Abu Dhabi National Oil Company
PrivateLast Round
Follow-on Offering
Feb 21, 2025
Est. Valuation
$71B
Total Funding Raised
$9.04B
Company Overview
The Abu Dhabi National Oil Company (ADNOC) is a major diversified energy group wholly owned by the government of Abu Dhabi. Founded in 1971, it is one of the world's leading energy producers, operating across the entire hydrocarbon value chain, including exploration, production, storage, refining, trading, and petrochemicals. ADNOC is responsible for the vast majority of the UAE's oil and gas reserves. While its core business is oil and gas, the company is also making significant investments in lower-carbon solutions and new energies to support a global energy transition and has set a net-zero ambition for 2045. Through its various subsidiaries and its global investment arm, XRG, ADNOC also engages in strategic acquisitions and partnerships to expand its international presence in chemicals, LNG, and low-carbon energy markets.
Sector
Energy & Sustainability
Verticals
Advanced Materials, Maritime & Shipping, Carbon Capture, Renewable Energy, Alternative Fuels
Business Model
B2B
Customer Profile
Government Contracts, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Abu Dhabi National Oil Company Comps
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Abu Dhabi National Oil Company Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Follow-on Offering | Feb 21, 2025 | ||||
| Debt | Sep 5, 2024 | ||||
| IPO Announced | Jun 1, 2023 | ||||
| IPO Announced | Mar 3, 2023 | ||||
| IPO Announced | Sep 27, 2021 | ||||
Convertible Debt | May 4, 2021 |
Key People
Founding team and executive leadership
Abu Dhabi National Oil Company Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| First Abu Dhabi Bank | Debt, Follow-on Offering, IPO |
| BofA Securities | Debt, Follow-on Offering |
| Morgan Stanley | IPO, Debt |
| EFG Holding | IPO, Follow-on Offering |
| Citigroup | Debt, Follow-on Offering |
Abu Dhabi National Oil Company Filings
SEC and related filings with document metadata.
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|---|---|---|---|---|---|---|
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Appears On
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Frequently Asked Questions
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