ADNOC targets $43 billion in dividends through 2030 across listed companies

The Abu Dhabi National Oil Company (ADNOC) has announced an ambitious target to distribute AED158 billion ($43 billion) in dividends across its six publicly listed companies by 2030, subject to customary approvals. This commitment builds on the AED86 billion ($23 billion) already paid to shareholders since the first ADNOC company IPO in 2017. 

ADNOC’s six listed entities account for over AED550 billion ($150 billion) in market capitalisation and represent nearly 40% of the annual dividends paid on the Abu Dhabi Securities Exchange (ADX). 

The announcement was made at ADNOC’s inaugural Investor Majlis held at the Abu Dhabi Energy Center, which brought together 500 key stakeholders to engage with senior leadership from ADNOC and its listed companies. The event provided insights into ADNOC’s strategy to deliver long-term value, sustainable growth, and attractive returns to shareholders. 

ADNOC also confirmed that ADNOC Distribution, ADNOC Gas, and ADNOC Logistics & Services (L&S) will now distribute dividends quarterly, joining ADNOC Drilling in providing more frequent payouts to investors. This move underscores ADNOC’s commitment to shareholder value, transparency, and consistent engagement with the investor community, said the company.  

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said, “In line with the vision of the UAE leadership, ADNOC is providing opportunities for citizens, residents and partners to create and enhance value that contributes to the growth of the national economy. Guided by our Board of Directors, ADNOC continues to transparently engage with investors as we reinforce the strong foundations and pillars of our listed companies. By implementing the highest standards of governance and financial discipline, further empowering our people, and investing in advanced technology and AI, we will ensure ADNOC’s long-term growth and resilience.”  

Highlighting ADNOC’s focus on sustainable shareholder value, His Excellency Dr. Al Jaber added, "Our target to distribute AED158 billion ($43 billion) in dividends is a landmark step that gives investors and shareholders clear visibility of dividend distributions through 2030. In doing so, we are reaffirming our confidence and steadfast commitment to delivering long-term value, reducing costs, enhancing efficiency and accelerating growth.”  

 
The group further stated that their listed companies continue to deliver strong operational performance and market leadership across their respective sectors: 

• ADNOC Distribution – The UAE’s largest fuel and convenience retailer, holding a 64% retail fuel market share and serving 700,000 customers daily. The company operates nearly 940 stations across the UAE, Saudi Arabia, and Egypt and has achieved 70% EBITDA growth since its IPO. 

• ADNOC Drilling – The world’s most valuable and fastest-growing integrated drilling company, operating nearly 150 rigs across onshore, offshore, and island environments. 

• ADNOC Gas – The world’s largest listed pure-play gas company by capacity and the largest dividend payer on the ADX. 

• ADNOC Logistics & Services (L&S) – The world’s second-largest energy maritime logistics company, with fleet growth of 130% to 340 vessels and a 143% CAGR in net income since 2021. 

• Borouge – The most profitable polyolefins company globally, with a 40% EBITDA margin—three times the industry average—driven by premium product pricing and sector-leading cost efficiency. 

• Fertiglobe – The world’s largest seaborne exporter of ammonia and urea, supporting global food security for nearly 4 billion people. 

The group further stated that ADNOC’s strategy continues to be anchored in expanding upstream capacity, more than doubling domestic chemicals and LNG output, and raising gas processing capacity by 30%. Its investment in artificial intelligence (AI) and digital transformation is further strengthening efficiency, productivity, and profitability. 

The implementation of AI and advanced technology across ADNOC’s business is further driving efficiency, unlocking growth and strengthening productivity. For example, Neuron 5, ADNOC’s flagship predictive maintenance system, has cut unplanned shutdowns by 50%, translating into higher utilisation, steadier cash flow, and stronger margins. ENERGYai, the world’s first agentic AI solution, is accelerating field appraisal and development timelines. Faster exploration means lower costs, quicker time-to-first oil, and a structural advantage in resource development. ADNOC’s steadfast focus on becoming one of the world’s first truly AI-native energy companies will unlock value across the ADNOC eco-system, providing each listed company with opportunities that benefit it and its shareholders. 

Through its focus on becoming one of the world’s first truly AI-native energy companies, ADNOC aims to unlock greater value across its ecosystem, enhancing opportunities for each listed company and its shareholders.