ONGC denies talks with ExxonMobil on joint oil and gas bids

Strategic Transactions View source PDF Explain this filing

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

-2.5%Reaction day

₹274.84

prior close

₹273.89

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.5%-2.0% vs market

Oil peers, median of 15sector · industry level+0.0%-2.5% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty 100 and 2.5 pts less than its Oil 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

-1.1

10m

-0.9

15m

-1.3

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5-0.5-2.0+0.0-2.5

Next day

-7.5-1.4-6.1-0.3-7.2

-6.6+1.1-7.7+0.5-7.1

-3.2+1.4-4.6+1.5-4.7

-2.3+0.9-3.1+1.4-3.7

-2.3+1.1-3.4-0.1-2.3

-1.2+2.0-3.2+2.1-3.3

15d

+1.2+0.8+0.5+1.5-0.2

+2.4-1.8+4.2+1.8+0.6

+3.7-12.1+15.8-7.7+11.4

+8.7-4.3+13.0+5.4+3.3

UpDownMarket · Nifty 100Sector · Oil peers, median of 15Pending

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

AI summary

ONGC clarified to exchanges that it is not in any definitive negotiations or arrangements with ExxonMobil for jointly bidding on oil and gas blocks. The clarification follows a Livemint news report dated 28.01.2026. ONGC noted that share prices of Indian E&P companies rose today, including itself (up 2.46 percent), Oil India (up 4.93 percent), and Hind Oil Exploration (up 1.89 percent), likely driven by rising Brent crude prices rather than any confirmed deal.

Likely market impact

Denies partnership rumor; recent stock rise appears driven by broader crude price trend, not a confirmed deal.