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Abstract In emerging economies, examining the linkage between different markets has become crucial. We have examined the linkage between crude oil and Indian oil exploration companies' equity prices. The augmented Dickey-Fuller method is used to test the stationarity of the series. The Granger causality test, Vector autoregression (VAR), and correlation methodologies are used to examine the causality between the markets. The p-values of Granger causality tests are less than 0.05, which confirms that the crude oil price causes the price movements of Indian oil exploration equities. The VAR (2) model confirmed that the prices of HOCE, OIL, and ONGC follow the first and second lag, Reliance and PETRONET equities follow the first lag of International crude price. The impulse response function shows a positive response of Indian oil exploration equity returns for the positive shocks of crude oil return. The findings of this study may help the traders and investors in the equity market, energy equity investors. Downloads Download data is not yet available. Author Biographies K. Abhaya Kumar, Department of MBA, Mangalore Institute of Technology & Engineering, Moodabidri, Karnataka, India Department of MBA, Mangalore Institute of Technology & Engineering, Moodabidri, Karnataka, India   Prakash Pinto, Department of Business Administration, St. Joseph Engineering College, Mangalore, Karnataka, India    Department of Business Administration, St. Joseph Engineering College, Mangalore, Karnataka, India   Iqbal Thonse Hawaldar, 3Department of Accounting and Finance, College of Business Administration, Kingdom University, Bahrain Professor Shaheem Shaikh, Department of MBA, Mangalore Institute of Technology & Engineering, Moodabidri, Karnataka, India    Department of MBA, Mangalore Institute of Technology & Engineering, Moodabidri, Karnataka, India   Sharan Bhagav, Department of MBA, Mangalore Institute of Technology & Engineering, Moodabidri, Karnataka, India    Department of MBA, Mangalore Institute of Technology & Engineering, Moodabidri, Karnataka, India   B. Padmanabha,  Department of MBA, Sahyadri College of Engineering & Management, Mangalore Karnataka, India    Department of MBA, Sahyadri College of Engineering & Management, Mangalore Karnataka, India   Downloads FULL TEXT Published 2022-07-19 How to Cite Kumar, K. A. ., Pinto, P., Hawaldar, I. T., Shaikh, S. ., Bhagav, S. ., & Padmanabha, B. (2022). Investigating the Nexus between Crude Oil Price and Stock Prices of Oil Exploration Companies. International Journal of Energy Economics and Policy, 12(4), 40–47. https://doi.org/10.32479/ijeep.13070 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 12 No. 4 (2022) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. 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