Indian Oil posts highest-ever revenue by any Indian firm in FY22

India's biggest oil firm Indian Oil Corporation (IOC) on Tuesday reported standalone revenue of ₹7.28 lakh crore in FY22, the highest-ever revenue reported by any Indian company, IOC Director (Finance) Sandeep Gupta said. IOC also reported its highest-ever net profit of ₹24,184.10 crore in FY22. IOC earned $18.54 on turning every barrel of crude oil into fuel in Q4 FY22.