Abu Dhabi’s ADNOC Drilling net profit rises 33% in 2022 – Reuters
Abu Dhabi’s ADNOC Drilling net profit rises 33% in 2022 – Reuters
DUBAI, Feb 13 (Reuters) - Abu Dhabi's ADNOC Drilling (ADNOCDRILL.AD) reported on Monday a rise of 33% in 2022 net profit, with revenue boosted by its onshore and oilfield services businesses.
Net profit for 2022 was $802 million, up from $604 million in the previous year. Revenue increased to $2.67 billion in 2022 from $2.27 billion in 2021.
In a regulatory filing, the company said its results were largely driven by new rigs entering its operational fleet, now consisting of 115 rigs.
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