Adnoc Drilling profits increase to 2.59B AED
ADNOC Drilling's financial report showed a 2% increase in net profits during the first half of 2026, reaching 2.59 billion dirhams. This growth was supported by sector revenue that amounted to 9.04 billion dirhams, representing a 4% year-over-year increase, amid ongoing expansion of oil field services and stable offshore drilling activities. Additionally, second-quarter results revealed a 3% rise in revenue to 4.52 billion dirhams, with a quarterly net profit of 1.32 billion dirhams. The Board of Directors recommended a dividend payment of $262.5 million for the second quarter, continuing their growth policy of annual dividend increases of no less than 5% through 2030. The company is also focusing on regional expansion by acquiring stakes in local and international companies, thereby strengthening its presence in the regional drilling services market.
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