ONGC Videsh Q4 Highlights: Net Profit stood at Rs 418 crore, dividend of Rs 0.34/-share declared
The oil production of ONGC Videsh Ltd saw a marginal increase of 1.2% in FY’25, reaching 7.265 MMT from 7.178 MMT in FY’24.
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New Delhi, 23 May 2025: ONGC's overseas arm, ONGC Videsh Ltd, experienced a slight increase in oil production of 1.2% in FY'25, reaching 7.265 MMT compared to 7.178 MMT in FY'24.
This positive performance was driven by strong contributions from the key operated/jointly operated assets, namely MECL & CPO5 in Colombia and GPOC & SPOC in South Sudan, despite geopolitical headwinds, natural decline, and local issues.
Gas production output moderated to 3.013 BCM in FY’25 from 3.340 BCM in FY’24, primarily due to the end of production life in Block 06.1 Vietnam. The total oil and gas production in FY’25 was 10.278 MMTOE as compared to 10.518 MMTOE in FY’24.
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The Company achieved a turnover of Rs 12,995 crore during FY’25 against the turnover of Rs 13,197 crore during FY’24. This was mainly due to the lower realized crude oil price of USD 70.23/bbl in FY’25 as against USD 71.47/bbl in FY'24.
The Company registered a PAT of Rs. 418 crore in FY’25, as against Rs. 490 crore (restated) in FY’24. The Board of Directors of the Company has recommended a final dividend of Rs.0.34 per share on fully paid equity shares par value of Rs.100 each, subject to approval by the shareholders. The total dividend amounts to Rs 51 crore
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