Fluor Corp - FLR STOCK NEWS

Fluor (NYSE: FLR) has announced the successful completion and startup of Tengizchevroil's (TCO) Future Growth Project at the Tengiz oil field in Kazakhstan. The project, led by Fluor's joint venture with Worley, Kazakh Institute of Oil and Gas, and KazGiproNefteTrans Engineering Company, marks a significant milestone in oil production capabilities.

The centerpiece of the project is the new Third-Generation Plant (3GP), which will help TCO reach a total annual crude oil production of approximately 40 million tons per annum once all facilities are operating at full capacity. The project has also contributed to Kazakhstan's economic development through educational programs and building local engineering capabilities.

TCO is owned by Chevron (50%), KazMunayGas (20%), ExxonMobil (25%), and Lukoil (5%). Fluor, with $16.3 billion in revenue for 2024 and ranked 265 on the Fortune 500, has been active in Kazakhstan since 1982.

Hewlett Packard Enterprise (NYSE: HPE) has appointed Stacy Dillow as executive vice president and chief people officer (CPO), effective May 1, 2025. Dillow joins HPE from Fluor , where she served as executive vice president and Chief Human Resources Officer for over five years.

With nearly 30 years of experience across North America, Europe, and Asia, Dillow brings expertise in leading transformations. At Fluor, she focused on aligning HR with business success, fostering purpose-driven culture, and modernizing the company's brand. She holds a bachelor's degree in Chemical Engineering from the University of Colorado Boulder and previously worked at Unilever, managing supply chain transformation across Southeast Asia and Australia.

Dan Domenech, who has been serving as HPE's interim Chief People Officer, will continue as Chief Talent Officer, focusing on talent attraction and retention.

Fluor (NYSE: FLR) has announced it will host its first quarter 2025 earnings conference call on Friday, May 2, 2025, at 8:30 a.m. Eastern. The call will feature incoming CEO Jim Breuer and CFO John Regan, with financial results to be released before market open.

The company will provide access to the call via webcast at investor.fluor.com and telephone (+1 888-800-3960 for U.S./Canada). A webcast replay will be available for 30 days.

Fluor, ranked 265 on the Fortune 500, reported revenue of $16.3 billion in 2024. The company employs nearly 27,000 people and provides engineering, procurement, and construction services globally from its Irving, Texas headquarters.

Fluor (NYSE: FLR) has received a letter of intent for a multi-billion-dollar EPCM contract to build a second pharmaceutical facility in Lebanon, Indiana. The project, to be recognized as a new award in Q1 2025, follows a previous multi-billion-dollar project awarded in 2023.

The facility will manufacture peptide-based drugs for Type 2 diabetes and weight control, representing the largest investment in an active pharmaceutical ingredient facility in U.S. history. The project is described as one of the largest life science endeavors ever undertaken in a single initiative.

Fluor, with $16.3 billion in revenue in 2024 and ranked 265 on Fortune 500, will provide engineering, procurement and construction management services for this mega-project.

Fluor (NYSE: FLR) has secured a $671 million construction contract from the Texas Department of Transportation (TxDOT) for the State Highway 6 (SH 6) project in College Station, Texas. The contract will be recognized in Q1 2025.

The project involves reconstructing and widening a 12-mile stretch of highway from two lanes to three lanes in each direction. Construction is set to begin in Summer 2025 with completion expected in Spring 2030.

SH 6 serves as a important north-south highway for Bryan, College Station, Texas A&M University, and Brazos County, functioning as part of the Texas Highway Freight Network, Texas Highway Trunk System, and Hurricane Evacuation Route. Fluor, which reported revenue of $16.3 billion in 2024, continues its 25-year history of infrastructure development in Texas.

Fluor (NYSE: FLR) has announced the appointment of Tracey Cook as Chief Human Resources Officer (CHRO), effective April 7, 2025. Cook, currently Senior Vice President of Human Resources, will succeed Stacy Dillow, who is departing to pursue other opportunities.

Cook brings 35 years of experience with Fluor, having served in various senior leadership roles including Finance and as President of AMECO, Fluor's former equipment subsidiary. The appointment aligns with Fluor's succession planning process overseen by the Board.

Fluor, headquartered in Irving, Texas, employs nearly 27,000 people and reported revenue of $16.3 billion in 2024. The company ranks 265 on the Fortune 500 list and provides engineering, procurement, and construction services globally.

Fluor (NYSE: FLR) has announced a live strategy update webcast scheduled for Wednesday, April 2, 2025 at 8:00 a.m. Eastern. The event will feature key leadership presentations from CEO David Constable, COO Jim Breuer, CFO John Regan, and segment leaders discussing the company's strategic plan, followed by a Q&A session.

The webcast will be accessible through Fluor's Investor Relations website at investor.fluor.com, where supporting materials will be available and a replay will be posted after the event.

Fluor, ranked 265 on the Fortune 500, reported revenue of $16.3 billion in 2024. The company employs nearly 27,000 professionals worldwide, providing engineering, procurement, and construction services. Based in Irving, Texas, Fluor delivers capital-efficient projects through professional and technical solutions.

Fluor (NYSE: FLR) has announced the successful completion and startup of Tengizchevroil's (TCO) Future Growth Project at the Tengiz oil field in Kazakhstan. The project, led by a Fluor joint venture including Worley, Kazakh Institute of Oil and Gas, and KazGiproNefteTrans Engineering Company, has provided engineering, procurement, construction, and maintenance services since 2011.

The project milestone includes the construction of a new Third-Generation Plant (3GP) at the Tengiz field, which was discovered in 1979. Once all facilities are operating at full capacity, TCO's total annual crude oil production is expected to reach 40 million tons per annum. The project has also contributed to Kazakhstan's economic development through educational programs and building local capabilities.

Tengizchevroil LLP is owned by Chevron (50%), KazMunayGas (20%), ExxonMobil (25%), and Lukoil (5%). Fluor, with revenue of $16.3 billion in 2024, continues its century-long legacy in engineering, procurement, and construction services.

Fluor (FLR) reported strong financial results for 2024, with revenue of $16.3 billion and net income of $2.1 billion ($12.30 per diluted share). The company secured $15.1 billion in new awards, with 85% being reimbursable, and maintained a backlog of $28.5 billion, of which 79% is reimbursable.

Key highlights include record operating cash flow of $828 million, the highest since 2015, and a $1.6 billion gain from the deconsolidation of NuScale investment. The company executed $125 million in share repurchases during Q4 and plans $300 million for 2025.

Looking ahead, Fluor provided 2025 guidance with adjusted EBITDA of $575-675 million and adjusted EPS of $2.25-2.75 per share.