ONGC features in Forbes Global 2000 list

Oil and Natural Gas Corporation (ONGC) is ranked at 176th among 2000 top global companies. The company has moved up two places to 21st place in the global oil and gas operation industry. ONGC is third among 54 Indian companies which made it to the list. The Forbes ‘Global 2000’ is a comprehensive list of the world’s largest and most powerful public companies, as measured by revenues, profits, assets and market value. ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.