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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADNOC Drilling profit rises 33%

ADNOC Drilling said on Monday that its 2022 net profit increased by 33 percent.
By TRENDS Desk
February 13, 2023 1:44 pm
  • The company stated in a regulatory filing that the addition of more rigs to its operating fleet, which currently number 115 rigs, was a major factor in its success
  • It provided an optimistic forecast for 2023, with sales expected to range between $3 billion and $3.2 billion, indicating up to 20 percent annual growth

Abu Dhabi, UAE – ADNOC Drilling said on Monday that its 2022 net profit increased by 33 percent because of the growth of its onshore and oilfield services operations.

The net profit for 2022 surged to $802 million from $604 million the year before. The revenue climbed to $2.67 billion in 2022 from $2.27 billion in 2021. 

The company stated in a regulatory filing that the addition of more rigs to its operating fleet, which currently number 115 rigs, was a major factor in its success.

The company provided an optimistic forecast for 2023, with sales expected to range between $3 billion and $3.2 billion, indicating up to 20 percent annual growth. It  anticipates a record net profit of between $850 million and $1 billion in 2023.

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