A study on financial performance of hindustan petroleum corporation limited

Abstract

The oil and Gas sector is one of the important sector among six crore industries in India. It has its strategic importance and plays a pivotal role in influencing the economy of our country.The foundation of the oil & Gas industry in India was laid by the industrial policy Resolution, 1954, when the government announced that petroleum would be the core sector industry.India is the fourth largest energy consumer (2013) of oil & gas in the world, accounting for 37% of total energy consumption.The country has 5.7 billion barrels of proven oil reserves. It has 47.8 trillion cubic feet (TCF) of gas reserves and produced 33.7 billion cubic meter (BCM) of gas in 2013.Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-owned oil and natural gas company headquarters at Mumbai, Maharashtra and with Navratna status. HPCL has been ranked at 260th in the Fortune Global 500 rankings of the world's biggest corporation (2013) and 4th among India's companies for the year 2012. In this paper a study has been made on the profitability, solvency and the liquidity position of Hindustan Petroleum Corporation Ltd.