The new entity will focus on trading crude oil, natural gas, petroleum, petrochemical products, and related commodities, along with associated commercial and operational activities.

Bharat Petroleum Global Energy Services (Singapore) has issued share capital of $2 million, comprising 2 million shares at $1 per share. The entire shareholding of the incorporated entity will be held by BPCL.

Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing petroleum products.

The company reported a 62.29% jump in standalone net profit to Rs 7,545.27 crore in Q3 FY26 as against Rs 4,649.20 crore posted in Q3 FY25. Net sales (excluding excise duty) rose 5.18% YoY to Rs 1,18,999.37 crore in the December 2025 quarter.

The counter declined 0.35% to Rs 384.55 on the BSE.