ADNOC Drilling (ADNOCDRILL.AD), a unit of Abu Dhabi’s state oil giant, reported a 19 per cent rise in second-quarter profit this week, supported by strong performance in its oilfield services business and expansion into unconventional drilling.
Net profit rose to $351 million in the three months to June 30, up from $295 million a year earlier, according to the company’s financial statement. Revenue jumped 28 per cent to $1.2 billion.
