TechnipFMC's revenue 2010-2023

The oil and gas equipment company TechnipFMC generated a revenue of 7.8 billion U.S. dollars in 2023, up from 6.7 billion U.S. dollars in the previous year.

TechnipFMC's origin story

TechnipFMC emerged as the result of a merger in 2017 between the U.S. company FMC Technologies Inc. (founded in 2001) and the French company Technip SA (founded in 1958). Headquartered in Houston, Paris, and London, TechnipFMC has grown to become one of the leading companies in the global oil and gas equipment and services technology sector. TechnipFMC is comprised of two segments: subsea and surface. It is a vertically integrated provider of services related to the installation and maintenance of oil rigs. In recent years the company has also diversified into offshore wind and tidal energy.

The offshore service industry

TechnipFMC’s number of employees reached more than 25,000 people in 2023. This was less than half the workforce of its competitor Baker Hughes, which employed nearly 60,000 people. Other large offshore service providers include Haliburton and Weatherford International. There are more than 200 offshore oil rigs in operation year-round, compared with a total rig number of some 1,500 units.