Fluor Incurs High Cost for U.S. Petchem Project, Backlog Grows
SUGAR LAND--November 7, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Declining crude oil and metals prices have hindered many new-project plans for Fluor Corporation's (NYSE:FLR) (Irving, Texas) clients, and have, in turn, weakened the engineering, procurement and construction (EPC) contractor's bottom line. Other factors weighing on third-quarter 2016 results included a massive after-tax charge related to delayed activity at a U.S. petrochemical facility. Industrial Info is tracking $214.54 billion in active projects involving Fluor.
Within this article: Details on Fluor's third quarter and highest-valued projects, including the Tengiz oil field in Kazakhstan, the Baytown complex in Texas and the Savannah River nuclear site.
Other companies featured: Chevron Corporation (NYSE:CVX), Honeywell International (NYSE:HON)
