Oil & Natural Gas Corporation (ONGC), India's state-owned oil and gas exploration company, has announced a crucial board meeting scheduled for November 10, 2025. The meeting agenda includes reviewing the company's financial performance for the second quarter of the fiscal year 2025-26 and considering the declaration of an interim dividend.

Key Meeting Agenda

The board of directors will convene to discuss and approve the following items:

1. Un-audited financial results for Q2 FY2025-26
2. Potential recommendation of the first interim dividend

Financial Results Review

The board will examine both standalone and consolidated un-audited financial results for the quarter and half-year ended September 30, 2025. This comprehensive review will provide insights into ONGC's performance across its operations and subsidiaries.

Dividend Consideration

Shareholders will be particularly interested in the board's decision regarding the first interim dividend for the fiscal year. While the declaration of a dividend is not guaranteed, its consideration signals the company's ongoing evaluation of shareholder returns.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, ONGC has implemented a trading window closure:

The extended closure period, lasting until two days after the board meeting, ensures that no insider trading occurs based on the yet-to-be-announced financial results and dividend decision.

Investor Implications

This announcement is significant for ONGC stakeholders, as it sets the stage for important disclosures about the company's financial health and potential returns to shareholders. Investors and market analysts will closely watch the outcomes of this meeting, as they may influence ONGC's stock performance and dividend yield in the short term.

The scheduled board meeting underscores ONGC's commitment to transparent corporate governance and timely disclosure of material information to its shareholders and the broader market.

Oil & Natural Gas Corporation (ONGC), India's state-owned oil and gas giant, has shared its outlook on crude oil prices and detailed its growth strategy for the coming years. The company's executives have provided insights into market trends and operational plans that are set to shape its future.

Global Partnership Negotiations

ONGC's Co-Executive is currently negotiating with four global companies to establish a partnership in oil and fuel trading operations. This move aligns with the company's strategy to expand its global footprint and enhance its trading capabilities.

Crude Oil Price Forecast

ONGC executives have predicted that crude oil prices will remain relatively stable, ranging between $60.00-65.00 per barrel over the next 2-3 years. This forecast comes amidst ongoing volatility in the global oil market, driven by various factors including:

• Rising demand
• Supply changes
• The global transition to clean energy

Operational Expansion Plans

As part of its growth strategy, ONGC has outlined several key initiatives:

1. MH Field Development: The company plans to develop 100 new wells for the MH Field by fiscal years 2028 and 2029. This expansion is part of the progress in the BP-TSP (Bassein & Panna-Tapti Satellite Project).

2. Cost Efficiency Drive: ONGC is focusing on improving its operational efficiency through more than 20 projects. These initiatives have a combined value of approximately ₹43.00 billion.

3. Global Partnerships: ONGC executives are in discussions with global firms like Shell for collaboration on the East Coast KG 98/2 block development. The company is exploring partnerships with other global companies to boost output.

4. Western Offshore Development Project: ONGC has allocated ₹130.00 billion capex for the combined Western Offshore Development Project.

5. Mumbai High Fields: The company anticipates additional production of 19 million tons of oil and 22 BCM of gas from Mumbai High Fields over a 10-year period.

Financial Strategy

ONGC plans to fulfill its exploration and production funding requirements using internal resources. The company has identified value potential in new initiatives worth ₹50.00 billion, demonstrating its commitment to cost efficiency and strategic growth.

Upcoming Press Conference

According to the LODR data, ONGC has scheduled a press conference to discuss its growth pursuits. The event details are as follows:

A presentation related to ONGC's growth pursuits will be accessible on the company's website at https://ongcindia.com/web/eng/media/presentation .

This press conference may provide further insights into ONGC's strategies for navigating the evolving energy landscape and its plans for sustainable growth in the coming years.

As the global energy sector continues to face challenges and opportunities, ONGC's outlook and strategic initiatives will be closely watched by industry observers and investors alike. The company's ability to adapt to market dynamics while pursuing growth and global partnerships will be crucial in determining its position in the evolving energy market.