ADNOC Drilling Company

ADNOCDRILL

AEA007301012

Oil & Gas Drilling

Market Closed - Abu Dhabi Securities Exchange Other stock markets 06:55:00 2024-04-25 am EDT			5-day change	1st Jan Change
3.8 ^AED	-1.04%		-5.00%	+0.53%

Mar. 22	ADNOC Drilling Company P.J.S.C. Announces Board Changes	CI
Mar. 14	ADNOC Drilling Company P.J.S.C. Announces Board Appointments	CI

ADNOC Drilling Company P.J.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2022

May 10, 2022 at 02:11 am EDT

ADNOC Drilling Company P.J.S.C. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 601.25 million compared to USD 522.64 million a year ago. Net income was USD 174.45 million compared to USD 109.82 million a year ago. Basic earnings per share from continuing operations was USD 0.011 compared to USD 0.007 a year ago.

Latest news about ADNOC Drilling Company

ADNOC Drilling Company P.J.S.C. Announces Board Changes	Mar. 21	CI
ADNOC Drilling Company P.J.S.C. Announces Board Appointments	Mar. 14	CI
ADNOC Drilling Company P.J.S.C. Approves Cash Dividend Distribution for the Second Half of the Financial Year Ended 31 December 2023	Mar. 14	CI
ADNOC Drilling Shareholders OK FY23 Dividend	Mar. 14	MT
ADNOC Drilling Company P.J.S.C. Proposes Final Dividend for the Year 2023	Feb. 12	CI
ADNOC Drilling Company P.J.S.C. Provides Earnings Guidance for the Year 2024	Feb. 12	CI
ADNOC Drilling Company P.J.S.C. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 12	CI
ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC Announces Incorporation of its Strategic Investment JV at Abu Dhabi Global Market	Jan. 09	CI
ADNOC Drilling Company P.J.S.C. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 14	CI
ADNOC Drilling Company P.J.S.C. Appoints Youssef Samy El Sayed Fathy as the Chief Financial Officer	23-10-20	CI
ADNOC Drilling Company P.J.S.C. Announces Resignation of Mr. Esa Ikaheimonen as Chief Financial Officer	23-10-19	CI
BP Says Bid For Stake in Israel's NewMed Energy Is Still on Track, Reuters Reports	23-10-11	DJ
ADNOC Drilling Company P.J.S.C. Approves the Payment of Interim Cash Dividend for the First Six Months of 2023	23-10-10	CI
MIDEAST STOCKS-Gulf shares drop in early trade on weaker oil prices	23-10-04	RE
ADNOC Drilling Company P.J.S.C. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-04	CI
ADNOC Drilling Company PJSC Confirms the Award of Five 10-Year Contracts	23-06-23	CI
ADNOC Drilling Company P.J.S.C. agreed to acquire Two new premium offshore jack-up rigs for $220 million.	23-06-05	CI
ADNOC Drilling to Acquire Six Additional Newbuild Hybrid Power Land Rigs	23-05-24	CI
ADNOC Drilling Company P.J.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-11	CI
ADNOC Drilling Company PJSC Confirms the Award of a Five Year Contract for the Provision of Integrated Drilling Services	23-04-13	CI
ADNOC Drilling Company P.J.S.C. Approves Cash Dividend for the Second Half of the Fiscal Year Ending 31 December 2022, Payable on 3 May, 2023	23-04-04	CI
Adnoc Drilling Awards Newbuild Contract for Ten Hybrid Power Land Rigs	23-03-02	CI
Abu Dhabi's ADNOC looks to raise up to $2 bln from IPO of gas unit	23-02-22	RE
Adnoc to Sell 4% of Natural-Gas Business in IPO	23-02-17	DJ
ADNOC to float 4% of its gas business in IPO -statement	23-02-16	RE

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Company Profile

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

2024-05-07 - Q1 2024 Earnings Release (Projected)

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Ratings for ADNOC Drilling Company

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.046 USD

Average target price

1.259 USD

Spread / Average Target

+20.42%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

Company calendar

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