Ongc dividend 2023

ONGC Q3 Results 2023, Dividend: Oil and Natural Gas Corporation (ONGC) shares declined Rs 0.95 or 0.64 percent on Wednesday trading session and stood at Rs 147.50 apiece on the BSE. On Tuesday along with the announcement of Q3 earnings, state-owned explorer ONGC declared a second interim dividend to its shareholders for the current financial year 2022-23. “The Board of Directors has declared 2nd interim dividend at the rate Rs.4 per equity share of face value of Rs 5/- each i.e.@ 80 % for the Financial Year 2022-23. As informed vide letter dated 09.02.2023, Friday, 24.02.2023 has been fixed as Record Date for determining the eligibility of shareholders for the payment of the said Interim Dividend. The dividend will be paid to the eligible shareholders on or before 16.03.2023,” the state-owned oil & exploration company said in a BSE exchange filing on Tuesday. The corporation's revenue from operations rose to Rs 38,583 crore in the December quarter, a hike of 35.5 percent jump as compared to Rs 28,473 crore in the same quarter a year ago. The rise in the net profit and revenue of the ONGC was mainly due to the higher prices of gas under the administered price mechanism (APM).

ONGC Dividend Record Date: Oil and Natural Gas Corporation (ONGC) on Monday said its board has approved an interim dividend of Rs 6.75 per equity share of face value of Rs 5/- each i.e. @ 135 per cent for the financial year 2022-23 while also announcing its second quarter earnings for the current fiscal or Q2 FY23. Shares of ONGC hit an over four-month high at Rs 143.20, on gaining 3 per cent in Tuesday’s intra-day trade in an otherwise range-bound market after the oil explorer reported a standalone net profit of Rs 12,826 crore in September quarter (Q2FY23). The state-owned oil exploration & production company had posted profit of Rs 18,348 crore in a year ago quarter. “It is hereby informed that the Board of Directors of the Company at its meeting held has declared interim dividend at the rate Rs. 6.75 per equity share of face value of Rs. 5/- each i.e. @ 135. per cent for the Financial Year 2022-23. As informed vide letter dated 09.11.2022, for determining eligibility of shareholders for payment of the said Interim Dividend Record date for the said interim dividend is Tuesday, the 22nd November, 2022. The dividend will be paid to the eligible shareholders on or before 13.12.2022," ONGC informed in an exchange filing. The total payout will be Rs 8,492 crore, majority of it going to the government. ONGC reported revenue at Rs 38,321 crore during the quarter. Gross oil realization stood at $95.5/bbl. Net of windfall tax, realization stood at $72.2/bbl. Gas realisation rema...

In its 362 ndmeeting held on 14 th February, 2023, ONGC Board approved the results for Third Quarter (Q3) of FY 2022-23 (FY’23). Major Highlights: • Gross Revenue ₹ 38,584 crore in Q3, up by 35.5% Q-o-Q • Net profit ₹ 11,045 crore in Q3, up by 26% Q-o-Q • 2nd Interim Dividend of ₹ 4.00 per share Details are as under: 1. Financial Performance (Standalone) 2. Dividend Board has approved 2 nd interim dividend of 80%, i.e. ₹ 4.00 on each equity share of ₹5.00 The total payout on this account will be ₹ 5,032 Crore. The Record date for distribution of dividend has been fixed for 24 th February, 2023 which has been intimated to the stock exchanges. This is in addition to 1st interim dividend of ₹ 6.75 per share(135%) declared earlier in Nov,2022. 3. Financial Performance (Consolidated) 4. Production Performance Uncertainties and constraints across the global supply chain due to the Russia-Ukraine conflict have adversely affected the production of crude oil and gas. Significant peaks in energy prices, political stands of different nations in the aforementioned matter have significantly impacted energy productivity, affordability, and cost inflation, besides the lingering aftermath of the restrictive conditions due to the COVID pandemic. 5. Exploratory Success: ONGC has declared total 7 discoveries (4 in onland and 3 in offshore) during FY 2022-23 so far in its operated acreages. Out of these, 2 (1 in onland and 1 in offshore) are prospects and 5 (3 in onland and 2 in offshore) are...

