ADNOC Drilling Company

ADNOCDRILL

AEA007301012

Oil & Gas Drilling

Market Closed - Abu Dhabi Securities Exchange Other stock markets 04:26:33 28/06/2024 pm IST			5-day change	1st Jan Change
4.1 ^AED	-0.49%		+1.23%	+8.47%

25/06	UAE Markets Close Tuesday Lower Over Oil Prices, US Economic Data Focus	MT
25/06	Adnoc Drilling Targets 10% Annual Dividend Increases Until 2028	MT

ADNOC Drilling Company P.J.S.C. Confirms Earnings Guidance for the Full-Year 2024

May 13, 2024 at 11:32 am IST

ADNOC Drilling Company P.J.S.C. announced that the company is confirming full-year guidance, with net profit potentially doubling to over $1.2 billion compared to FY2021, when the company was listed.

Latest news about ADNOC Drilling Company

UAE Markets Close Tuesday Lower Over Oil Prices, US Economic Data Focus	25/06	MT
Adnoc Drilling Targets 10% Annual Dividend Increases Until 2028	25/06	MT
ADNOC Drilling Company PJSC Confirms New Enhanced Dividend Policy with Minimum 10% Annual Growth for Five Years	25/06	CI
Adnoc Drilling, Alpha Dhabi JV to Boost Gordon Technologies Stake in $270 Million Deal	11/06	MT
UAE'S ADNOC DRILLING AND ALPHA DHABI HOLDING JOINT VENTURE ENERS…	11/06	RE
Adnoc Closes $935 Million Sale of Adnoc Drilling Shares	23/05	MT
Abu Dhabi's Adnoc to Divest 880 Million Shares in Drilling Unit	22/05	MT
Correction: Adnoc Drilling Bags $1.7 Billion Contract for Unconventional Oil & Gas Wells	13/05	MT
Adnoc Drilling Bags $1.7 Billion Contract for Unconventional Oil & Gas Wells	13/05	MT
Adnoc Drilling to Bump Yearly Dividends as Rig Commissioning Boosts First-quarter Revenue	13/05	MT
ADNOC Drilling Company P.J.S.C. Confirms Earnings Guidance for the Full-Year 2024	13/05	CI
ADNOC Drilling Company P.J.S.C. Announces Improved Progressive Dividend Policy	13/05	CI
ADNOC Drilling Company P.J.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2024	13/05	CI
ADNOC Drilling Logs Higher Q1 Attributable Profit, Revenue	13/05	MT
Patterson-UTI International Holdings, Inc. Signs Term Sheet to Partner with ADNOC Drilling in the UAE	13/05	CI
ADNOC Drilling Company P.J.S.C. Announces Board Changes	22/03	CI
ADNOC Drilling Company P.J.S.C. Announces Board Appointments	14/03	CI
ADNOC Drilling Company P.J.S.C. Approves Cash Dividend Distribution for the Second Half of the Financial Year Ended 31 December 2023	14/03	CI
ADNOC Drilling Shareholders OK FY23 Dividend	14/03	MT
ADNOC Drilling Company P.J.S.C. Proposes Final Dividend for the Year 2023	12/02	CI
ADNOC Drilling Company P.J.S.C. Provides Earnings Guidance for the Year 2024	12/02	CI
ADNOC Drilling Company P.J.S.C. Reports Earnings Results for the Full Year Ended December 31, 2023	12/02	CI
ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC Announces Incorporation of its Strategic Investment JV at Abu Dhabi Global Market	09/01	CI
ADNOC Drilling Company P.J.S.C. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	14/11	CI
ADNOC Drilling Company P.J.S.C. Appoints Youssef Samy El Sayed Fathy as the Chief Financial Officer	20/23/20	CI

Adnoc Drilling Company PJSC is an United Arab Emirates based entity which is primarily engaged in providing drilling services and supporting marine equipment services. The Companyâs services include hiring out of onshore and offshore drilling rigs to related parties involved in onshore and offshore oil and gas exploration. The Company has four segments which include Onshore, Offshore Jackup, Offshore Island and Oil Field Services (OFS). Onshore segment has land rigs, water wells, work over rigs deployed mainly across Onshore with a few rigs also assigned to other concessions within the group. Offshore Jackup with owned Jackups and some rentals predominantly meeting the Companyâs Offshore drilling needs with a few rigs also assigned to other concessions within the group. Offshore Island rigs segment representing the Island part of Offshoresâ requirement. Oil Field Services (OFS) segment is created for providing other services

Sector

Oil & Gas Drilling

Calendar

06/08/2024 - Q2 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

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Ratings for ADNOC Drilling Company

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.116 USD

Average target price

1.306 USD

Spread / Average Target

+16.98%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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