Oil and Natural Gas Corporation Limited (ONGC.NS)
- Simply Wall St.
Exploring VST Industries And Two Other Noteworthy Dividend Stocks In India
Over the past week, India's market has experienced a 2.1% decline, yet it still boasts an impressive 45% increase over the last year with earnings projected to grow by 18% annually. In this climate, a good stock could be one that offers consistent dividends - like VST Industries and two other noteworthy companies we will explore in this article.
- Reuters
UPDATE 3-New York pension fund to divest some Exxon holdings
The New York State Common Retirement Fund will restrict its investments in eight integrated oil and gas companies, including the divestment of a small share of its holdings in Exxon Mobil, New York Comptroller Thomas DiNapoli, who oversees retirement assets, said on Thursday. The move amounts to a compromise measure by the third-largest U.S. state pension fund as it and other big investors face calls from environmental groups to more fully divest from fossil fuels, something few have done. The New York State fund had holdings of nearly $26.8 million as of Dec. 31, 2023 from the companies to be divested and restricted, which include Guanghui Energy Company , Echo Energy, IOG, Oil and Natural Gas Corp, Delek Group, Dana Gas, and Unit Corp.
- Reuters
India's ONGC Videsh to get some oil from Venezuela in lieu of $600 million dividend
NEW DELHI (Reuters) -Venezuela has agreed to give some oil to India's ONGC Videsh to help it recoup its pending $600 million dividend for a stake in a project in the South American nation, India's oil secretary said on Wednesday. Indian refiners have resumed purchase of Venezuelan oil following the easing of U.S. sanctions on the South American country last year. ONGC Videsh (OVL), the overseas investment arm of India's top explorer Oil and Natural Gas Corp, holds 40% stake in the San Cristobal field in eastern Venezuela's Orinoco Heavy Oil belt, with Venezuela's state oil company PdVSA holding the remainder.
