Mumbai, Nov. 11 -- On a standalone basis, ONGC's net profit has fallen by 17.8% to Rs 9,848 crore in Q2 FY26 from Rs 11,984 crore recorded in Q2 FY25.

Gross revenue for the period under review added up to Rs 33,031 crore, down 2.5% YoY.

The nominated crude oil price realization was Rs 5,876 per barrel in the second quarter, which is lower by 10.4% as compared with the same period last year. The company's JV recorded realization of Rs 5,965 per barrel (down 8.6% YoY).

In Q2 FY26, a notable divergence in gas pricing was observed: Nomination gas prices rose 3.8% YoY to reach $6.75 per million metric British thermal units (MMBTU), while new well gas prices fell sharply by 11.3% YoY to $8.36 per MMBTU.

The company stated that gas from new ...