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Dividend paying stocks like Oil India Limited (NSE:OIL) tend to be popular with investors, and for good reason - some...
The oil producer wants to be in the upper echelon of dividend growth stocks in the future. It plans to deliver dividend growth in the top 25% of all companies in the S&P 500 .
Oil India was formed in 1959 to operate this new field and other nearby concessions, with Burmah Oil holding 2/3rd equity holding and Government of India holding 1/3rd equity. Later in 1961, this was changed to 50/50 shareholding. In 1982, Burmah Oil transferred all its shares to Government of India and Oil India became 100% Government owned.
Oil and natural gas are highly volatile commodities. That's probably the first lesson that investors in energy stocks learn from owning shares in companies like Chevron (NYSE: CVX) and Devon ...
In January 2014, OVL and Oil India completed the acquisition of Videocon Group's ten percent stake in a Mozambican gas field for a total of $2.47 billion. [16] In June 2015, Oil and Natural Gas Corporation (ONGC) gave a ₹ 27bn ($427m) offshore contract for the Bassein development project to Larsen & Toubro (L&T). [17]
The Indian Oil Group owns and operates 11 of India's 23 [27] refineries with a combined refining capacity of 80.7 million tonnes per year. [28] Indian Oil's cross-country pipeline network, for the transport of crude oil to refineries and finished products to high-demand centres, spans over 13,000 km.
Oil prices are notoriously volatile. Over the past year, crude oil has topped out around $90 a barrel and been down in the $60s. That volatility can have a big impact on the cash flows produced by ...
Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by the company, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year ...