Table of Contents
Oil and gas companies play a vital role in India’s economic growth and are the backbone of this country’s prosperity. Many Indian oil and gas companies are at the forefront of this growth, providing business opportunities for raw material suppliers and serving as important fuel suppliers. Most of these companies are Public Sector Undertakings (PSUs) organized by the Government of India. This comprehensive guide examines India’s top 10 oil and gas companies, highlighting each company’s unique contribution and expertise in shaping the country’s energy landscape.
Get Certified! Get Confident! Join our Oil and Gas Course! Today!
Top 10 Oil and Gas Companies in India
1. Indian Oil Corporation
Indian Oil Company Limited (IndiaOil) is the national oil and gas company of India with its headquarters in New Delhi. The company is ranked 88th in the world by Fortune Global 500 and is ranked by revenue among Indian public companies. Oil and gas companies operate the largest and most extensive network of petrol pumps across India with a total of around 20,575 locations. Other brands of the company include: AutoGas – Automotive Natural Gas, Xtra Premium – Automotive Premium Gasoline, Xtra Mile – Automotive Premium Diesel, IndaneGas – Domestic and Industrial Gases, and Servo – Lubricants and Greases.
The first rank is Indian Oil Company. This company was established in 1959. The head office is located in New Delhi, India. The company has $28 billion in sales and more than 35,000 employees. It is also a public sector company and its operations are spread across the globe. It also has branches in Sri Lanka, Mauritius and UAE.
IOCL Pay Scale 2024
| Designation | Level | Pay Scale (INR) |
|---|---|---|
| Assistant Officer | A0 | 50,000 – 1,60,000 |
| Officer | A | 60,000 – 1,80,000 |
| Assistant Manager | B | 70,000 – 2,00,000 |
| Deputy Manager | C | 80,000 – 2,20,000 |
| Manager | D | 90,000 – 2,40,000 |
| Senior Manager | E | 1,00,000 – 2,60,00 |
| Chief Manager | F | 1,20,000 – 2,80,000 |
| Dy. General Manager | G | 1,20,000 – 2,80,000 |
| General Manager | H | 1,20,000 – 2,80,000 |
2. ONGC
This oil and gas company is ranked 3rd in this list and 8th worldwide. With a huge annual turnover of over $6.5 billion, it is recognized as one of the most trusted industries in India. The oil and gas company is in the public sector and has provided job opportunities for more than 33,000 applicants.
This company operates in the field of hydrocarbon development in 26 sedimentary basins in the country and operates more than 11,000 km of pipelines. ONGC (Oil and Natural Gas Corporation) headquarters situated in Dehradun, Uttarakhand. Founded in 1956, the company has sales of $6.5 billion. More than 33,000 employees are worked in this company and is one of the largest players in the oil and gas sector in the country. It is the largest government among all the governments active in the oil and gas sector. It is a Fortune Global 500 company and ranked 17th among the 250 Global Energy Companies by Platts.
ONGC Post-wise Salary
The salary structure for ONGC posts is shown in the table below.
