ADNOC Group’s listed companies report $2.7bn in Q3 profit, delivering results across Distribution, Drilling, Borouge, Gas and L&S
ADNOC Drilling
Latest in ADNOC Drilling
Abu Dhabi
ADNOC Drilling to acquire 80% stake in Oman’s MB Petroleum
MBPS is ADNOC Drilling’s second major regional acquisition this year following SLB in May; Enterprise value of the transaction is $204mn
Abu Dhabi
ADNOC Drilling upgrades guidance after record results for 9M 2025
Record 9M 2025 numbers as revenue jumps 27% to $3.63bn and net profit is up 17% to $1.06bn; free cash flow up 174% to $1.2bn
ADNOC
ADNOC announces $43bn dividend target through 2030
ADNOC will distribute $43bn in dividends across six listed firms by 2030, reinforcing investor confidence and UAE economic growth
ADNOC
ADNOC Group posts $4.7bn H1 2025 profit as AI boosts operations across six listed companies
From drilling to distribution, AI integration drives record earnings, major project milestones, and higher dividends for ADNOC Group
Abu Dhabi
ADNOC Drilling upgrades 2025 and mid-term guidance following record H1 results
First-half revenue grows over 30% to $2.37bn; net profit up over 21% YoY; Board approves $217mn Q2 dividend distribution
ADNOC Drilling
ADNOC Drilling secures $800m contract to boost UAE oil and gas production
ADNOC Drilling wins $800m contract from ADNOC Onshore for integrated hydraulic fracturing services in the UAE
Abdulla Ateya Al Messabi
Abdulla Ateya Al Messabi to replace Al Seiari as ADNOC Drilling CEO
Outgoing CEO retiring after 45 years of service to ADNOC; Al Messabi “a proven leader with deep operational expertise”
Abu Dhabi
ADNOC Drilling forms JV with SLB for Kuwait and Oman business
ADNOC Drilling will acquire a 70% stake; Boost to its regional expansion plan through eight operating land drilling rigs and contracts with NOCs
Abu Dhabi
ADNOC Drilling awarded $1.15bn, 15-year contract for advanced jack-up rigs
The contract, by ADNOC Offshore, to use advanced jack-up rigs built in Sharjah and equipped with AI and digitalisation capabilities
ADNOC
ADNOC Group companies announces $2.3bn profit in Q1
ADNOC Group’s public companies saw robust profits in first three months of 2025
ADNOC
ADNOC Drilling awarded $806m island rig contract
ADNOC Drilling handed contract to expand operations with island rigs
ADNOC
ADNOC Group of companies approved $6.7bn of dividends for shareholders for 2024
ADNOC Group public companies have approved massive dividend pay-outs for shareholders
Abu Dhabi
ADNOC Drilling secures 5-year integrated drilling services contract worth $1.63bn
CEO Al Seiari says the award from ADNOC Offshore is a strong reflection of the company’s long-term contracting model
ADNOC
ADNOC companies report $50bn revenue and $9bn net profit
ADNOC’s L&S, Gas, Drilling, Distribution arms, plus Fertiglobe and Borouge drive massive dividends and revenue
Abu Dhabi
ADNOC Drilling’s fleet of 142 rigs pumps $4.01bn revenue in 2024
Reports all-time high EBITDA of $2.01bn, up 36% and $1.304bn in net profit, up 26%; Issues guidance to touch $5bn revenue in 2026
Abu Dhabi
ADNOC Drilling expands UAE fleet with arrival of two new jack-up rigs
This takes the fleet size to 142 rigs, making the company among the largest rig fleet owners in the world
