IOC.BO - Indian Oil Corporation Limited

BSE - BSE Real Time Price. Currency in INR
157.35
+3.95 (+2.57%)
At close: 3:57PM IST
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Previous Close153.40
Open155.90
Bid0.00 x 0
Ask0.00 x 0
Day's Range153.75 - 159.10
52 Week Range145.65 - 391.50
Volume792,039
Avg. Volume468,519
Market Cap1.49T
Beta0.16
PE Ratio (TTM)6.07
EPS (TTM)25.91
Earnings DateN/A
Forward Dividend & Yield4.00 (2.58%)
Ex-Dividend Date2018-08-20
1y Target Est214.41
  • Reuters8 days ago

    Exclusive: India's Iran oil purchases to fade ahead of U.S. sanctions

    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.

  • Indian Oil's Quarterly Profit Jumps as Refining Margin Doubles
    Bloomberglast month

    Indian Oil's Quarterly Profit Jumps as Refining Margin Doubles

    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.

  • Is Indian Oil Corporation Limited’s (NSE:IOC) ROE Of 19.50% Sustainable?
    Simply Wall St.last month

    Is Indian Oil Corporation Limited’s (NSE:IOC) ROE Of 19.50% Sustainable?

    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...

  • Reuterslast month

    Indian Oil buys U.S. crude to part replace Iran cargoes

    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.

  • Reuters2 months ago

    Indian Oil sells naphtha from Paradip refinery for first time in more than a year

    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.

  • Are You An Income Investor? Don’t Miss Out On Indian Oil Corporation Limited (NSE:IOC)
    Simply Wall St.3 months ago

    Are You An Income Investor? Don’t Miss Out On Indian Oil Corporation Limited (NSE:IOC)

    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...

  • Does Indian Oil Corporation Limited’s (NSE:IOC) PE Ratio Signal A Buying Opportunity?
    Simply Wall St.3 months ago

    Does Indian Oil Corporation Limited’s (NSE:IOC) PE Ratio Signal A Buying Opportunity?

    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...

  • Simply Wall St.4 months ago

    Will Indian Oil Corporation Limited’s (NSE:IOC) Earnings Grow In The Next Couple Of Years?

    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...

  • Reuters4 months ago

    Saudi Arabia 'revisiting' policy on oil output cuts, India says

    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.

  • How Financially Strong Is Indian Oil Corporation Limited (NSE:IOC)?
    Simply Wall St.4 months ago

    How Financially Strong Is Indian Oil Corporation Limited (NSE:IOC)?

    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...

  • India's top fuel retailer trims petrol, diesel prices
    Reuters4 months ago

    India's top fuel retailer trims petrol, diesel prices

    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, ...

  • Reuters4 months ago

    Indian Oil to turn to traditional suppliers to meet Iran oil shortfall

    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.

  • Should You Buy Indian Oil Corporation Limited (NSE:IOC)?
    Simply Wall St.4 months ago

    Should You Buy Indian Oil Corporation Limited (NSE:IOC)?

    Indian Oil Corporation Limited (NSEI:IOC) saw significant share price volatility over the past couple of months on the NSEI, rising to the highs of ₹377.45 and falling to the lowsRead More...

  • Reuters4 months ago

    ADNOC set to supply first oil cargo for Indian emergency reserve

    Abu Dhabi National Oil Co (ADNOC) will supply the first oil cargo for India's strategic petroleum reserve (SPR) over the weekend, an Indian government statement said, becoming the first foreign company to lease storage in the country. India, hedging against energy security risks as it imports most of its oil needs, is building emergency storage in underground caverns to hold 36.87 million barrels of crude. ADNOC chief executive Sultan Al-Jaber and Indian oil minister Dharmendra Pradhan, who is visiting the UAE from May 12 to May 14, will wave off the first shipment of oil for the SPR at Mangalore in southern India, the statement added.

  • Reuters5 months ago

    Global crude oil price rise not supported by fundamentals, says Indian Oil head

    NEW DELHI (Reuters) - State-owned crude oil refiner Indian Oil Corp said the company has held back from increasing fuel prices in India. Fuel price movements are deregulated in India and move in line with ...

  • Reuters6 months ago

    Indian Oil plans $22 billion expansion over five years

    Refiners in India, the world's third-biggest oil consumer and importer, have sketched out plans to raise their capacity by 77 percent to about 8.8 million bpd by 2030 to meet the country's rising fuel demand. India is emerging as one of the global drivers for refined fuels consumption as its economic expansion and rising industrial activity yields infrastructure improvements and increased energy access for commercial and retail consumers. "There is a need for us to enhance our capacity to meet the future demand and enhance our capacity ... We have already made our plans for investment of 1.06 trillion rupees," B. V. Rama Gopal told a news conference.

