Oil & Gas PSUs Record First Q1 Capex Decline in Five Years.

$ONGC :- Q1FY27 capex declined 16.7% to ₹6,834 crore. 12 oil & gas PSUs spent ₹27,161 crore in Q1FY27, down 3.8% YoY. Volatility, project cycles and high-base effects influenced spending. Investors generally assess capex for future production, energy security, execution and regulatory factors. Q1FY27: April–June 2026. One quarter’s capex change should be assessed alongside annual plans and project execution.