ONGC clarifies on US licence for Venezuela operations

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ONGC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.4%Reaction day

₹238.49

prior close

₹239.55

announcement price

In-mkt

timing

Nifty 100market-0.5%+0.9% vs market

Oil Exploration & Production peers, median of 5sector+1.6%-1.2% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty 100 and 1.2 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.3

15m

-0.3

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.4-0.5+0.9+1.6-1.2

Next day

-0.2-0.8+0.6+0.3-0.5

+0.0-0.3+0.3+1.3-1.3

-0.9-0.2-0.6+0.4-1.3

-0.8-0.3-0.5+0.1-0.9

-1.9+0.2-2.0-1.5-0.4

-2.7-0.7-2.0-0.4-2.4

15d

-1.0-2.6+1.5+25.1-26.1

-2.4-3.8+1.4+16.1-18.5

-5.7-6.1+0.5+7.6-13.2

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UpDownMarket · Nifty 100Sector · Oil Exploration & Production peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ONGC clarifies that its subsidiary ONGC Videsh Limited holds two Venezuela assets, San Cristobal and Carabobo-1. OVL received OFAC-US licence approval in July 2026 to resume oil and gas operations there. Framework agreements for next steps are under discussion with stakeholders. ONGC says no material share price movement was observed and no quantifiable financial or operational impact can be assessed at this stage.

Likely market impact

No immediate financial impact visible; future progress on Venezuela assets via ONGC Videsh could shape subsidiary performance.