Best Petroleum Stocks

Explore companies in oil extraction, refining, and fuel supply across India.

Name	Price (Rs)	Market Cap (Rs Cr)	ROE (%)	ROCE (%)	Debt/Eq (x)	Sales var 3yrs (%)	Profit var 3yrs (%)	P/E (x)	P/BV (x)	EV/EBITDA (x)
Reliance Industries	1,326.50	17,95,091.26	8.93	9.17	0.41	6.33	6.59	22.22	1.99	10.72
Oil And Natural Gas Corporation	247.25	3,11,047.40	11.14	12.53	0.38	-1.11	-1.33	7.51	0.84	4.38
Indian Oil Corporation	141.70	2,00,097.95	19.17	19.76	0.60	-2.32	62.60	4.75	0.91	3.94
Bharat Petroleum Corporation	315.50	1,36,879.85	25.79	25.59	0.43	-1.28	90.90	5.30	1.37	3.28
GAIL (India)	171.25	1,12,598.58	8.51	7.83	0.22	-0.94	10.53	14.85	1.26	8.34
Hindustan Petroleum Corporation	400.30	85,176.74	27.52	22.23	0.78	0.08	37.25	4.72	1.30	3.71
Adani Total Gas	706.65	77,718.08	13.47	13.51	0.45	10.42	6.26	118.52	15.98	46.84
Oil India	436.20	70,952.63	11.41	9.07	0.62	-2.03	-8.81	10.72	1.22	9.17
Petronet LNG	274.00	41,100.00	17.55	21.25	0.00	-10.12	5.56	10.50	1.84	4.38
Mangalore Refinery And Petrochemicals	174.40	30,565.32	13.55	19.29	1.01	-6.61	-10.15	9.73	2.15	7.03
Gujarat Energy	280.45	26,312.68	9.09	12.20	0.17	12.11	6.14	25.64	1.43	8.60
Indraprastha Gas	153.30	21,462.02	13.46	13.92	0.00	4.55	-1.86	13.85	1.87	7.90
Chennai Petroleum Corporation	1,198.65	17,849.26	27.92	32.88	0.18	-6.05	-4.22	5.75	1.61	3.13
Vedanta Oil and Gas	35.67	13,948.35	0.00	28.23	0.00	-12.06	NM	0.00	NM	0.00
Mahanagar Gas	1,099.00	10,855.68	13.08	16.52	0.00	9.39	2.11	12.92	1.69	5.77
Deep Industries	478.00	3,059.20	9.00	16.01	0.10	37.67	68.87	17.00	1.53	7.10
Antelopus Selan Energy	817.65	2,875.05	13.67	15.86	0.00	33.22	42.68	32.08	4.39	11.65
Confidence Petroleum India	73.05	2,427.02	6.54	9.90	0.35	28.66	1.10	26.13	1.71	4.35
Prabha Energy	148.00	2,118.30	0.13	0.10	0.38	NM	NM	3,727.96	4.87	2,327.26
Hindustan Oil Exploration Company	155.30	2,053.74	4.53	2.90	0.04	-22.20	-47.28	32.74	1.49	12.53
Asian Energy Services	356.40	1,732.50	10.35	14.73	0.32	93.05	16.51	33.87	3.48	10.39
Jindal Drilling & Industries	589.40	1,708.15	11.56	11.68	0.05	24.84	30.34	8.11	0.94	3.40
Gujarat Natural Resources	99.50	1,526.36	4.74	6.45	0.06	31.88	16.86	154.50	7.33	64.15
Dolphin Offshore Enterprises (India)	377.25	1,509.17	19.39	13.32	0.57	NM	99.89	22.02	4.27	19.83
IRM Energy	261.00	1,071.66	5.33	8.40	0.05	5.78	-5.55	20.14	1.07	3.97

Data Source: Dion Global
Note: Company data is consolidated; Exceptional items, minority interest excluded

Jul 17, 2026, 04:01 PM IST

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The largest company, by revenues, in the Petroleum sector is Reliance Industries. Its revenues for the most recent year ended is Rs 10,57,219.00 cr.

Reliance Industries has a market capitalisation of Rs 17,95,091.26 cr. Over the previous 12 months, Reliance Industries’s share price declined 10.20%.

You can get the latest share price and detailed financials of Reliance Industries here.

Also, you can see the latest share price performance of all petroleum stocks here.

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Why Use This Screener?

This screener helps you look for companies operating in crude oil refining, fuel distribution, and other petroleum by-products.

Refining Margins Drive Profits

Gross refining margins (GRMs) fluctuate with global demand and product line-ups.

Retail Dealer Volume is Key

Large dealer networks improve pricing power and help maintain stable cash flows.

Crude Price Impacts All Segments

Exploration and refining companies gain or lose based on global oil cycles.

Public vs Private Strategies Differ

State-run firms focus on energy security, while private players may target exports and higher-value products.

FAQs on Best Petroleum Stocks

What is the value chain in petroleum?

The petroleum value chain includes upstream (exploration), midstream (transport/storage), and downstream (refining/retailing).

Are petrol and diesel prices market-driven?

They are deregulated but often influenced by global crude prices and government taxes.

How do refining margins affect profitability?

Gross refining margin (GRM) is the difference between the crude oil cost price and the fuel selling price. That is why it has a large impact on the refiners’ profits.

Source: Dion Global

Best Mutual Funds Invested in the Petroleum Sector

Mutual Fund Name	Weightage (%)	Top Stock Holding	1Y Return (%)
DSP Natural Resources and New Energy Fund	45.43	Bharat Petroleum Corporation	19.55
Motilal Oswal BSE Enhanced Value Index Fund	31.69	Bharat Petroleum Corporation	7.33
SBI PSU Fund	24.64	GAIL (India)	7.22