摘要：Oil and gas is a major part of the energy sector, which, in turn, is essential for the growth of the manufacturing, utilities, infrastructure and commercial services industries. India is also rising as a potential refining hub because the capital costs are lowered by 25% –50% compared to other Asian countries. The present study identified that profitability and financial strength of Oil and Gas industry of India by taking private and Public Sector Company. The samples were taken from the both sector and company selected like, ONGC, BPCL, HPCL, IOCL, RIL, EOL and OIL. The data period was financial year 2006 to 2010, the ratio calculated from the balance sheet, ratios like, gross profit margin, net profit margin, total asset turnover ratio, return on total assets ratio and return on capital employed. From the study it can be said that ONGC and RIL are the most profitable and have better financial strength as compared to other company, these two companies’ have consistent performance as the profitability and return on capital employed.
