Oil and gas companies in India
65 listed companies in Oil, Gas & Consumable Fuels, part of Energy, largest first by market cap at the close on 27 Oct 2026; the largest is Reliance Industries.
- CompaniesListed companies. Companies classified in Oil, Gas & Consumable Fuels whose shares traded on the latest trading day.
- 65
- Market capMarket cap, added up. The market value of the 53 companies that filed the quarter to Jun 2026, added up: each company's share price today times its shares. Share price times the number of shares: what the whole company is worth at the day's price.
- ₹31,06,094 Cr
- Median P/EMedian price to earnings. The middle price-to-earnings among the 46 companies that filed the quarter to Jun 2026 that carry one, half above and half below: each company's market value today divided by its own last four quarters' profit.
- 14.5
- Median P/BMedian price to book. The middle price-to-book among the 49 companies that filed the quarter to Jun 2026 that carry one, half above and half below. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- 1.8
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 44 companies that filed both.
- +26.3%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 53 companies that filed it; a loss counts as negative.
- ₹40,090 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the sector's 66 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 53of 66
- Median ROCEMedian return on capital employed. The middle figure of the 60 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 10.6%year to Mar 2026
Revenue growth and profit by quarter
Revenue against the same quarter a year earlier, over the companies that filed both; profit after tax added up over the companies that filed the quarter. A quarter fewer than 60% of the sector filed is left out, and the newest is added once nearly as many companies have filed it as the one before.
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest Oil, Gas & Consumable Fuels companies, each sized by its market cap.
Market cap, ₹ crore
- Reliance Industries₹16,18,762 Cr
- Oil & Natural Gas Corporation₹2,89,158 Cr
- Coal India₹2,45,277 Cr
- Indian Oil Corporation₹1,86,047 Cr
- Bharat Petroleum Corporation₹1,28,246 Cr
- GAIL (India)₹1,08,936 Cr
- Hindustan Petroleum Corporation₹75,325 Cr
- Oil India₹74,393 Cr
- Adani Total Gas₹59,142 Cr
- Petronet LNG₹44,400 Cr
- Aegis Logistics₹42,124 Cr
- Mangalore Refinery and Petrochemicals₹33,201 Cr
Every Oil, Gas & Consumable Fuels company
- 7
Hindustan Petroleum CorporationHINDPETRO · Petroleum Products₹354.00+3.07%₹75,325 Cr52.401.0%6.85%−22.0% - 12
Mangalore Refinery and PetrochemicalsMRPL · Petroleum Products₹189.44+3.74%₹33,201 Cr7.5028.8%3.70%+26.5% - 14
Chennai Petroleum CorporationCHENNPETRO · Petroleum Products₹1,573.80+3.44%₹23,436 Cr4.1048.4%3.94%+104.4% - 21
Gulf Oil Lubricants IndiaGULFOILLUB · Petroleum Products₹1,055.40+0.49%₹5,230 Cr14.0022.9%4.83%−13.7% - 28
Gandhar Oil Refinery (India)GANDHAR · Petroleum Products₹314.90+4.88%₹3,082 Cr7.0035.6%0.87%+130.1%
About oil and gas companies in India
Oil and gas companies in India find and produce crude oil and natural gas, refine crude into fuels, move and sell petrol, diesel and gas, and mine coal. NSE's industry classification calls this the Oil, Gas and Consumable Fuels sector, within Energy, and this page ranks the listed companies by market cap.
Industries in the sector
The sector has four industries, and an industry filter narrows the table to any one. Petroleum Products covers refiners, fuel marketers and makers of lubricants. Oil covers explorers and producers, offshore drilling contractors, oil storage and transport, and oilfield equipment and services. Gas covers gas transmission and marketing, suppliers of LPG, CNG, piped gas and LNG, industrial gases and gas trading. Consumable Fuels covers the mining, trading and distribution of coal, coke and lignite.
Upstream, midstream and downstream
Upstream means finding and producing crude oil and gas from fields. Midstream means moving it, by pipeline, tanker or gas grid. Downstream means refining crude into petrol, diesel, aviation fuel and petrochemical inputs, and selling the products through retail outlets. A company can span all three, and its industry on this page follows the business that earns most of its revenue.
What drives these businesses
India imported 88.2% of the crude oil it used in the year to Mar 2025 and about 51% of its natural gas, so international crude and gas prices, and the rupee against the dollar, reach every company in the sector. Producers earn more when prices rise. Refiners earn the margin between the crude they buy and the products they sell, and fuel retailers' margins depend on how far pump prices move when crude moves.
The government shapes the sector directly. Crude oil, petrol, diesel, aviation fuel and natural gas stay outside GST until a date the GST Council proposes for bringing them in is notified, so petrol and diesel carry central excise duty and state VAT instead.
Coal miners in Consumable Fuels sell mostly to power plants, so their volumes follow electricity demand.