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.
“Following our strongest year on record in 2025, we have delivered a resilient and disciplined start to 2026. This performance reflects the strength of our integrated drilling and energy services model, supported by long-term contracts, high utilization and consistent execution. Our people are central to this performance, maintaining safe and reliable operations while continuing to deploy technologies that drive efficiency and value. As we progress through 2026, we remain focused on disciplined investment, strong cash generation and sustainable long term returns for shareholders, while supporting ADNOC’s production capacity objectives.”
| Date | Event |
|---|---|
| 30 July 2026 | 2Q 2026 Results |
| 29 October 2026 | 3Q 2026 Results |
| 2-5 November 2026 | ADIPEC |
| 3-6 December 2026 | Formula 1 |
| 7-10 December 2026 | ADFW |
| 11 February 2027 | 4Q 2026 Results |
For 1Q26, the Board of Directors has recommended a dividend of $262.5 million (approximately 6.0 fils per share), expected to be paid in early June to shareholders of record as of May 18, 2026. The Company’s $1.05 billion annual dividend floor for 2026 remains well supported by strong free cash flow generation, long term contract coverage and balance sheet strength.
Our Operations are organized into three reporting segments: Onshore, Offshore (Jack-up and Islands) and Oil Field Services (OFS).
Onshore generated 41% of 2025 revenue.
Offshore contributed 29% of 2025 revenue.
Oil Field Services (OFS) accounted for 30% of 2025 revenue.
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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