|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||124.95 - 128.05|
|52 Week Range||105.65 - 206.25|
|Beta (3Y Monthly)||0.25|
|PE Ratio (TTM)||7.05|
|Forward Dividend & Yield||13.50 (10.76%)|
|1y Target Est||214.41|
NEW DELHI/SINGAPORE (Reuters) - Indian Oil Corp, the country's top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday. IOC is the first Indian state refiner to buy U.S. oil under an annual contract, in a deal that will also help boost trade between New Delhi and Washington. The company has previously purchased U.S. oil from spot markets and signed a mini-term deal in August to buy 6 million barrels of U.S. oil between November and January.
Indian Oil Corp (IOC) bought a commissioning cargo of liquefied natural gas (LNG) for its new Ennore terminal in south India, in a sign that India's first terminal in the east coast is readying for start-up, three industry sources said on Monday. It bought the cargo at about $9.50-9.90 per million British thermal units (mmBtu), one of the sources said.
Indian Oil Corp, the country's top refiner, is looking for an annual deal to buy U.S. crude as it seeks to broaden its oil purchasing options, its chairman said on Wednesday, amid uncertainties over imports from Iran. Washington in November granted a six-month waiver to New Delhi from sanctions against Tehran and restricted India's monthly intake of Iranian oil to 1.25 million tonnes or 300,000 barrels per day. Sanjiv Singh told reporters IOC has not yet finalised from which company it would buy U.S. oil.
(Reuters) - Indian Oil Corp Ltd (IOC) reported nearly 91 percent slump in quarterly profit on Wednesday, as a plunge in global crude prices took a toll on margins of oil refiners and marketing companies. ...
SINGAPORE (Reuters) - Indian Oil Corp (IOC) is seeking a commissioning cargo for its new Ennore liquefied natural gas (LNG) terminal in south India, two industry sources said on Wednesday. The state-owned ...
Indian Oil Corp, the country's top refiner, will shut half of its 300,000 barrels per day Panipat refinery in northern Haryana state for about a month from mid-February for maintenance, a company spokesman said. The refiner will shut a 150,000 bpd crude unit. It will also shut a sulfur recovery unit, hydrocracker, diesel hydrotreater, and coker among others for planned maintenance.
India's biggest refiner Indian Oil Corp Ltd said on Wednesday that Iran may still invest in a refinery expansion project at one of its subsidiaries. Indian Oil's chairman Sanjiv Singh said that Iran has not ruled out participating in the expansion at Chennai Petroleum Corp Ltd, a south India-based 20,000 barrels per day (bpd) refinery. Iran's participation has been questioned after India cut back its Iranian crude oil imports following U.S. sanctions.
NEW DELHI (Reuters) - Indian Oil Minister Dharmendra Pradhan said on Friday he was hopeful that Organisation of the Petroleum Exporting Countries (OPEC) would keep in mind consumers' interests before deciding ...
India's top refiner, Indian Oil Corp (IOC), has issued a global tender to charter scrubber-fitted oil tankers for at least five years to import Iraqi oil, a tender document seen by Reuters showed. The tender says Indian shippers will be given first right of refusal for the contract as the nation seeks to boost its shipping industry. A scrubber is a product that strips out sulphur emissions and, in doing so, can allow shippers to use dirtier fuel oil but still meet new global requirements for lower emissions.
SINGAPORE (Reuters) - Indian Oil Corp is seeking two liquefied natural gas (LNG) cargoes for delivery in January, two industry sources said on Monday. The company is seeking the cargoes on a delivered ...
India's top refiner Indian Oil Corp Ltd said on Friday the United States might allow the country to keep buying oil from sanctions-hit Iran as removing Iranian supplies from the market would impact global crude prices. "I can't say there will be a waiver or no waiver, but definitely we are hopeful that we will have some sort of clearance to continue with Iran," said Sanjiv Singh, Indian Oil chairman. Cutting Iranian crude exports to zero would be a "tough call" not only for India but for the global oil trade, Singh said.
(Reuters) - State-run refiner Indian Oil Corp Ltd posted a 12.2 percent fall in second-quarter profit on Friday, missing estimate by a wide margin, dented by forex expenses and raw material costs. Net ...
