Oil India (OIL) Investor Day 25/26 summary

Financial performance and growth

• Consolidated income reached INR 38,981 crore in FY26, up 3% YoY, with EBITDA at INR 8,753 crore and PAT at INR 7,551 crore, a 7% increase; market capitalization rose 32% to INR 82,000 crore as of May 2026.

• Dividend of INR 11.5 per share maintained, with a total payout of INR 9,028 crore over five years and a payout ratio above 30%.

• Debt-equity ratio held steady at 0.27:1; net debt for Oil India at INR 1.4 billion and NRL at INR 18,000 crore drawn (peak INR 28,000 crore).

• Stock delivered a 32% return, outperforming the BSE Oil & Gas index; credit ratings remain strong (CRISIL AAA, Moody’s Baa3, Fitch BBB-), with government holding 56.66%.

• Total contribution to the exchequer over five years was INR 50,687 crore.

Strategic initiatives and expansion

• Upstream production target set at 10-12 MMTOE by 2030, with 100 wells planned for FY27 and focus on offshore expansion through partnerships.

• Numaligarh Refinery expansion from 3 to 9 MMT on track, with full commissioning by March 2027; CapEx for expansion and petchem at INR 46,000 crore.

• Major pipeline expansions: Numaligarh-Siliguri product pipeline to 5.5 MMTPA, DNPL gas pipeline to 2.5 MMSCMD, and Duliajan Feeder Line authorized for 3.5 MMSCMD.

• Actively pursuing overseas asset acquisitions in Latin America, Canada, Australia, and Africa to diversify energy sources.

• Mozambique LNG project force majeure lifted; $1.8 billion committed, with $300 million additional CapEx expected.

Operational achievements and future outlook

• Achieved highest daily crude oil production in a decade and record drilling and workover activity in FY26, with 74 wells drilled.

• NRL delivered its best operational year with 103% capacity utilization and 87% distillate yield; 3x capacity expansion underway.

• Mechanical completion of key pipeline expansions and new gas discovery in Libya.

• Reserve replacement ratio improved to 1.2 from 0.94.

• CSR initiatives impacted over 2 lakh individuals in FY26, with cumulative spend of ~INR 650 crore over five years.