Oil and Gas Companies in India

Oil and Gas Companies in India

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calender.webp10 Feb 2026
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Oil and gas companies in India work across different stages of the energy chain. These stages include finding natural resources, producing crude oil or gas, refining raw materials, and supplying fuel to end users. Stocks from this sector fall under the energy category and usually get shortlisted based on market size. 

List of Oil and Gas Stocks 

Here is the list of oil and gas stocks in India 

Company Name 

Sector 

Price (₹) 

Market Cap (₹ Cr) 

P/E Ratio 

52-Week High (₹) 

52-Week Low (₹) 

Reliance Industries Ltd Oil & Gas / Conglomerate 1,390.4 18,81,554.48 24.81 1,611.80 1,114.85 
Oil & Natural Gas Corporation Ltd (ONGC) Oil & Gas 254.3 3,19,916.50 8.0–8.9 277.77 205.00 
Indian Oil Corporation Ltd (IOC) PSU Refining & Marketing 178 2,36,000 9.3 178 111 
Bharat Petroleum Corp Ltd (BPCL) PSU Oil Refining 384.75 1,60,000 6.64 391.65 234.01 
Hindustan Petroleum Corp Ltd (HPCL) PSU Oil Refining 458.40 97,539 6.34 508.45 287.55 
GAIL (India) Ltd Natural Gas 165.41 1,08,758.72 12.66 202.79 150.52 
Petronet LNG Ltd LNG / Energy 297.40 43,530 11.86 326.50 263.50 
Gujarat Gas Ltd City Gas Distribution 417 42,000 24 508.70 360.25 
Castrol India Ltd Lubricants / Energy 185.73 18,535.16 0 251.95 180.66 
Oil India Ltd Upstream Oil & Gas 498.50 82,485.28 13.81 524 325 

 

Disclaimer:  It is important to conduct research before making any investment decisions in these stocks. We do not recommend buying without thorough research and professional financial advice. Always consult a certified financial advisor to ensure the stocks align with your investment goals and risk tolerance.

Table of Contents

  1. List of Oil and Gas Stocks 
  2. Overview of Oil and Gas Companies in India 
  3. How to Invest in Oil and Gas Stocks? 

Overview of Oil and Gas Companies in India 

The following companies are selected based on market capitalisation ranking. Price levels, P/E ratios, and 52-week ranges are taken from NSE-related data and help in basic comparison. 

  1. Reliance Industries Ltd 
    Reliance Industries Ltd started in 1973. It works in the oil and gas sector. The company explores crude oil and natural gas, refines them, and sells petrochemical products. Its model covers upstream production to downstream marketing across refineries and pipelines. Operations span domestic and global sites. 
     
  2. Oil & Natural Gas Corporation Ltd (ONGC) 
    Oil & Natural Gas Corporation Ltd was formed in 1993. The company operates in the oil and natural gas sector. ONGC explores, develops, and produces crude oil and natural gas in onshore and offshore oil and natural gas fields. The operations of the company are based on exploration blocks and joint ventures, which produce output for the company. The company delivers gas to pipelines across the nation. 
     
  3. Indian Oil Corporation Ltd (IOC) 
    Indian Oil Corporation Ltd began in 1959. It functions in the refining and marketing sector of oil and gas. IOC runs refineries to process crude into fuels like petrol and diesel. Its model includes pipelines, storage, and retail outlets for distribution. The firm handles petrochemicals too. 
     
  4. Bharat Petroleum Corp Ltd (BPCL) 
    Bharat Petroleum Corp Ltd was incorporated in 1976. It serves the downstream oil and gas industry. BPCL is involved in the refining of crude oil and marketing of fuels, including products and intermediates, through refineries and depots. The business model of the company concentrates on retail pumps, aviation fuel, and LPG cylinders. The business processes both indigenous and imported crude. 
     
  5. Hindustan Petroleum Corp Ltd (HPCL) 
    Hindustan Petroleum Corp Ltd was incorporated in the year 1974. This operation is organised under the refining and marketing of oil and gas. HPCL operates refineries to manufacture petrol, diesel, and lubricants. Its model ranges from distribution via pipelines to over 14,000 outlets. Industrial fuels are supplied from this as well.  
     
  6. GAIL (India) Ltd 
    GAIL (India) Ltd was established in 1984. It works in natural gas transmission and processing. GAIL transports gas through pipelines, markets it to industries, and produces petrochemicals. The business areas include city gas distribution and LNG imports. It connects producers to consumers across regions. 
     
  7. Petronet LNG Ltd 
    Petronet LNG Ltd was created in 1998. It focuses on LNG import and regasification in the gas sector. The company imports liquefied gas, stores it at terminals, and regasifies it for pipeline supply. Its model uses long-term contracts with global suppliers. Terminals at Dahej and Kochi serve major users. 
     
  8. Gujarat Gas Ltd 
    Gujarat Gas Ltd was incorporated in 1980. It operates in the city gas distribution. The firm procures natural gas and supplies it to homes, vehicles, and factories via pipelines. Its model includes CNG stations and PNG networks in Gujarat. Expansion covers more industrial clients. 
     
  9. Castrol India Ltd 
    Castrol India Ltd dates back to 1910 operations in India. It specialises in lubricants within the oil sector. The company blends and markets engine oils and greases for vehicles and machines. Its business imports base oils and manufactures products for automotive and industrial use. Distribution reaches workshops nationwide. 
     
  10. Oil India Ltd 
    Oil India Ltd was formed in 1959. It functions in upstream exploration and production. OIL drills for crude oil and natural gas in Assam and other areas. The model involves field development, pipelines, and refining at Numaligarh. It explores overseas blocks too. 

How to Invest in Oil and Gas Stocks? 

Investing in oil and gas stocks can be done through a structured process using BlinkX. The steps below explain how to invest:  

Step 1: Open the BlinkX app or website and register using basic personal details. 

Step 2: Complete KYC by submitting identity and bank information. 

Step 3: Add funds through UPI or bank transfer. 

Step 4: Search for the required oil and gas stock. 

Step 5: Review the current oil & gas share price and place a buy order. 

Step 6: Once executed, the shares get credited to the Demat account. 

FAQs on Oil and Gas Stocks

How to invest in oil & gas stocks?

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Following are the steps to invest in oil & gas stocks:

  1. Open an account with a brokerage firm. 
  2. Fund your account. 
  3. Research oil & gas companies and select the ones you want to invest in. 
  4. Buy shares of those companies.

Is it a good decision to invest in natural gas and oil shares?

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According to experts, investing in natural gas and oil shares can be a good time on a long-term basis. However, it’s important to do a thorough research or consult a financial advisor before investing.

Which is the largest oil industry in India?

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Oil and Natural Gas Corporation (ONGC) is one of the largest oil shares of the Oil industry. It is important to the Indian economy as it accounts for 70% of India’s crude oil production.

What are the benefits of investing in oil and gas stocks?

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A  strong combination of investment advantages are listed below:

  • Tax incentives
  • Higher return on investment potential
  • Long term passive income generation 
  • Portfolio diversification

Do gas companies in India pay good dividends?

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Yes, many of them do. For example, GAIL, IGL, and MGL offer consistent dividend payouts with fairly attractive yields.

What are the risks of investing in gas sector stocks?

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Gas stocks can be affected by global energy prices, policy changes, supply disruptions, and regulatory decisions.

Are natural gas stocks better than oil stocks in India?

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Natural gas stocks tend to offer more stability due to steady domestic demand, while oil stocks can be more volatile due to global crude price movements.

What affects the share prices of gas companies?

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Their prices depend on factors like domestic gas supply, international fuel prices, demand trends, and government policies.