Oil and Natural Gas Corporation Limited (ONGC), a leading player in the crude petroleum industry, is headquartered in India. Established in 1956, ONGC has significantly contributed to the nation’s energy sector, focusing on crude oil extraction and related services, excluding surveying. With major operational regions across India, including offshore and onshore fields, the company has achieved numerous milestones, enhancing its market position.
ONGC's core services encompass exploration, production, and refining of crude oil, distinguished by its commitment to innovation and sustainability. The company is recognised for its substantial reserves and production capabilities, making it a key contributor to India's energy security. With a strong emphasis on technological advancement, ONGC continues to solidify its status as a leader in the oil and gas sector, driving growth and development in the industry.
+9 vs industry average
Oil And Natural Gas’s score of 25 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Oil And Natural Gas's reported carbon emissions
Oil And Natural Gas, headquartered in India and operating in the crude petroleum and services related to crude oil extraction industry, has reported significant carbon emissions. For the fiscal year 2024, the company's Scope 1 emissions were approximately 8,961,199,000,000 kg CO2e, and its Scope 2 emissions were about 402,000,000,000 kg CO2e. Scope 3 emissions for the same year totalled approximately 19,350,000,000 kg CO2e. The overall sum of Scope 1, 2, and 3 emissions for 2024 is approximately 9,382,749,000,000 kg CO2e.
In fiscal year 2023, Scope 1 emissions were approximately 8,545,142,000,000 kg CO2e and Scope 2 emissions were about 351,444,000,000 kg CO2e.
Oil And Natural Gas has set ambitious climate commitments. The company aims to achieve Net Zero operational emissions (Scope 1 and Scope 2) by 2038, using fiscal year 2021-22 as a baseline. Additionally, they have a long-term goal to achieve Net Zero carbon emissions across all scopes by 2038.
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Oil And Natural Gas’s Climate Goals (2030 & 2050)
2 goals2038
1% reduction in all scopes
Net Zero operational emission (Scope-1 and Scope-2) by 2038 (from baseline year of FY 2021-22)
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Oil And Natural Gas
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