New Delhi, July 7 -- Oil And Gas Q1 Results Preview: Reliance Industries Ltd, Bharat Petroleum Corporation Ltd, Indian Oil Corporation Ltd, and other oil marketing firms are anticipated to report a solid Q1, whereas it appears to be slow for the gas companies.

HSBC Global Research indicated in its 1QFY26 preview on the oil and gas sector in India that refiners are expected to outperform gas infrastructure. The global brokerage house maintains a Buy rating on Indian Oil, Hindustan Petroleum, Bharat Petroleum, and GAIL; a Hold rating on Petronet; and a Reduce rating on Oil & Natural Gas.

The global brokerage noted that it anticipates strong earnings growth for Oil Marketing Companies (OMCs), with robust gross refining margins (GRMs) and m...