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 since April 2025.

• Dividend of INR 11.5 per share maintained, with a payout ratio above 30%, matching last year despite lower crude prices.

• Total contribution to the exchequer over five years exceeded INR 50,000 crore, with INR 9,028 crore paid as dividends.

• Debt exposure stands at INR 1.4 billion for Oil India and INR 18,000 crore drawn for NRL, with peak NRL debt expected at INR 28,000 crore.

• Credit ratings remain strong (CRISIL AAA, Moody’s Baa3, Fitch BBB-), with government holding 56.66% of shares.

Strategic initiatives and expansion

• Targeting 10-12 MMTOE oil equivalent production by 2030, with 100 wells planned for FY27 and 4 MMT oil production targeted for the current year.

• NRL refinery expansion from 3 to 9 MMT on track for full commissioning by March 2027; CapEx for expansion and polypropylene unit totals INR 46,000 crore.

• Major midstream and downstream expansions include 2x gas pipeline, 3x product pipeline, and 3x refining capacity, with 1.8x petchem portfolio growth.

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

• International presence in five countries with $3.4 billion committed investments and nearly $1 billion dividend recovered from Russian assets.

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 highest ever distillate yield; GRM improved 1.6x over previous year.

• Force majeure lifted on Mozambique LNG project; $1.8 billion committed with an additional $300 million expected for cost escalation; new gas discovery in Libya.

• Mechanical completion of key pipeline expansions, including Numaligarh-Siliguri product pipeline to 5.5 MMTPA and Duliajan-Numaligarh gas pipeline to 2.5 MMSCMD.

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