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Adnoc Gas Beats Q2 Estimates as East Coast LNG Plan Bypasses Hormuz Chokepoint

Adnoc Gas Beats Q2 Estimates as East Coast LNG Plan Bypasses Hormuz Chokepoint

📊 Market Data Snapshot

24h Change
+0.00%
7d Change
+0.00%
Fear & Greed
34 Fear
Sentiment
đź”´ slightly bearish

Adnoc Gas reported second-quarter net income of $665 million on Friday, beating the average analyst estimate, as the Mideast conflict disrupted shipping through the Strait of Hormuz. Chief financial officer Peter van Driel also discussed plans for an LNG export plant on the UAE East Coast — a project that would let the country