| Post | Level | Salary Range |
|---|---|---|
| Executive Director | E-9 | INR 150000-300000 |
| Group General Manager | E-8 | INR 120000-280000 |
| Chief General Manager | E-7 | INR 120000-280000 |
| General Manager | E-6 | INR 120000-280000 |
| Deputy General Manager | E-5 | INR 100000-260000 |
| Chief Manager/Chief Geophysicist/Chief Geologist/Chief Chemist/Chief Engineer | E-4 | INR 90000-240000 |
| Manager/Superintending Geophysicist/Superintending Geologist/Superintending/Chemist Superintending Engineer | E-3 | INR 80000-220000 |
| Senior (**) Officer/Assistant Executive Engineer/Senior Geologist/Senior Chemist | E-2 | INR 70000-200000 |
| (**) Officer/Assistant Executive Engineer/Geophysicist/Geologist/Chemist | E-1 | INR 60000-180000 |
| Assistant (**)Officer/Assistant Engineer/Personal Secretary | E-0 | INR 50000-160000 |
| Chief Superintendent/Senior Foreman | S-IV | INR 32000-56000 |
| Senior Superintendent/Senior Foreman | S-III | INR 28000-52500 |
| Superintendent/Foreman | S-II | INR 24000-48500 |
| Assistant Superintendent/Assistant Foreman | S-I | INR 20000-45000 |
| Junior Engineer/Junior Superintendent/Junior Accountant | A-V | INR 16000-36000 |
| Topman/Chargeman/Assistant Grade I | A-IV | INR 15000-35000 |
| Junior Technician/Rig man/Assistant Grade-II | A-III | INR 13500-31000 |
| Assistant Junior Technician/Assistant Rig man/Assistant Grade III | A-II | INR 12000-27000 |
| Junior Assistant Technician/Junior Assistant | A-I | INR 11000-24000 |
| Head Worker | W-VII | INR 20000-45000 |
| Deputy Head Worker | W-VI | INR 15000-35000 |
| Senior Worker | W-V | INR 13500-31000 |
| Attendant Grade -I | W-IV | INR 12000-27000 |
| Attendant Grade -II | W-III | INR 11000-24000 |
| Attendant Grade -III | W-II | INR 10500-21000 |
| Junior Attendant | W-I | INR 10000-18000 |
3. Bharat Petroleum
Bharat Petroleum Company is ranked fourth in this list with a significant turnover of more than 40 billion dollars. It is a highly recommended company as it is headquartered in Bangalore and has quite affordable prices compared to its competitors. The company aims to provide the highest quality oil, gas and petroleum products to India and abroad, which have been tested through complete manufacturing processes. It is part of the public sector industry with more than 14,000 employees. Bharath Petroleum headquarters situated in Mumbai, Maharashtra.
With $40 billion in sales and more than 15,000 employees, the company is known for its oil, gas and petroleum industries. The company has two major refineries in Mumbai and Cochin. The company was included in the global list of Fortune 500. S. Varadarajan is the CEO and Chairman of the Board of Directors of the company. This is another project of the Indian government.
Bharat Petroleum Corporation Limited Salary
4. Reliance Petroleum Limited
Reliance Petroleum Limited, headquartered in Ahmedabad, has dominated the oil and gas sector for decades. This company has the title of the most versatile and customer-oriented company in the country as well as the world. We also help our clients by sharing the possibility of finding the most practical oil and gas capital for their business. Apart from supplying petroleum and other LPG products, we also speak to a wide audience platform across the globe. The company is part of a public sector and employs more than 10,000 people. Reliance Company Limited subsidiary was established in 1387.
The company is headquartered in Ahmedabad, Gujarat and has sales of $670 million. The company has more than 10,000 employees. Mukesh Ambani is a key person in this company. Reliance Petroleum Limited benefits from its partnership with Singapore’s Chevron India Holdings Pte Limited. Jamnagar refinery is the largest refinery in the country and oil source of Reliance Petroleum Limited.
Reliance Petroleum Limited salary
- Manager – ₹ 8,58,666 per year
- Senior Manager – ₹ 13,14,849 per year
- Deputy Manager – ₹ 9,35,364 per year
- Management Trainee – ₹ 16,87,298 per year
- General Manager – ₹ 19,66,341 per year
- Shift Manager – ₹ 10,66,244 per year
- Senior Operations Manager – ₹ 8,09,917 per year
- Team Leader – ₹ 10,78,210 per year
- Manufacturing Specialist – ₹ 33,005 per month
- Communication Specialist – ₹ 12,928 per month
Essar Oil has been making a name for itself in India for decades as it is actively involved in exploration and production of oil and natural gas, refining of crude oil and promotion of petroleum products. It is basically a stock of Essar Group which is headquartered in Mumbai.
Basically, the company operates a large refinery at Badinar in Gujarat, which in 2009 became India’s second largest private refinery. This company is engaged in crude oil exploration and natural gas sales.
The headquarters of Essar Oil company is situated in Mumbai. With $9 billion in sales and more than 75,000 employees, the company provides superior customer service. The company is chaired by Ravi Ruia and Lalit K. Gupta is its managing director and managing director. The company’s main refinery is located in Badinar, Gujarat, making it the largest non-government refinery in the country.
