Oil and Gas Companies in India are one of the core industries of the country and the backbone of the economy. Petroleum companies in India are one of the ruling industries forming a core part of industrialization. They are among the eight core industries playing a major role in the economy of India.
Energy demand has a quite big role in India's economic growth and hence the oil and gas industry projects well grow in this sector, making it a good option for investment. Most of the oil and gas companies in the country are Public Sector Undertakings (PSU) organized by the Indian government. So, let us see the complete insights of top Oil and Gas companies in India.
1. Indian Oil Corporation
It is the largest oil company and one of the top oil marketing companies in India. Founded in the year 1959, headquartered in New Delhi, India. This company is the world's 88th largest company as per the Fortune Global 500 list, and the largest category of a public corporation in India when ranked by revenue.
Indian Oil Corporation is an oil and gas company that operates the largest and most extensive network of fuel stations all over India. It offers a range of products, fuels, lubricants, petrochemicals. It is making good worth with 35000 employees having 28 billion dollar turnover. It is another public sector undertaking and has its business spread across the globe. It also has its subsidiaries in Sri Lanka, Mauritius, and UAE.
Indian oil and the natural gas corporation is one of the biggest oil companies in India that was founded in the year August 1956. Its headquarters lie in Dehradun, Uttarakhand, India. It is a government company providing employment opportunities for nearly 33000+ applicants. It produces petroleum, natural gas, and petrochemicals.
This oil and top gas company in India secured eighth place in the entire world. It records a large turn of 6.50 billion dollars a year. The company is involved in exploiting hydrocarbons in 26 sedimentary basins of the country and operates over 11000 kilometres of pipelines. It is the largest among all the governments undertaking in the oil and natural gas sector.
3. Bharat Petroleum
Bharat Petroleum Limited is India's second-largest oil and gas company, headquartered in Mumbai, Maharashtra. The corporation operates two large refineries in the country located at Mumbai and Kochi. It has four refineries-
- Mumbai refinery
- Kochi refinery
- Rina refinery
- Numaligarh refinery
The company's production involves the finest quality oil, gas, and petroleum products. It belongs to the public sector category with 14000 + employees. This huge refinery has a turnover of 40 billion dollars. It is also another undertaking of the government of India.
4. Reliance Petroleum
Reliance Petroleum Limited, one of the top petroleum companies in India, is located in Ahmedabad and Jamnagar. Reliance Petroleum refinery is currently the largest refinery in the world is owned by Reliance industries limited. Mukesh Ambani is the Chairman and Managing director of this company.
It belongs to the government-owned sector having employed more than 10000 employees. It is into the production of oil, petrochemicals, and natural resources. Apart from supplying oil and other LPG products, it carries out discourses to an extensive platform of audiences all over the world.
5. Hindustan Petroleum Corporation
HPCL is a public sector company whose head office is located in Mumbai. It has been ranked 4th among India's companies for the year and ranked 260 in the Fortune global 500 rankings of the biggest corporations of the world. The government of India owns 51.11% of this leading oil marketing company.
This oil and gas company is Navratna. It is the best petrol company in India. PSU of Indian government contributing to refining and marketing of petroleum-based products. It holds 3 refineries and possesses an extensive network of petrol pumps as well as LPG distributors. The company has more than 18,000 employees and a business turnover of 8 million dollars. It has a nearly 20% market share in the country among PSUs as well as holds a strong marketing infrastructure.
6. Oil India limited
Oil India Limited is an Indian public sector petrol company headquartered in Duliajan of Assam, involved in the production of crude oil and natural gas. It is the second-largest hydrocarbon exploration and production. This company is under the control of the Ministry of Petroleum and Natural gas of the Indian government. It consists of 11000 employees with a business turnover of 35 billion dollars. The company gained Navratna status and is one of the oldest oil companies in India.
7. Cairn India
This company falls under public sector oil companies in India and it stands in the fifth position in the list of the topmost oil and gas companies with a turnover of approximately 3400 million dollars and higher. It is involved in producing the best oil, gas and petroleum products for different agencies in India and overseas.
It makes its own speciality by its exceptionally massive business coverage. It employs around 2000 employees and its headquarters are situated in Gurgaon, Haryana. The company serves in India, Sri Lanka, and South Africa.
8. Essar Oil limited
Essar Oil Limited has its refinery in Vadinar, in Gujarat state. It is another largest gas company in India and has contributed to the exploration and production of oil and natural gas, purifying crude oil, and advertising petroleum products. It has its headquarters in Mumbai, the company has more than 75000 employees and it has a turnover of 9 billion dollars, and it is one of the oldest companies in India.
Which are the oil marketing companies in India?
The retail marketing of petroleum products in India is done by the Public Sector Oil Marketing Companies (OMCs) i.e. Indian Oil Corporation Ltd (IOCL), Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), etc.
Which is the biggest oil company in India?
ONGC, a Maharatna Company, is the best gas company in India, contributing around 75 per cent to Indian domestic production. The company ranks 11th among global energy majors (Platts) that’s why it is one of the top oil companies in India.
How many oil companies are there in India?
India has 18 public sector refineries and five refineries in the private sector in India.
Which oil company is best in India?
Indian Oil Corporation is one of the leading oil companies in India.