Investor Relations - Drilling
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Investor Relations

ADNOC Drilling
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Home Investor Relations

Capitalizing on ADNOC's ambitious expansion strategy

A unique mandate and unmatched financial profile in the drilling industry​

High visibility, captive growth, substantial earnings and cash flow generation

Drilling is a strategic business of the oil and gas value chain and ADNOC Drilling is a key asset of ADNOC, the Abu Dhabi National Oil Company, whose mission is to manage the vast hydrocarbon reserves and main source of income of the Emirate of Abu Dhabi. As the sole provider of drilling services in Abu Dhabi, we benefit from a unique relationship and a contractual framework with the Group that provides us with an unmatched visibility on our long-term top line growth, returns and cash flow generation.

At the heart of the ADNOC upstream ecosystem, we have, since 1972, built an impressive track record of strong operational and financial performance. Today, as the first national integrated drilling services provider in the region, we are adding a full range of oil field services to our original drilling offering, and are in an advantageous position to serve ADNOC’s ambitious long-term plans to further increase its crude production and to unlock new unconventional gas resources.

11000
+ wells delivered​
87
+ million feet total distance drilled​​

Our record first half 2025 results once again demonstrate the strength, resilience and scalability of ADNOC Drilling. We continue to deliver outstanding financial performance, dependable shareholder returns and disciplined regional expansion, all underpinned by our commitment to deploying AI and advanced technologies. With high and visible cash flows, growing earnings and strong visibility of future returns, we remain confident in our ability to continue delivering long-term value to our shareholders.

Abdulla Ateya Al Messabi, ADNOC Drilling CEO

Latest Announcement

08 October 2025

ADNOC Drilling Board Meeting Results held on 08/10/2025​

 

 


Press Release

Upcoming Events

28 October 2025

3Q 2025 Results Webcast Call.

Dividends

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On 8 October 2025, the Board of Directors has proposed an upgrade to ADNOC Drilling’s dividend policy, which will be presented for approval at the next Annual General Assembly (AGM), further reinforcing the Company’s unique position as one of the most attractive dividend and growth opportunities on the Abu Dhabi Securities Exchange (ADX).

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Recent Events

30 July 2025

1H 2025 Results ​ READ THE TRANSCRIPT HERE

Our Operations

Our Operations are organized into four reporting segments: Onshore, Offshore-Jack-ups, Offshore-Island and Oil Field Services (OFS).

Onshore Drilling is our largest segment generating 47% of 2024 revenues. 

Offshore - Jack-ups is the second contributor to our business accounting for 28% of 2024 revenues.

Offshore - Island represented 5% of revenues in 2024.

Oil Field Services (OFS) accounted for 20% of our revenues in 2024. Established in 2018, the segment allowed ADNOC Drilling to become the first Integrated Drilling Services provider in the Middle East and is expected to grow significantly over the next decade.

 

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Dividends and Dividend Policy

Our dividend policy is designed to reflect our expectation of strong cash flow and our expected long-term earnings potential, while allowing us to retain sufficient capital to fund ongoing operating requirements and continued investment for long-term growth.
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Operational and Financial Highlights

ADNOC Drilling in FY2023 generated total revenue of $3.1 billion, achieving a year-on-year increase of 14% from $2,269 million. Top line performance also led to a 20% jump in EBITDA to $1,483 million from $1,232 million in the prior year period with reported net profit of $1,033 million in 2023, an increase of 29% from $802 million in 2022.
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Reports, Presentations and Announcements

Quick access to our documents illustrating our operational and financial performance; corporate reports, presentations and regulatory announcements, since our initial listing on the Abu Dhabi Securities Exchange (ADX) on 3 October 2021.
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Stock Market Data

Trading of the ADNOC Drilling shares on the Abu Dhabi Securities Exchange (ADX) commenced on 3 October 2021 under the symbol ADNOCDRILL. The company’s paid up share capital is AED 1.6 billion (one billion six hundred million UAE dirhams) divided into 16,000,000,000 shares, each with a nominal value of AED 0.10.

Sustainability

Our ambition is to provide efficient, reliable, and responsible drilling solutions, to create long lasting sustainable value for our people, society, and environment across our operations.

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Corporate Video

Corporate Governance

ADNOC Drilling has historically held a strong corporate governance framework which has matured since 2020 and further enhanced pre-IPO to be fully aligned with SCA's corporate governance guidelines.

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Scam Alert

Fraudsters are advertising fake investment opportunities. ONLY refer to official ADNOC Drilling channels for investor information. The fraudster poses as a representative of ADNOC Drilling, pretending to offer an opportunity to contract with ADNOC Drilling. This is either to provide goods or services to ADNOC Drilling or to propose an investment opportunity. 

Often - but not always - the fraud involves a request for you to pay money to them in order to win the contract or participate in the investment.
ADNOC Drilling will never ask for money from a third party to participate in its procurement process or in order to be considered for a business or investment opportunity.