Energy Maharatna Oil and Natural Gas Corporation (ONGC) has moved up an impressive 32 places to claim the 158th spot in the 2023 edition of the prestigious Fortune Global 500 rankings. It secured the 190th position in the coveted list in 2022.

During the period under review, Fortune considered ONGC Revenue of USD 78,746 Million, up from USD 65,962 Million last year, an impressive growth of 41.6 percent. ONGC realized USD 91.90 per barrel for crude sold in the domestic market in FY’23 compared to USD 76.62 per barrel in FY’22. ONGC has reversed the declining trend in domestic crude oil production also.

Notes to Editors:

Fortune, a global media entity, unveiled the 69th iteration of its 2023 Fortune Global 500 list on 2 August 2023. This annual compilation ranks the world's top 500 corporations based on total revenue for the FY 2022-23, offering insights into the largest entities on the global economic stage. Eight Indian companies earned spots on the Fortune Global 500 list for this year, further demonstrating India's expanding economic prominence.

 
Issued By:
Oil and Natural Gas Corporation Ltd
Corporate Communications, New Delhi,
Phone: +91-11-26754013
Mail: ongcdelhicc@ongc.co.in