India, Sri Lanka, Middle East, Mauritius, & Worldwide.
Key people
Shrikant Madhav Vaidya (Chairman)[1]
Products
LNG
Lubricants
Natural gas
Petrochemicals
Petroleum
Revenue
₹885,078 crore (US$110 billion) (2024)[2]
Operating income
₹57,288 crore (US$7.2 billion) (2024)[2]
Net income
₹43,161 crore (US$5.4 billion) (2024)[2]
Total assets
₹482,362 crore (US$60 billion) (2024)[2]
Total equity
₹188,163 crore (US$24 billion) (2024)[2]
Owner
Ministry of petroleum, Government of India[3]
Number of employees
30,439 (2024)[2]
Divisions
IndianOil (Mauritius) Limited
Lanka IOC PLC
IOC Middle East FZE
Subsidiaries
Indane (LPG)
Chennai Petroleum Corporation Limited
Petronet LNG
Website
www.iocl.com
Indian Oil Corporation Limited (IOCL or IOC; doing business as IndianOil) is an Indian oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Headquartered in New Delhi,[4] it is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. Indian Oil is ranked 94th on the Fortune Global 500 list of the world's biggest corporations as of 2022.[5] It is the largest government owned oil producer[6] in the country both in terms of capacity and revenue. It has consolidated refining capacity of 80.55MMTPA which it intends to increase to 107MMTPA by 2024-25.[7] As of 31 March 2021, Indian Oil's employee strength is 31,648, out of which 17,762 are executives and 13,876 non-executives, while 2,776 are women, comprising 8.77% of the total workforce.[8][9][10]
Indian Oil's business interests overlap the entire hydrocarbon value chain, including refining, Pipeline, marketing of petroleum products, exploration and production of Petroleum, natural gas and petrochemicals.[11] Indian Oil has ventured into renewable energy and globalisation of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC),[12] Mauritius (IndianOil (Mauritius) Ltd),[13] and the Middle East (IOC Middle East FZE).[14]
^"Shrikant Madhav Vaidya has taken over as the new chairman of Indian Oil Corporation Ltd". The Times of India. Archived from the original on 30 November 2020. Retrieved 2 July 2020.
^"Latest Shareholding Pattern - Indian Oil Corporation Ltd". trendlyne.com. Archived from the original on 13 August 2021. Retrieved 13 August 2021.
^Annual report 2017-2018(PDF). Mumbai: Indian Oil Corporation. Archived (PDF) from the original on 18 October 2016. Retrieved 11 October 2018.
^"Fortune Global 500 list". Archived from the original on 7 August 2019. Retrieved 10 August 2021.
^Lee, Mordecai; Neeley, Grant; Stewart, Kendra B. (20 July 2021). The practice of government public relations. Routledge. ISBN 978-1-000-39496-2. OCLC 1263816753. Archived from the original on 8 May 2022. Retrieved 8 May 2022.
^"India plans 77% rise in refining capacity by 2030".
^Annual Report 2020-21. "Financial Performance : Oil and Energy News". iocl.com. Archived from the original on 3 September 2021. Retrieved 3 September 2021.{{cite web}}: CS1 maint: numeric names: authors list (link)
^"Indian Oil Corporation Ltd Management Discussions". IIFL Securities. Archived from the original on 13 June 2021. Retrieved 27 May 2021.
^"Annual Report 2019-20" (PDF). IOC - official website. Indian oil corporation. Archived (PDF) from the original on 13 June 2021. Retrieved 27 May 2021.
^"IOC stock page". Reuters. Retrieved 17 September 2017.
^"IndianOil Corporation | Lanka IOC PLC". www.iocl.com. Archived from the original on 16 September 2017. Retrieved 17 September 2017.
^"IndianOil Corporation | IndianOil (Mauritius) Ltd". www.iocl.com. Archived from the original on 16 September 2017. Retrieved 17 September 2017.
^"IndianOil Corporation | Group Companies". www.iocl.com. Archived from the original on 16 September 2017. Retrieved 17 September 2017.
and 29 Related for: Indian Oil Corporation information
IndianOilCorporation Limited (IOCL or IOC; doing business as IndianOil) is an Indianoil and gas company under the ownership of the Ministry of Petroleum...
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural...
India, arranged in decreasing order of their capacity. As a group, IndianOilCorporation has the largest refining capacity, with nine refineries located...
and IndianOilCorporation fell to third place. Reliance Industries continued on top place in the 2020 Fortune India 500 rankings, while IndianOil Corporation...
Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL), is a subsidiary of IndianOilCorporation Limited which is...
Nepal OilCorporation Limited (NOC) (Nepali: नेपाल आयल निगम लिमिटेड) is a monopoly state owned trading enterprise of Nepal that imports, stores and distributes...
The National OilCorporation (NOC; Arabic: المؤسسة الوطنية للنفط) is the national oil company of Libya. It dominates Libya's oil industry, along with...
The Jaipur oil depot fire broke out on 29 October 2009 at 7:30 PM (IST) at the IndianOilCorporation (IOC) oil depot's giant tank holding 8,000 kilolitres...
Gujarat State Petroleum Corporation Ltd (GSPCL) is a state government-owned group of oil and gas exploration, production and distribution companies based...
Assam: Brahmaputra Valley Fertilizer Corporation Limited (BVFCL), ASEB, NEEPCO, IndianOilCorporation's retail Assam Oil Division, and APL as well as to the...
a consortium of major oil companies, several of which were daughter corporations of John D. Rockefeller's original Standard Oil monopoly. In 1959, the...
Digboi Oil Refinery was set up at Digboi in 1901 by Assam Oil Company Ltd. The IndianOilCorporation Ltd (IOC) took over the refinery and marketing management...
Offshore OilCorporation, or CNOOC Group (Chinese: 中国海洋石油总公司; pinyin: Zhōngguó Háiyáng Shíyóu Zǒnggōngsī), is the third-largest national oil company in...
service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. In 2019, the global oilfield services market was...
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of...
Marathon OilCorporation is an American company engaged in hydrocarbon exploration incorporated in Ohio and headquartered at 990 Town and Country Boulevard...
ExxonMobil Corporation (/ˌɛksɒnˈmoʊbəl/ EKS-on-MOH-bəl; commonly shortened to Exxon) is an American multinational oil and gas corporation and the largest...
Malaysia and Thailand). In 1919, British oil entrepreneur Lord Cowdray formed the Amerada Corporation to explore oil production in North America. The firm...
Refinery". IndianOilCorporation Ltd. Archived from the original on 2018-12-14. Retrieved 2018-12-11. "Digboi Refinery". IndianOilCorporation Ltd. Archived...
companies only involved in refining and marketing. Energy portal List of largest oil and gas companies by revenue List of oilfield service companies...
Refinery is the first Public Sector refinery of India and belongs to IndianOilCorporation Limited. The refinery was inaugurated by Late Pandit Jawahar Lal...
Barauni Refinery is an oil refinery located in Begusarai city in the state of Bihar, operated by IndianOilCorporation (IOCL). It was the dream project...
known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and...
Gas Geological Survey of India Hindustan Petroleum IndianOilCorporationOil & Natural Gas Corporation Reliance Industries Shell Steel Authority of India...
Global Information
₹885,078 crore (US$110 billion) (2024)[2]