ADNOC Drilling Half-Year Revenues Rise to 9.04B Dirhams
Adnoc Drilling achieved a record financial performance in the first half of 2026, with revenues amounting to 9.04 billion dirhams—a 4% increase year-over-year—and net profit of 2.59 billion dirhams, up 2%. The strong performance was driven by the oilfield services and advanced technology sectors, especially the operation of the smart AD-300 rig supported by artificial intelligence, which enabled the company to maintain operational continuity and generate strong cash flows. The company’s board of directors recommended dividends of $262.5 million for the second quarter, bringing total dividends for the first half to $525 million. Continued growth in profits and returns is expected through 2030, supported by long-term contracts and expansion plans that include deploying additional rigs and expanding regional operations.
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