Oil and Natural Gas Corporation (ONGC)

Mission.: World Class • Dedicated to excellence by leveraging competitive advantages in R&D and technology with involved people. • Imbibe high standards of business ethics and organizational values. • Abiding commitment to safety, health and environment to enrich quality of community life. • Foster a culture of trust, openness and mutual concern to make working a stimulating and challenging experience for our people. • Strive for customer delight through quality products and services. Integrated In Energy Business • Focus on domestic and international oil and gas exploration and production business opportunities. • Provide value linkages in other sectors of energy business. • Create growth opportunities and maximize shareholder value. Dominant Indian Leadership • Retain dominant position in Indian petroleum sector and enhance Indias energy availability. Carbon Neutrality • ONGC will continually strive to reduce CO2 emissions across its activity chain with the objective of achieving carbon neutrality.

Mandate: Companys wholly-owned subsidiary mandated with international operations, ONGC Videsh Limited, has achieved a stellar landmark by achieving its higher-ever production of 14.833 MMToe for the year. This constitutes 23% of ONGC group production for the year, indicating the significance that the Group ascribes to its overseas operations. ONGC Videshs 2P reserves stand at 675.72 MMtoe at the end of the year, constituting 36% of ONGC group reserves. These two significant metrics establish that ONGC Videsh continues to be the second-largest E&P company of India, second only to its Parent. Consolidated revenue from operations and PAT for ONGC Videsh during FY19 stood at 146,320 Million and 16,823 Million as against 104,176 Million and 9,815 Million in FY 18, respectively.