Is ADNOC owned by the government?
ADNOC is wholly owned by the government of the Emirate of Abu Dhabi, functioning as a strategic state-owned enterprise charged with managing the nation's hydrocarbon wealth. The Supreme Petroleum Council and subsequent state governing bodies establish its overarching strategic direction, capital expenditure budgets, and resource development priorities. While several key operating subsidiaries—such as ADNOC Distribution, ADNOC Drilling, and ADNOC Gas—have completed public offerings and trade on stock exchanges, the core parent corporation remains securely under state ownership, aligning its commercial goals with national economic development.
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