-+ 0.00%
-+ 0.00%
-+ 0.00%
ADNOC Gas Posts Stunning Profit Recovery as Energy Exports Rebound
Share
Listen to the news
ADNOC Gas doubled its net income to $1.34 billion for the third quarter from the previous quarter as it raised its domestic gas sales and LNG and sulfur exports. The gas arm of Abu Dhabi’s national energy company ADNOC on Tuesday reported strong performance across its domestic gas, LNG, export-traded liquids (ETL), and sulfur businesses. Net income jumped from $665 million for the second quarter to $1.34 billion for the third quarter, on core earnings, or EBITDA, soaring by 70% quarter-on-quarter to $2.03 billion. ADNOC Gas’ domestic…
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending