ADNOC Gas' pro forma adjusted core earnings for last year
came in at $8.7 billion, the company said in a bourse filing, up
from $6.6 billion in 2021.
ADNOC Gas became operational on Jan. 1 through the
consolidation of ADNOC Gas Processing, ADNOC LNG and ADNOC
Industrial Gas.
(Reporting by Hadeel Al Sayegh; Editing by Sherry
Jacob-Phillips)
DUBAI, March 30 (Reuters) - Abu Dhabi's ADNOC Gas on Thursday reported a 32% increase in its 2022
core earnings on a pro forma basis, citing a higher pricing
environment and increased sales volumes amid strong market
conditions.
Abu Dhabi National Oil Company (ADNOC) raised $2.5 billion
earlier this month by selling a 5% stake in ADNOC Gas to
investors via an initial public offering.
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