ADNOC Drilling posts $1.07 billion nine-month profit
Dubai: ADNOC Drilling reported net profit of $1.07 billion for the first nine months of 2026 on Wednesday, with revenue reaching $3.7 billion as the company expanded its services and regional operations. Earnings before interest, taxes, depreciation and amortisation, or EBITDA, stood at $1.66 billion for the period. The board approved a third-quarter dividend of $350 million, equivalent to…
ADNOC Drilling reported a net profit of $1.07 billion for the first nine months of 2026, with revenue reaching $3.7 billion. The company's higher-value business lines, including Oilfield Services (OFS), technology-enabled solutions, and regional operations, contributed to its results, broadening its earnings base and adding revenue streams.
ADNOC Drilling CEO, Abdulla Naji Ateya Al Messabi, attributed the nine-month performance to the strength of the business model, the resilience of the highly contracted revenue base, and successful execution of the growth strategy.
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