Oil and Natural Gas Corporation (ONGC) has fixed the record date for the payment of 2nd interim Dividend to its shareholders. According to an exchange filing by the public sector company, the Dividend will be paid to the investors if declared by the Board of Directors at the meeting on Tuesday, February 14. The board is slated to meet today to consider and approve the third quarter results. The state-owned oil and natural gas company has fixed February 24, 2023, as the Record Date to determine the shareholders' eligibility for the second interim Dividend payment. "In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Friday, February 24, 2023, will be the Record Date for determining the eligibility of shareholders for payment of the said Interim Dividend, if declared by the Board of Directors," the company said in an exchange filing. Shares of ONGC quoted Rs 147.85 apiece on NSE around 10 AM on Tuesday. The scrip has yielded an average return of around 6 percent in the past six months, while it has declined 11 percent in the past year. India's largest oil and gas producer is expected to reverse years of decline this year and gradually raise output after that, as it invests billions of dollars in producing from newer discoveries, a top company official said. ONGC in fiscal 2021-22 produced 21.707 million tonnes of crude oil, refined to produce petroleum products like petrol and diesel, and 21.68 billion cubic meters (bcm) of ...

The stock has also been gaining on the back of 26 per cent rise in net profit in the December quarter. The scrip opened at Rs 150 apiece on NSE, up nearly 2 per cent from the previous close of Rs 147.50. The stock hit a high Rs 153.30, gaining 4 per cent, and a low of Rs 148.40. The counter held firmly in green around noon to trade at Rs 152.20. The state-owned explorer in the December quarter reported a standalone profit of Rs 11,045 crore, registering a growth of 26 per cent YoY, helped by higher crude and gas prices. The profit in the corresponding period of last fiscal stood at Rs 8,764 crore. The Maharatna company's standalone revenue rose by 36 per cent to Rs 38,583 crore from Rs 28,473 crore registered in the year-ago period. The rise in ONGC's revenue and profit was mainly driven by surging APM gas prices, though they were impacted by a rather subdued growth in its oil and gas business volumes. ONGC Share Price Target 2023 Global brokerage firm CLSA has recommended a buy rating on the scrip with a price target of Rs 225 per share, implying an upside of 53 per cent from the current price. It said that the company's earnings miss out on higher exploration costs and operating expenses. The New Delhi headquartered company has the maximum dividend yield in the Asian large-cap space. Brokerage Rating Price Target CLSA Buy Rs 225 Morgan Stanley Overweight Rs 177 JP Morgan Neutral Rs 165 Citi Neutral Rs 155 ONGC Dividend 2023 The oil and gas major has declared paying the s...

ONGC Dividend 2023, ONGC Dividend 2023 Amount, ONGC Dividend Record Date 2023: Oil and Natural Gas Corporation (ONGC) declared paying the second interim dividend to its shareholders for the financial year 2022-23. Besides, the company has also fixed the record date for the payment of dividend. ONGC is the largest crude oil and natural gas company in the country, contributing around 71 per cent to domestic production. The state-owned oil and natural gas company has fixed February 24, 2023 as the Record Date for the purpose of determining the eligibility of shareholders for the payment of the second interim Dividend. "In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Friday, the 24th February, 2023 will be the Record Date for determining eligibility of shareholders for payment of the said Interim Dividend," the company said in an exchange filing. ONGC Share Price ONGC share price declined 1 per cent to quot Rs 147 apiece on NSE around 10 AM on Wednesday. The scrip has yielded a moderate return of around 6 per cent in the past 6 months while it has declined 11 per cent in the past one year. ONGC Q3FY23 Results ONGC reported a standalone profit of Rs 11,045 crore for the quarter ending December 30, 2022, recording a growth of 26 per cent over the Rs 8,764 crore profit recorded during the corresponding period of last year. The Maharatna company`s standalone revenue rose by 36 per cent to Rs 38,583 crore from Rs 28,473 crore r...