A comparative statement analysis of selected oil marketing companies in India

India is the third prevalent patron of vitality and oil on the planet after the US and China. Oil and gas represented approximately 35.59% of India's vitality utilization. India is the fourth biggest shipper of fluid gaseous petrol-LNG after South Korea, Japan, and China, representing 7.495% of the world's absolute exchange. The objectives of the study have to evaluate the income and expenses of the selected Oil marketing companies in India and to measure the growth rate of the Income and expenses of the selected Oil marketing companies in India with respect to Operating Profit, Interest Earned, Employee Expenses, and Other Expenses. The sample of four oil marketing companies in India are Indian Oil Corporation Limited (IOCL), Reliance Petroleum Limited (RPL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) are selected on the basis of the convenient sampling method. A sample of four oil marketing companies has been selected on the basis of its annual revenue performance in India and the availability of data. The timeframe of the investigation is ten years, taking from 2008–2009 to 2017–2018. The study tests the significant difference between the income and expenses of the sampled companies during the study period. The study found that there are a positive correlation and significant relationship between the income and expenditure of the sampled oil marketing companies in India except for Hindustan Petroleum Corporation Ltd. (HPCL). And also found that the insignificant relationship between income and expenses of Reliance Petroleum Ltd. (RPL).