Fluor Corp Stock Price, News & Analysis

Fluor Corporation (NYSE: FLR) has been awarded an $845 million contract by Hellas Gold, a subsidiary of Eldorado Gold Corp., for engineering, procurement, and construction management services for the Skouries gold-copper mining project in Greece. Scheduled to begin in 2023 and last 2.5 to 3 years, the project is expected to create 1,400 long-term jobs and produce an average of 140,000 ounces of gold and 67 million pounds of copper annually over its 20-year lifespan.

Fluor Corporation (NYSE: FLR) has announced the full redemption of €128,970,000 in 1.750% Senior Notes due January 31, 2023. The redemption will occur at 100% of the principal amount, plus accrued interest. A notice has been sent to registered holders, and the redemption will follow Euroclear and Clearstream procedures. Fluor, headquartered in Irving, Texas, reported $12.4 billion in revenue for 2021 and employs around 41,000 people globally.

Fluor Corporation (NYSE: FLR) announced the opening of the Medford Branch of the Green Line Extension light rail project in Massachusetts. Developed by the Green Line Extension Constructors joint venture, this project enhances transportation access in the Boston area. The 4-mile line expects a daily ridership of 45,000 by 2030. This line follows the first branch opened in March 2022 and aims to support regional mobility and reduce car traffic and emissions. The project is part of Massachusetts Bay Transportation Authority initiatives for sustainable urban growth.

Fluor Corporation (NYSE: FLR) has successfully completed the $666 million Southern Gateway project in Dallas, enhancing the Interstate 35-E (I-35E) corridor. This project, initiated by the Texas Department of Transportation in 2017, included the reconstruction and widening of 10 miles of highway, aimed at alleviating congestion and improving safety. The opening of the new road was celebrated by state and local leaders, affirming Fluor's commitment to regional infrastructure development.

Fluor Corporation (NYSE: FLR) and the Texas Department of Transportation recently broke ground on the I-35 Capital Express South project in Austin, Texas. Awarded in Q2 2022, the project aims to alleviate traffic congestion along I-35, which sees over 150,000 vehicles daily. Thomas Nilsson, president of Fluor’s Infrastructure business, highlighted the project’s role in enhancing mobility and supporting Texas's economic growth. Substantial completion is expected by early 2028.

Fluor Corporation (NYSE: FLR) has announced substantial engineering completion for Albemarle's Lithium Conversion project in Meishan City, Sichuan Province, China. This facility aims to produce 50,000 tons of lithium hydroxide per year, crucial for electric vehicle batteries. The project has reported over 3 million safe hours worked, showcasing significant safety milestones. Fluor continues to provide engineering, procurement, and construction management services, positioning Albemarle as a key player in the growing lithium market.

Fluor Corporation (NYSE: FLR) announced its participation in two investor conferences this year. On November 10, 2022, CFO Joe Brennan and IR head Jason Landkamer will attend the Baird Global Industrial Conference. Following this, they will join the Credit Suisse 10th Annual Industrials Conference on December 1, 2022, featuring a fireside chat at 8:45 a.m. ET. A live webcast and replay will be available at investor.fluor.com. Fluor, based in Irving, Texas, generated $12.4 billion in revenue in 2021.

Fluor Corporation (NYSE: FLR) has secured a contract for engineering and procurement services to develop a major renewable diesel complex at the Strathcona refinery in Alberta, Canada. This facility is projected to be the largest renewable diesel production site in Canada, producing 20,000 barrels daily from local feedstocks. The contract value was included in Fluor's third quarter 2022 bookings. Fluor's involvement aims to support sustainable energy initiatives, integrating their expertise with local resources.

Fluor Corporation (NYSE: FLR) has secured two engineering, procurement, and construction management contracts from BASF, valued at over $2 billion. These contracts are part of BASF's new Verbund program in Zhanjiang, Guangdong, China, and are expected to enhance Fluor's longstanding client relationship. The project scope includes the ethylene oxide/ethylene glycol unit and infrastructure utilities, supported by Fluor's Shanghai office. This contract adds to Fluor's significant history of projects with BASF over the past two decades.