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Oil India Limited (OIL) was initially formed as a joint venture between the Burmah Oil Company Limited (BOC) and Government of India. The first oilfield in India was discovered in Digboi, Assam, as early as 1887, by a predecessor of Assam Oil, a subsidiary of BOC. (Corley, T A B, 1983, The History of the Burmah Oil Company, 1886–1983).
Dividend paying stocks like Oil India Limited (NSE:OIL) tend to be popular with investors, and for good reason - some...
In May 2018, IOCL became India's most profitable government corporation for the second consecutive year, with a record profit of ₹21,346 crores in 2017–18. [16] In February 2020, the company signed a deal with the Russian oil company Rosneft to buy 140,000 barrels per day of crude in year 2020. [17]
In January 2014, OVL and Oil India completed the acquisition of Videocon Group's ten percent stake in a Mozambican gas field for a total of $2.47 billion. [16] In June 2015, Oil and Natural Gas Corporation (ONGC) gave a ₹ 27bn ($427m) offshore contract for the Bassein development project to Larsen & Toubro (L&T). [17]
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Shareholders were also paid in the form of dividends. In 2023, ExxonMobil was the third-largest dividend payer in the S&P 500, ... Despite his mixed record with oil and gas companies, though ...
The Numaligarh Refinery is a division of Oil India Limited which is under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is located at Numaligarh, Golaghat district, Assam in India. Numaligarh Refinery Limited (NRL) was a division of BPCL. It opened in 1999. [3]
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