  • What Does Indian Oil Corporation Limited’s (NSE:IOC) Share Price Indicate?
    Simply Wall St.8 months ago

    What Does Indian Oil Corporation Limited’s (NSE:IOC) Share Price Indicate?

    Today we’re going to take a look at the well-established Indian Oil Corporation Limited (NSEI:IOC). The company’s stock saw a decent share price growth in the teens level on theRead More...

  • Reuters8 months ago

    Indian Oil to boost Panipat refinery capacity by two thirds

    NEW DELHI (Reuters) - Indian Oil Corp Ltd plans to increase the capacity of its Panipat refinery by two thirds to 500,000 barrels per day (bpd) at a cost of 231.16 billion rupees rupees ($3.64 billion), ...

  • Reuters8 months ago

    India's IOC buys U.S. Light Louisiana Sweet oil via tender

    NEW DELHI (Reuters) - India's top refiner Indian Oil Corp has bought 2 million barrels of U.S. Light Louisiana Sweet (LLS) crude via a tender for April delivery, its head of finance A. K. Sharma said on ...

  • Reuters8 months ago

    India's 2017 oil demand growth posts lowest gain since 2013

    SINGAPORE/NEW DELHI (Reuters) - Indian oil consumption in 2017 grew at its slowest in four years, according to government statistics, hit by the government's demonetisation move and a tax increase that knocked the gain in fuel use back to a modest 2.3 percent. Last year's oil demand was held back "by headwinds from demonetisation and a new goods and services tax," U.S. bank Morgan Stanley said in a note to clients. India imports almost all of its oil, shipping in around 4.2 million barrels per day (bpd) of crude in 2017, according to trade flow data in Thomson Reuters Eikon.

  • Does Indian Oil Corporation Limited’s (NSE:IOC) Recent Track Record Look Strong?
    Simply Wall St.9 months ago

    Does Indian Oil Corporation Limited’s (NSE:IOC) Recent Track Record Look Strong?

    In this article, I will take a look at Indian Oil Corporation Limited’s (NSEI:IOC) most recent earnings update (31 March 2017) and compare these latest figures against its performance overRead More...

  • Reuters9 months ago

    IOC shuts FCCU at Paradip refinery after fire

    NEW DELHI (Reuters) - Indian Oil Corp has shut the fluidised catalytic cracking unit (FCCU) at its Paradip refinery, a company spokesman said. FCCU was shut after a fire broke out at a nearby facility ...

  • Reuters9 months ago

    Israel gives initial nod to Indian, Greek exploration companies

    Israel's Energy Ministry on Monday gave preliminary approval to bids from Greek and Indian energy companies to explore for oil and gas in the eastern Mediterranean. Israel had received bids from Greece's Energean and a consortium of Indian firms including ONGC Videsh, Bharat PetroResources, Indian Oil Corp and Oil India. Energean will be granted licenses to explore five offshore blocks, while the Indian group will receive the license for one block, the ministry said.

  • Reuters10 months ago

    Indian refiners turn to use dirty fuel to produce power, gas

    NEW DELHI/MUMBAI (Reuters) - Indian oil refiners are drawing up plans to use petroleum coke for power generation and to produce syngas after the government banned use of the heavily polluting fuel in and around New Delhi. The country's top refiner Indian Oil Corp (IOC) and other refiners have invested billions of dollars in recent years to install delayed coker units to produce high-valued added products such as gasoline and liquefied petroleum gas. The units produce petcoke as a byproduct, equivalent to 25-30 percent of a unit's capacity, which refiners sell to local industries.

  • Indian Oil Corp studies renewed Venezuelan crude purchases
    Reuters10 months ago

    Indian Oil Corp studies renewed Venezuelan crude purchases

    Indian Oil Corp is considering buying Venezuelan crude for the first time in at least six years, in a move that could help the crisis-struck South American nation settle unpaid bills with another state-owned Indian energy firm. Venezuela depends on oil for more than 90 percent of its export revenues. Venezuela's national oil company PDVSA has missed debt payments to ONGC Videsh, the foreign investment arm of Indian explorer Oil and Natural Gas Corp, for six month and wants to settle $449 million dues using existing and new Indian clients.