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Fluor Corporation - statistics & facts
From the construction of LNG gas terminals and copper mines to decontamination projects, the North-American company Fluor Corporation is active on several quite different segments of the construction and engineering industries. Fluor has several subsidiaries that include businesses focused on oil and gas, industrial and infrastructure, as well as government and power. It was founded in 1912, and it has been active ever since in the construction of infrastructure such as oil refineries and pipelines for the oil and gas industry. Since its establishment, Fluor Corporation has expanded to include services like nuclear waste cleanup projects, other environmental projects, and it has taken part in efforts such as rebuilding after the Iraq War and Hurricane Katrina.
Although Fluor's finances have suffered in the past years, the company has started increasing its revenue and number of contracts awarded. As it still is one of the most relevant players in the construction and engineering industry, Fluor is well positioned to maintain that growth in the next years.
The Fluor Corp. is a household name in the construction business
The Fluor Corporation also happens to be one of the leading construction contractors in the United States, but also worldwide. In 2023, the company with headquarters in Texas won nearly 20 billion U.S. dollars in new contracts, which is nevertheless a smaller figure than that reached a decade earlier. Nevertheless, Fluor seems to be in a better position, as it has signed more contracts than in 2017, and 2019 through to 2021, when they amounted to less than 11 billion U.S. dollars. Fluor was also also ranked as the third biggest U.S. construction contractor by value of new contracts in 2023, putting it in a good position for the coming years. In the past few decades, Fluor began to offer services such as equipment rentals and staffing.Promising future ahead
In 2023, the construction and engineering company generated around 15.5 billion U.S. dollars revenue, the largest share of which corresponded to projects in the United States. The Fluor Corporation had a consolidated backlog of around 29.4 billion U.S. dollars, and its total assets were valued at nearly seven billion U.S. dollars in 2023. All those financial figures are lower than those reached by the company a decade earlier. However, after years of stagnation, those values representing the assets and revenue of the company have increased again in 2023, with its backlog of orders having increased substantially in both 2022 and 2023.Although Fluor's finances have suffered in the past years, the company has started increasing its revenue and number of contracts awarded. As it still is one of the most relevant players in the construction and engineering industry, Fluor is well positioned to maintain that growth in the next years.