Essar Oil Limited Salary
Average salaries at Essar Energy Oil & Gas range from about Rs 3,969,111 per year for mechanical engineers to Rs 14,64,301 per year for managers.
6. Cairn India
The company was established in 2007 and is headquartered in Gurgaon, Haryana. The company’s sales are 3.4 billion dollars. This company with more than 2000 employees is one of the emerging companies in the oil and natural gas sector. Cairn India is ranked fifth in the list of top oil and gas companies with sales of approximately $3.4 billion or more. This oil and gas company stands out from the rest due to its extremely wide range of activities. As a public sector company, we are engaged in producing the best oil, gas and petroleum products for various government agencies in India and abroad. The company employs a large workforce of over 2000 people and is headquartered in Gurgaon, Haryana.
The CEO of this company is Mayank Ashar and its president is Navin Agarwal. The company operates in India and also has stakes in Sri Lanka and South Africa. This company is one of the 10 largest oil and gas companies in India in 2024.
Cairn India Salary
7. Gas Authority of India
GAIL (Gas Corporation of India) is also a state-owned oil and natural gas company. Gas Corporation of India’s head office is situated in New Delhi. The company has over 4,000 employees and $8 billion in sales. This company is rightly tied to its name as it has a huge influence over other similar industries in the list of best oil and gas companies in India. Its annual revenue is more than 10 billion dollars and it is known as the most politically polluted company in India. Headquartered in New Delhi, it is known worldwide for its supply of highly affordable oil, gas and petroleum products. The company is primarily a public sector company and employs a total of over 4,700 people.
In 2013, from the Government of India the company received the Maharatna certificate. This company was established in 1984. Shri B. C. Chairman and Managing Director of the country is Tripathi. It is one of the most reliable brands in the country.
Gas Authority of India salary
| Grade | Pay scale w.e.f (1.1.2017) | Designation |
| E-9 | 150000 – 300000 | Executive Director |
| E-8 | 120000 – 280000 | Chief General Manager |
| E-7 | 120000 – 280000 | General Manager |
| E-6 | 100000 – 260000 | Dy. General Manager |
| E-5 | 90000 – 240000 | Chief Manager |
| E-4 | 80000 – 220000 | Sr. Manager |
| E-3 | 70000 – 200000 | Manager |
| E-2 | 60000 – 180000 | Sr. Engineer /Sr. Officer |
| E-1 | 50000 – 160000 | Engineer / Officer |
Get Certified! Get Confident! Join our Oil and Gas Course!
8. Hindustan Petroleum Corporation
Hindustan Petroleum Corporation is India’s state-owned oil and natural gas company, headquartered in Mumbai, with Navratna status. In 2013, the company was ranked 260th in the Fortune Global 500 ranking of the world’s largest companies, and in 2012 it was ranked 4th among Indian companies, increasing its popularity. It has a marketing share of nearly 20% among PSUs in the country and maintains a strong marketing infrastructure. This oil and gas company is a Navratna oil and gas company of the Government of India and is involved in the refining and marketing of petroleum-based products. This company has a wide network of gas stations and LPG distributors and 3 refineries.
The company is a state-owned oil and natural gas company headquarters situated in Mumbai. The company has more than 18,000 employees and sales of $8 million. This company was established in 1974. The Indian government owns 51.11 percent of this company, which is also on the Fortune Global 500 list of the world’s largest companies as of 2024. Swarna is the CEO and Chairman of the Board of Directors of this company.
