Transcript of Investors'' & Analysts'' Meet 2026
OIL · price
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Oil India held its Annual Investors' Meet 2026 on May 25, 2026. Despite crude oil price realization dropping to $69/barrel (lowest in 5 years), the company posted consolidated income of ₹38,981 crore (3% YoY growth) with EBITDA of ₹13,498 crore (5% growth) and PAT of ₹7,551 crore (7% growth). The company maintained its dividend at ₹11.5 per share. Key highlights include: highest ever drilling of 74 wells, production of 6.64 MMT oil equivalent, NRL expansion to 9 MMT on track for March 2027 with Navratna status conferred, major offshore exploration campaign in KG, Mahanadi and Andaman basins with TotalEnergies partnership, and Mozambique LNG force majeure removed with commissioning expected end 2028/early 2029. The company also outlined targets including 4 MMT oil and 5 BCM gas production goals, scaling to 12 MMT by 2030, and 5 GW renewable capacity by 2040.
Resilient performance despite lower crude prices and strong dividend commitment provides shareholder confidence. Multi-year targets across upstream, downstream, and new energy, along with global partnerships and government support through Samudra Manthan Mission, offer long-term growth visibility. NRL expansion and pipeline infrastructure upgrades strengthen the integrated business model.