Oil & Natural Gas Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 26, 2026, recommended Final Dividend of Re. 1 per equity share.
ONGC · price
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On the reaction day the stock moved 5.1 pts less than Nifty 100 and 4.9 pts less than its Oil Exploration & Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ONGC's Board approved FY2025-26 standalone results showing revenue of ₹1,32,508 crore (down from ₹1,37,846 crore) and net profit of ₹32,894 crore (down from ₹35,610 crore). EPS declined to ₹26.15 from ₹28.31. The Board recommended a final dividend of ₹1 per equity share (20% on ₹5 face value), subject to shareholder approval at AGM. Other key decisions include in-principle approval for a 50:50 joint venture with Gujarat Maritime Board to develop a 5 MMTPA liquid port at Dahej, Gujarat. The Board also approved a parent company guarantee of up to USD 325 million by ONGBV for abandonment liability on behalf of OCL (Brazil operations) and related party transactions for Mozambique project. The company had ₹1,000 crore unsecured NCDs as of March 31, 2026.
The dividend at ₹1 per share represents a modest payout consistent with historical levels despite lower profits. The Dahej port JV signals strategic infrastructure expansion for logistics. Investors should note ongoing contingent liabilities of ₹15,225 crore related to PMT JV arbitration and ₹19,645 crore provision for Service Tax/GST disputes, though these are already reflected in accounts.