10 May 2022
ADNOC Drilling Q1 2022 Net Income Grows to $175 Million, Exceeding Market Expectations
ADNOC Drilling Company PJSC today announced its financial results for the three-month period ended March 31, 2022.reported significant revenue growth for the period, increasing to $601 million, up 14.9% on the same period last year. Year-on-year revenue growth was delivered across all business segments with the Company firmly on track to deliver on its ambitious plans.
ADNOC Drilling Q1 2021 Financial Results Press Release11 February 2022
ADNOC Drilling Announces Robust Full Year 2021 Net Income of $604 Million
Solid net profit increase of 6% for the full year 2021.
Strong and resilient operational growth drives FY21 revenue to $2.27 billion, up 8.2% year-on-year.
Industry leading fleet utilization and excellent progress on cost efficiency results in full year EBITDA of over $1 billion.
The Board recommends a final dividend of $325 million for the second half of 2021.
Q1 2022 Earnings Call
On Tuesday, May 10 2022 ADNOC Drilling announced its Financial Results for the First Quarter ending March 31 2022.
A recording of the Earning Call webcast is available to view here.