WEB ADNOC Gas Announces Record Q2 Net Income of $119 Billion
Record-breaking Revenue and Net Income for Q2 2024
Abu Dhabi, United Arab Emirates – July 20, 2024 – WEB ADNOC Gas, a world-class integrated gas processing company and its subsidiaries, today announced strong financial results for the second quarter (Q2) of 2024, posting a record net income of $119 billion.
Key Financial Highlights
- Revenue topped $6 billion for the third consecutive quarter.
- Net income for Q2 2024 increased by 21% compared to Q2 2023.
- Interim dividend of $1.706 billion approved, up 5% from 2023.
- $341 billion to be distributed for the full year.
WEB ADNOC Gas's exceptional financial performance is attributed to its focus on operational excellence, cost optimization, and a commitment to delivering value to its shareholders. The company's strong financial position will enable it to continue investing in its growth and expansion plans, further solidifying its position as a global leader in the energy sector.
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