80 Days
Source:
اقتصاد سكاي نيوز عربية
AdNOC Drilling earns 9.04B AED in half-year
Adnoc Drilling achieved a record financial performance in the first half of 2026, reaching revenues of 9.04 billion AED, representing a 4% increase over the previous year. Its net profits amounted to 2.59 billion AED, reflecting a 2% rise. The company managed to maintain its operational flexibility thanks to long-term contracts and the adoption of advanced technologies, including the operation of the first AI-powered rig, "AD-300," ahead of schedule. This development is expected to boost revenues and operational efficiency. Its Board of Directors recommended a dividend distribution of $262.5 million for the second quarter, bringing total dividends for the first half to approximately $525 million. The company continues to adhere to its financial guidance for 2026, with future expansion planned in oilfield services and the utilization of cutting-edge technologies to achieve sustainable growth.
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