Oil & Natural Gas Corporation (ONGC)

• India’s largest crude oil and natural gas producer with dominant share in domestic energy output. • Maharatna PSU with a relatively low valuation (P/E), often attractive for dividend-oriented investors. • ONGC Videsh expands its global footprint through overseas exploration and production assets. • Capex plans target large refinery and petrochemical complexes domestically. • Profitability can be cyclical due to oil price and production trends, with occasional YoY declines.