IOCL Full Form, History, Objectives, Career Options

IOCL Full Form: The full form of IOCL is Indian Oil Corporation Limited, India's largest oil and gas company administered by the Ministry of Petroleum and Natural Gas, Govt. of India. It holds remarkable achievements during the establishment to make the country efficient in the production and utilization of oil and gaseous substances. Indian Oil is ranked 94th among the world's largest corporate in the Fortune ‘Global 500' listing for the year 2023. Here, is the complete information on the IOCL Full Form including its history, awards and achievements, career opportunities, etc.

IOCL Full Form

IOCL Full Form is Indian Oil Corporation Limited, a leading integrated energy company in India serving the nation to its energy security. The company has various units and joint ventures across the country to fulfill its primary objective, "Pehle Indian, Phir Oil" and dedicatedly works for the progress of the nation. The organization has set a great milestone during the last 6 decades in the field of energy and for the growth of the country. This article consolidates brief information on the IOCL Full Form and other relevant details.

What is IOCL?

Indian Oil Corporation Ltd. is a leading Public Sector Undertaking operated by the Ministry of Petroleum and Natural Gas, Government of India. The IOCL is engaged in the core activities of Refining, Pipeline transportation, Marketing of Petroleum, petrochemicals, and natural gas, manufacturing of petrochemicals, and Exploration and production of crude petroleum and Gas. We have discussed every single detail of the IOCL Full Form which you must know well.

IOCL History

Indian Oil Corporation Ltd. (Indian Oil) was formed in 1964 through the merger of Indian Oil Company Ltd. (Estd. 1959) and Indian Refineries Ltd. (Estd. 1958). IOCL Limited is currently India’s largest company by sales with a turnover of Rs. 1,50,677 crore (US $ 34.44 billion) and profits of Rs. 4,891 crore (US $ 1.12 billion) for fiscal 2004. Indian Oil is also ranked among Indian companies in the Fortune ‘Global 500’ listing 2023. It is also the largest petroleum company in the world and the # 1 petroleum trading company among the National Oil Companies in the Asia Pacific region. Over 6 decades of existence, the company has continuously dedicatedly worked to achieve international standards of excellence in all aspects of energy and diversified business with a focus on customer delight through the value of products and services, and cost reduction.

IOCL Logo

The logo of IOCL is round shaped contains the lettering "IndianOil" in dark blue color.. The word "IndianOil" should be used as one word with the letters "I" and "O" in capitals. It should be in a single color (Dark Blue) and not in two colors. The Corporate logo of IOCL Ltd. is shown below.

Career Opportunities in IOCL

The Indian Oil Corporation Limited is India's largest job-offering organization and recruits a huge number of candidates to fill up various positions including Engineer/Executive Trainee, Technician, Apprentices, etc. Candidates seeking a bright career in the technical discipline jobs may opt for IOCL as the best choice. It offers a decent career to aspirants with attractive salary and perks. Candidates must stay tuned to this article to explore the latest jobs in IOCL. We have updated the links of the latest ongoing and upcoming job opportunities in IOCL here.