What will happen to oil companies in the future electric cars?
Both independent and oil company forecasters expect that aggressive electric vehicle adoption would cause oil use for transportation to crumble. IHS’s low-carbon policy scenario projects that U.S. oil demand for transportation could drop to 7 million b/d in 2050.
What is the future of IOCL in India?
NEW DELHI: Indian Oil Corp (IOC), the nation’s largest oil company, plans to nearly double refining capacity to 150 million tonnes by 2030 to meet fast expanding energy needs of the country, its Chairman B Ashok said. The company has capacity at refineries to produce 80.7 million tonnes per annum of fuel currently.
Should we buy IOC shares?
All in all, looking at valuations, dividend yields, solid track record and an impeccable retail fuel network, IOC remains a good pick.
Why are oil marketing companies in India in news?
In this blog, we will do a comparative analysis of oil marketing companies in India. Recently, these companies were in news because of Government of India planning to divest their stakes in these companies. Also they are garnering a lot of attention from retail investors because of this news.
What is the market share of iaiocl in crude oil?
IOCL Market shares – 51\% in Crude & Product Pipeline , 42\% in Petroleum and oil lubricants. All these companies are Government of India controlled “Maharatna Companies” and are engaged in refining of crude oil & marketing of petroleum products. Let’s have a look at the comparative analysis of these companies on following parameters. 1.
What is the difference between Esso and HPCL?
It has its headquarters in Mumbai and was renamed as ESSO India later. HPCL is basically merger of ESSO India and Lube India in 1974. It has about 25\% market-share in India among public-sector companies and a strong marketing infrastructure. It has second largest market share in product pipelines in India.
Should I invest in BPCL or HPCL?
However, BPCL and HPCL look good in terms of interest coverage ratio. Usually interest coverage ratio above 2.5 x is preferable. Being PSU companies, dividend yield is better as compared to private companies. 4. Sales Growth Overall the sales growth of companies is flat over the years (3,5 and 10).