Key facts: ONGC FY26 profits; $325M guarantee, arb. & tax disputes
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ONGC reported FY26 profits and highlighted significant contingent liabilities from arbitration and tax disputes. The company also noted geopolitical risks affecting international projects. Additionally, ONGC approved a $325M parent guarantee for ONGC Campos Ltda. to Shell Brasil for abandonment liability, with guarantee fees determined by a transfer pricing study.
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