India's biggest state-owned refiner Indian Oil Corp Ltd said on Wednesday that a gradual rise in India's natural gas consumption could reduce local diesel demand. "Rising use of gas to begin denting diesel demand in five to seven years," said B.V. Ramagopal, the director of refineries at Indian Oil. Keeping in mind the increasing demand of natural gas in the country, the company is currently in the process of expanding its natural gas business, said Ramagopal.
Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November. India's loadings from Iran for this month and next will drop to less than 12 million barrels each, after purchases over April-August had been boosted in anticipation of the reductions. The United States is renewing sanctions on Iran after withdrawing from a nuclear deal forged in 2015 between Tehran and world powers.
State-owned Indian Oil Corp. posted a 50 percent jump in quarterly profit as the margin for converting crude into fuels more than doubled. The Mumbai-based company is locking in future supplies and said this month it signed a term tender to purchase American oil for delivery every month between November and January as U.S. President Donald Trump seeks to squeeze Iran exports. Indian Oil earned $10.21 for every barrel of crude it turned into fuel in the quarter compared with $4.32 a year earlier.
I am writing today to help inform people who are new to the stock market and want to learn about Return on Equity using a real-life example. Indian Oil CorporationRead More...
NEW DELHI/SINGAPORE (Reuters) - Indian Oil Corp has bought 6 million barrels of U.S. crude for delivery in November to January, a company official said, as the nation's top refiner scouts for alternatives to Iranian oil ahead of impending U.S. sanctions. This was the company's first purchase through a mini-term tender to buy U.S. oil, IOC's Director of Finance A.K. Sharma said on Wednesday. India has asked refiners to prepare for a drastic cut or even zero imports from Iran after the United States withdrew from the 2015 nuclear deal and announced a renewal of sanctions on Tehran.
Indian Oil Corp (IOC) sold a naphtha cargo from its Paradip refinery this week, four traders that participate in the market said on Friday, in what was likely the first sale since May 2017. IOC sold up to 30,000 tonnes of naphtha on late Thursday in two separate cargoes for second-half August loading from Paradip to a trading house at discounts of about $14 a tonne to its own price formula on a free-on-board (FOB) basis, the traders said. IOC this year stopped exporting naphtha from Paradip, which can process 300,000 barrels per day (bpd) of crude, as it was using the fuel as feedstock for gasoline production, said the traders, who closely track Indian cargoes.
Over the past 10 years Indian Oil Corporation Limited (NSE:IOC) has returned an average of 4.00% per year from dividend payouts. The company currently pays out a dividend yield ofRead More...
This analysis is intended to introduce important early concepts to people who are starting to invest and want to better understand how you can grow your money by investing inRead More...
In March 2018, Indian Oil Corporation Limited (NSEI:IOC) released its latest earnings announcement, which confirmed that the business gained from a strong tailwind, eventuating to a double-digit earnings growth ofRead More...
Indian Oil Minister Dharmendra Pradhan said on Wednesday Saudi Arabia and other OPEC producers are "revisiting" their output-cutting policy, referring to a discussion he had with his Saudi counterpart. "For the first time, the Saudi oil minister called us and said 'we are revisiting our policy on oil output cuts'," Pradhan said. This follows news on Tuesday that the U.S. government had unofficially asked Saudi Arabia and some other OPEC producers to raise oil output.
Investors pursuing a solid, dependable stock investment can often be led to Indian Oil Corporation Limited (NSEI:IOC), a large-cap worth ₹1.65T. One reason being its ‘too big to fail’ auraRead More...
NEW DELHI (Reuters) - Indian Oil Corp, (IOC.NS), the country's top refiner and fuel retailer, has marginally cut pump prices of petrol and diesel around India, its website showed on Wednesday. In New Delhi, ...
Indian Oil Corp (IOC), the country's top refiner, will turn to its traditional oil suppliers, mostly in the Middle East, if U.S. sanctions against Iran result in supply disruptions, its head of finance said. U.S. President Donald Trump earlier this month pulled out of a 2015 international nuclear pact with Iran, and said he would impose sanctions on Tehran - and companies that continue to work with it - unless it curbed its influence in the Middle East. Other signatories of the pact - France, Germany, Britain, Russia and China - said they would try to salvage the deal and keep Iran's oil trade and investment flowing.