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Adnoc Drilling profits up 2% to 2.59 billion

Adnoc Drilling profits up 2% to 2.59 billion

Adnoc Drilling achieved a profit of AED 2.59 billion in the first half of 2026, representing a 2% increase year-over-year, with revenues reaching AED 9.04 billion, up by 4%. The company successfully maintained its strong performance by enhancing its operational activities, particularly in the oil field services sector, supported by the deployment of advanced technology such as the AI-powered smart rig AD-300. It also increased investments in expanding its fleet and boosting operational capabilities. Dividends of $525 million were announced for the first half, with expectations of continued financial growth and expansion, driven by long-term contracts and an innovation-driven regional expansion strategy to ensure sustained profits and future business development.

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