Founded1971
HeadquartersAbu Dhabi, UAE
CEOSultan Al Jaber
FoundersSheikh Zayed bin Sultan Al Nahyan
IndustryManufacturing, Oil & Gas

About

ADNOC, the Abu Dhabi National Oil Company, is wholly owned by the Abu Dhabi Government and was founded in 1971. Wikipedia puts its crude production capacity at 4.85 million barrels a day in 2024, with a target of 5 million by 2027. Its six listed companies reported combined 2025 revenue of $51.8 billion and net profit of $9.7 billion. Sultan Al Jaber is its managing director and group CEO.

Key figures

4.85 million barrels a dayCrude production capacity2024, Wikipedia▲ up from 4.65 million in 2023
5 million barrels a dayCapacity targetBy 2027, Wikipedia
$51.8 billionListed companies, combined revenueFY2025, ADNOC listed companiesaggregate of six listed companies
$16.7 billionListed companies, combined EBITDAFY2025
$9.7 billionListed companies, combined net profitFY2025dividends of $7.2 billion
$5.17 billionADNOC Gas net incomeFY2025▲ +3%
$1.45 billionADNOC Drilling net profitFY2025▲ +11%
$5.0 billionADNOC L&S revenueFY2025▲ +41%
$25.3 billionListed companies, combined revenueH1 2026EBITDA $7.8 billion, net profit $4.8 billion

Figures are as published by the sources listed on this page. Where a figure comes from the company itself we have not audited it.

Scope of operations

  • Upstream: ADNOC Onshore, ADNOC Offshore, ADNOC Drilling, Al Yasat Petroleum
  • Gas: ADNOC Gas Processing, ADNOC LNG, ADNOC Sour Gas
  • Downstream and chemicals: ADNOC Refining, Borouge, Fertiglobe
  • Services and retail: ADNOC Logistics & Services, ADNOC Distribution
  • International investment arm: XRG, launched in November 2024 as an $80 billion investment company

Founders and key people

Sultan Al Jaber

Verified

Managing Director and Group CEO, ADNOC; UAE Minister of Industry and Advanced Technology · ADNOC

  • Sheikh Zayed bin Sultan Al Nahyan founder
  • Mohamed bin Zayed Al Nahyan Chairman (Wikipedia)
  • Sultan Ahmed Al Jaber Managing director and group CEO (ADNOC careers site)

Timeline

  1. 1960First commercial oil discovery at Bab (Wikipedia)
  2. 1971ADNOC is founded by Sheikh Zayed bin Sultan Al Nahyan (Wikipedia)
  3. 1974Abu Dhabi takes 60% of the onshore concession (Wikipedia)
  4. 2017ADNOC Distribution becomes the first ADNOC business to list (Wikipedia, on Al Jaber)
  5. 2021ADNOC Drilling lists on the Abu Dhabi bourse on 3 October (Wikipedia)
  6. 2022December: buys a 24.9% stake in Austria's OMV (Wikipedia)
  7. 2023December: agrees to buy OCI's Fertiglobe stake for $3.62 billion (Wikipedia)
  8. 2024October: announces the $16.3 billion acquisition of Covestro; the EU opens a foreign-subsidies investigation in July 2025 (Wikipedia)
  9. 2024November: launches XRG as an $80 billion international investment company (Wikipedia)
  10. 2025March: agrees with OMV to combine Borouge and Borealis into Borouge Group International, which will buy Nova Chemicals for $13.4 billion (Wikipedia)
  11. 2026July: agrees to buy Shell South Africa for about $1 billion, closing expected in 2027 (Wikipedia)

Leadership team

Current job openings

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