2. Abu Dhabi National Oil Company (ADNOC)

Established: 1971

Headquarters: U.A.E.

Group CEO and Managing Director: Sultan Ahmed Al Jaber

ADNOC aims to reduce its greenhouse gas intensity by 25% by 2030. In 2023, ADNOC has allocated an initial $15 billion over the next five years to advance lower-carbon solutions to achieve net zero by 2045. In May 2023, the company announced a low-carbon LNG growth project in Al Ruwais Industrial City in Abu Dhabi. In August 2023, ADNOC signed an agreement with the U.S.-based Occidental to accelerate net zero goals and evaluate carbon management projects in the U.A.E. and the U.S.

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