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ADNOC Gas reports record Q2 profit of $1.39B, up 16% year-over-year, amid lower oil prices.
ADNOC Gas reported a record second-quarter profit of $1.39 billion, marking a 16% increase year-over-year.
Despite lower oil prices, the company's EBITDA rose by 8% to $2.26 billion, attributed to enhanced operational efficiency and a strong domestic market presence.
ADNOC Gas, which supplies about 60% of the UAE's gas, also raised its 2025 domestic gas sales projection and secured a $5 billion investment for its Rich Gas Development project.
The company's inclusion in major indices has attracted significant capital inflows.
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ADNOC Gas reporta un beneficio récord del segundo trimestre de $1.39B, un 16% más año tras año, en medio de precios más bajos del petróleo.