Top 13 Companies in India by Net Profit from Oil Exploration and Production Sector (Feb 2024 update)

Exploration and production (E&P) is a distinct segment of the oil and gas industry that is associated with the initial phase of energy production. It typically entails the discovery and extraction of oil and gas. An E&P firm locates and obtains the raw materials needed by the energy industry. They typically locate and extract raw materials to be shipped to other oil companies during the production process, but they do not refine or produce energy.

The search, exploration, drilling, and extraction stages of the oil and gas industry are collectively referred to as the upstream sector, or E&P. The first step in the production of oil and gas is the exploration and production (E&P) phase. The main goals of the businesses in this sector are to find and remove resources from the Earth.

List of Top 13 Oil Exploration and Production in India (BSE) based on Net Profit.

Company Name Net Profit (Rs. cr)
Reliance 43,017.00
ONGC 38,828.87
Oil India 6,810.40
Petronet LNG 3,239.94
HOEC 163.67
Jindal Drilling 111.82
Deep Ind 78.31
Dolphin Offshor 42.36
Selan Explore 30.85
Continent Petro 3.94
Deep Energy Res 2.79
Gujarat Natural -0.42
Asian Energy -29.28
Source: BSE, India, last updated 20 February, 2024

This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:

1. Feng, H. (2004). Entering China: A Strategy for Electromagnetic Geoservice AS in the Offshore Oil Exploration Industry.
2. Chygryn, O., Lyulyov, O., Pimonenko, T., & Mlaabdal, S. (2020). Efficiency of oil-production: The role of institutional factors. Engineering Management in Production and Services12(4), 92-104.
3. Comyns, B., Meschi, P. X., & Norheim‐Hansen, A. (2023). Firms’ responses to environmental misconduct accusations under the condition of contested practice complexity: Evidence from the palm oil production industry. Business Strategy and the Environment.
4. Labella, R. C., Rosa, M. P., Fort, F., & Armenteros, E. M. M. (2017). Certification of Quality as a Forerunner of Environmental Sustainability Standards Adoption in the Olive Oil Production Industry. European Journal of Sustainable Development6(4), 195-204.

Disclaimer: This news is for information and research purposes only. It is not intended for financial advice.
Declaration of competing interest: Publisher and owner of this web-portal hereby declare that there is no competing interest.

Leave a Reply