ADNOC has announced the launch of XRG, a new international investment company specialising in lower-carbon energy and chemicals, with an enterprise value exceeding $80bn (Dh293.8bn).

Abu Dhabi state oil giant ADNOC's 14.7 billion euro ($17.2 billion) bid for German chemicals company Covestro may face ...

The preliminary investigation indicates that ADNOC and Covestro may receive foreign subsidies distorting the EU internal ...

The $36bn takeover of Santos by the Abu Dhabi state oil company is not in Australia’s best interest, the chief executive of ...

XRG executive chairman and ADNOC CEO Sultan Al Jaber said: “The formation of Arcius Energy marks an exciting new chapter in our long-standing partnership with bp, and fully aligns with XRG’s ...

disclosed the financial close and completed formation of their new joint venture, Arcius Energy. Formed in February 2024, Arcius Energy is 51% owned by BP and 49% by XRG, ADNOC’s investment company.

ADNOC and Bank of America declined to comment. XRG, which ADNOC has said has $80 billion in assets, has a mandate to pursue global deals in chemicals, natural gas and renewables, as the emirate seeks ...

Occidental’s first direct air capture (DAC) hub is set to begin capturing carbon dioxide later this year, chief executive ...

HOUSTON, May 16, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) and its subsidiary 1PointFive today announced an agreement with XRG, ADNOC’s investment company, to evaluate a potential joint ...

Abu Dhabi National Oil Company (Adnoc) is set to transfer its 24.9% shareholding in Austrian energy player OMV to XRG, Adnoc's wholly owned international investment company. The transfer is ...