ADNOC Gas reports net income of $1.3 billion in the 1/1 quarter, by Reuters

2023-05-11 04:14:00

© Archyde.com. The ADNOC logo in a photo from the Archyde.com archive.

(Archyde.com) – ADNOC Gas:

Recording net income in the first quarter of 2023 amounted to $ 1.3 billion, up nine percent year-on-year.

High revenues are recorded in the first quarter of 2023 amounting to 5.2 billion.

– Brent crude prices, according to which the gas selling price is determined, fell in the first quarter by 24 percent compared to the first quarter of 2022.

Free cash flow in the first quarter of 2023 amounted to $ 1.1 billion.

(Prepared by Doaa Muhammad for the Arabic Bulletin)

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