Morningstar | Worley Completes Diversifying and Earnings-Doubling USD 3.2 Billion Acquisition of Jacobs ECR.
WorleyParsons is an established provider of engineering and other professional services to the oil, gas, mining, power, and infrastructure sectors. It primarily delivers projects, including engineering, procurement, and construction facets. Hydrocarbons is the largest business, with infrastructure and minerals, metals, and chemicals the balance. A recently completed AUD 4.6 billion acquisition of Jacobs ECR reduces reliance on hydrocarbons to 52% from 75% including downstream, and increased the revenue contribution from chemicals to 23% from 6%. WorleyParsons has a global presence with about 25,700 staff in 42 countries. Extensive professional skills, solid delivery capabilities, global scale, and strong customer relationships saw Worley's earnings balloon during the China-driven resources boom. Returns on invested capital were higher during the boom, but acquisitions detracted.WorleyParsons is a services provider to the resources, energy and industrial sectors. Co. has four business lines of Services, Major Projects, Improve and Advisian and three customer sectors, each of which is focused on customers involved in the following activities: Hydrocarbons, which includes the extraction and processing of oil and gas; Minerals, Metals and Chemicals, which includes the extraction and processing of mineral resources and the manufacture of chemicals; Infrastructure, which includes projects related to water, the environment, transport, ports and site remediation and decommissioning, and all forms of power generation, transmission and distribution.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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