FLR Fluor Corporation

Fluor Awarded Two Contracts for the BASF Zhanjiang Verbund Site Project in China

(NYSE: FLR) announced today that the company was awarded two reimbursable engineering, procurement and construction management contracts by BASF for the ethylene oxide/ethylene glycol and infrastructure, offsites and utilities packages as part of the company’s new Verbund program in Zhanjiang, Guangdong province, China. The contract value to Fluor is more than $2 billion and was booked in the third quarter of 2022.

“Over the past 20 years, Fluor has executed a significant amount of work with BASF in China,” said Jim Breuer, group president of Fluor’s Energy Solutions business. “Fluor values this longstanding relationship and looks forward to continuing this trusted partnership.”

Fluor’s project scope of work for BASF’s Zhanjiang Verbund site project consists of two primary packages including the ethylene oxide/ethylene glycol derivative unit and the infrastructure, offsites and utilities scope, comprised of site infrastructure, utility generation and site logistics. Fluor is also performing services as part of the centralized program management team activities.

The project will be led by Fluor’s Shanghai, China, office.

Fluor Corporation

(NYSE: FLR) is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 41,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $12.4 billion in 2021 and is ranked 259 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 110 years. For more information, please visit or follow Fluor on , , and .

EN
03/10/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Fluor Corporation

 PRESS RELEASE

Fluor-Led JV Supports Successful Completion and Startup of Major Proje...

IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) is pleased to announce that it successfully led a joint venture that supported the completion and startup of Tengizchevroil’s (TCO) Future Growth Project (FGP) at the Tengiz oil field in Kazakhstan. The Fluor-led joint venture, including partners Worley, Kazakh Institute of Oil and Gas, and KazGiproNefteTrans Engineering Company, has provided a suite of engineering, procurement, construction, operations and maintenance services for TCO since 2011. This press release features multimedia. View the full release here: An aerial view of the Third-Genera...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

 PRESS RELEASE

Fluor Reports Fourth Quarter and Full Year 2024 Results

IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) announced financial results for its year ended December 31, 2024. Revenue for 2024 was $16.3 billion and net income attributable to Fluor was $2.1 billion, or $12.30 per diluted share, reflecting the deconsolidation and subsequent remeasurement of Fluor’s investment in NuScale. Consolidated segment profit1 for the year was $635 million, compared to $537 million in 2023. Including the adjustments outlined in the reconciliation table at the end of this release, the company recognized adjusted EBITDA1 of $530 million and adjusted diluted earnings per ...

 PRESS RELEASE

Fluor Announces Appointment of Jim Breuer as CEO; David E. Constable t...

IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) announced today that its Board of Directors has appointed Chief Operating Officer (COO), Jim Breuer, as Chief Executive Officer (CEO), effective May 1, 2025. David E. Constable, Fluor’s current Chairman and CEO, will transition into the role of Executive Chairman on the same date, ensuring continuity of leadership and strategic direction of the company. This press release features multimedia. View the full release here: Jim Breuer named Fluor Chief Executive Officer, effective May 1, 2025. (Photo: Business Wire) Breuer has held the role of COO sinc...

 PRESS RELEASE

Fluor to Participate in Upcoming Investor Conferences

IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) announced today that John Regan, Executive Vice President and incoming Chief Financial Officer and Jason Landkamer, Vice President, Investor Relations, will be hosting one-on-one meetings at the following conferences during the first quarter of 2025: February 19: Barclays 42nd Annual Industrial Select Conference February 20: Citi's 2025 Global Industrial Tech and Mobility Conference Jim Breuer, Chief Operating Officer, will also be in attendance at the Barclays conference. About Fluor Corporation (NYSE: FLR) is building a better world b...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch