Adnoc Drilling plans to boost partnerships beyond Abu Dhabi as profit jumps 24%

Adnoc Drilling plans to boost partnerships beyond Abu Dhabi as profit jumps 24%

Company is expected to distribute dividends of at least $217 million this fiscal year

Adnoc Drilling to pay quarterly dividends

Adnoc Drilling, a subsidiary of state-backed oil major Adnoc, will begin paying quarterly dividends, starting with $217 million for the first quarter of 2025. This comes as the company reported a 24 percent year-on-year jump in net profit to $341 million during the quarter ended March 2025. Revenues surged 32 percent yearly to $1.2 billion, the company said in a statement published on the Abu Dhabi Securities Exchange on Thursday. The company’s …