New Delhi, May 11 -- ADNOC Drilling posted a USD 347 million net profit for the first quarter of 2026, driven largely by the expansion of its offshore operations and integrated oilfield services. According to a report by Gulf News, the Abu Dhabi-listed company saw its revenue rise 5 per cent year-on-year to reach USD 1.23 billion during the period. The record performance followed a surge in rig utilization and the execution of long-term contracts across the region.

The company confirmed that regional geopolitical tensions had no material operational or financial impact on its business during the first three months of the year. Despite market uncertainty and disruptions near the Strait of Hormuz, the driller maintained robust continuity p...