• Rekha Pal
• Sarvesh Soni

In today's globe, the oil sector is regarded as one of the most essential areas of concern. The majority of financial statement evaluations concentrate on companies that are either large contributors to economic figures or operate in a highly competitive business environment. The main objective of this paper is to analyze comparative financial performance of the top five Indian oil companies like Reliance Oil, Oil and Natural gas corporation, Indian oil corporation, Bharat petroleum Corporation, Hindustan petroleum Corporation ltd during 2017-18 to 2020-21. Various ratios like liquidity ratios, solvency ratio, efficiency, and profitability ratios have been used to measure financial performance of selected oil companies. As a result of the study of analysis of financial performance of Indian oil companies from period 2017-2021,difference in the profitability of the Oil Companies. The financial performance of ONGC is very satisfactory in terms of liquid ratio, net profit ratio, Interest coverage ratio, and debt equity ratio but its fixed asset turnover ratio and capital turnover ratio are not so sound.

Current Ratio, Liquid Ratio, Net Profit , Return on Assets (ROA), Return on Capital Employed Interest Coverage ratio.

"FINANCIAL PERFORMANCE ANALYSIS OF SELECTED INDIAN OIL COMPANIES: A COMPARATIVE STUDY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 12, page no.g66-g73, December-2023, Available :http://www.jetir.org/papers/JETIR2312611.pdf

"FINANCIAL PERFORMANCE ANALYSIS OF SELECTED INDIAN OIL COMPANIES: A COMPARATIVE STUDY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 12, page no. ppg66-g73, December-2023, Available at : http://www.jetir.org/papers/JETIR2312611.pdf