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Indian Oil Corporation Limited (IOCL or IOC), trading as IndianOil, is an Indian multinational [3] [4] oil and gas company under the ownership of Government of India and administrative control of the Ministry of Petroleum and Natural Gas. It is a public sector undertaking which is registered in Mumbai but headquartered in New Delhi. [5]
The oil company plans to return at least 50% of its growing free cash flow to shareholders via a growing base dividend, share repurchases, and variable dividends. It will use the other 50% to ...
The price/dividend first estimate of 25 years is easily calculated. If we assume an additional 33% duration to account for the discounted value of future dividend payments, that yields a duration of 33.3 years. Present value of the dividend payment in year one is $4, year two $4*1.065*.921=$3.92, year three $3.85, etc.
The public issue of CPCL shares at a premium of ₹ 70 (₹ 90 to FIIs) in 1994 was oversubscribed to an extent of 27 times and added a large shareholder base of over 90000. As a part of the restructuring steps taken up by the Government of India, Indian Oil Corporation Limited (IOCL) acquired equity from GOI in 2000–01.
As on 31 March 2013, Government of India held around 69% equity shares in ONGC. Over 480,000 individual shareholders hold approx. 1.65% of its shares. [47] Life Insurance Corporation of India is the largest non-promoter shareholder in the company with 7.75% shareholding. [5]
Image source: Getty Images. The Vanguard Energy ETF. Vanguard has a fund for each of the 11 stock market sectors. The Vanguard Energy ETF targets U.S. oil and gas companies -- with over 35% of the ...
Share (%) 1 Oil and Natural Gas Corporation Limited (ONGC) 40,305 15.27 2 Indian Oil Corporation Limited (IOCL) 24,184 9.16 3 Power Grid Corporation of India (PGCIL) 17,074 6.48 4 National Thermal Power Corporation (NTPC) 16,111 6.11 5 Steel Authority of India Limited (SAIL) 12,015 4.55 6 Coal India Limited (CIL) 11,202 4.24 7
Instead, limiting supply means that OPEC+ is ceding market share to non-OPEC producers, including the US. "We expect non-OPEC supply growth to take a ~75% share of the world's global demand growth ...