Adnoc Drilling has recorded stellar growth in recent years as it landed mega contracts to drive forward its parent company’s capacity expansion plans, including its burgeoning unconventional program.
Despite this year’s geopolitical headwinds, the company has remained on its upward trajectory. Revenue over the first nine months of the year reached $3.7bn, up 2% from last year, despite a slight year-on-year slowdown in Q3 (see chart). Likewise, $1.07bn in profits are marginally higher than $1.06bn for the same period last year. (CONTINUED - 869 WORDS)