Hindustan Petroleum Corporation Salary
- Mechanical Engineer, Electrical Engineer, Instrumentation Engineer, Civil Engineer, Chemical Engineer – Rs 50,000/ to Rs 160000/-
- Senior Officer – Rs 60000/ to Rs 180000/-
- Officer/Assistant Manager, Non-Fuel Business – Rs 60000/ to 180000/ Rs 70000 to 200000/-
- Senior Manager ,Non- Fuel Business – Rs 90000/ to Rs 240000/-
- Manager Technical, Manager, Sales – Rs 80000 to 280000/-
- Deputy General Manager, Catalyst Business Development – Rs 12000 to 280000/-
- Chartered Accountant, Quality Control (QC) Officers – Rs 50000 to Rs 160000/-
- IS Officer – Rs 15 Lakhs Per Annum
- IS Security Officer, Cyber Security Specialist – Rs 36 Lakhs Per Annum
- Quality Control Officer – 10.2 Lakhs Per Annum
9. Oil India Ltd
Oil India Limited (OIL) was included in the list as it is India’s second largest public sector hydrocarbon exploration and production (E&P) company headquartered in Duliajan, Assam. This company operates under the institutional control of the Ministry of Petroleum and Natural Gas, Government of India. This oil and gas company is active in the field of development, exploration and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas. It has a large market capitalization of Rs. 31,000 crore serving many employees across India.
The company has over 11,000 employees and $35 billion in sales. Oil India Limited company is administered by the Ministry of Petroleum and Natural Gas of the country headquarter by Utpal. Bora assumed the position of Chairman of the Board of Directors and CEO. Oil India Limited company was established in 1889 and is one of the oldest oil companies in India. The company is a Navratna public company and its head office is in Noida.
Oil India Limited in India Salary
10. Tata Petrodyne
Tata Petrodyne is valued as one of the leading oil and gas companies with annual sales of around $200 billion. It is basically a subsidiary of Tata Corporation. Apart from our core business of gas, oil and petroleum products, we are renowned for providing incredible customer service. It is a private company with excellent workforce and its head office is in Mumbai. The company has interests in two offshore blocks each in UK and Australia and seven offshore and onshore blocks in various states of India. Tata Petrodyne is in the tenth place. One of the main groups of this company is in the oil and gas sector. The head office of Tata Petrodyne situated in Mumbai, Maharashtra.
The company’s sales are 100 billion dollars. It is a subsidiary of the Tata Group of Companies, founded by J.R.N. tata This company has joint ventures with various international companies and has relations in countries such as Amsterdam, Perth and Jakarta.
Tata Petrodyne Salary in India
The average Tata Petrodyne salary ranges from approximately ₹8.3 Lakhs per year for a Assistant Accounts Manager to ₹8.8 Lakhs per year for a Executive Accountant.
Get Certified! Get Confident! Join our Oil and Gas Course!
Conclusion
1: What is the primary purpose of a refinery in the oil and gas industry?
India’s oil and gas companies are vital to the country’s economic growth and energy demand. From giants like Indian Oil Corporation and Oil and Natural Gas Corporation to startups like Cairn India and Tata Petrodyne, each company plays a unique role in shaping the energy landscape. These organizations not only contribute significantly to the economy, but also provide extensive job opportunities. India’s oil and gas sector, with its extensive production processes and dedicated workforce, is an important resource for the country’s development.
Entri App – Best Online app for Oil and Gas Course
Entri’s oil and gas courses are one of our most popular programs designed specifically for students who are interested in a rewarding career in the oil and gas business. Ideal for those who want to work with good salary in India and other countries.
Entri’s oil and gas course is not your typical classroom experience. This is a comprehensive training program that will provide you with the skills and knowledge you need to succeed in the exciting field of oil and gas. The opportunity to apply what you learn in a practical setting increases the value of your education and increases your chances of landing a great job.
Key Differentiations
- Training by Industry Professionals
- Industry Interaction Sessions
- Live Projects
- Job-Oriented Curriculum
- Full Time Assignment Support Team
Get Certified! Get Confident! Join our Oil and Gas Course! Today!
Frequently Asked Questions
Which are the oil marketing companies in India?
The retail marketing of petroleum products in India is done by the Public Sector Oil Marketing Companies (OMCs) i.e. Indian Oil Corporation Ltd (IOCL), Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), etc.
Which is the biggest oil company in India?
ONGC, a Maharatna Company, is the best gas company in India, contributing around 75 per cent to Indian domestic production. The company ranks 11th among global energy majors (Platts) that’s why it is one of the top oil companies in India.
How many oil companies are there in India?
India has 18 public sector refineries and five refineries in the private sector in India.
Which oil company is best in India?
Indian Oil Corporation is one of the leading oil companies in India.
