KBR Takes $1.24 Million Fourth-Quarter Hit from Restructuring, Lower Revenues

SUGAR LAND--March 2, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--KBR Incorporated (NYSE:KBR) (Houston, Texas) posted a $1.24 billion loss for the fourth quarter of 2014, largely as a result of restructuring-related charges and a drop in revenue. For fourth-quarter 2013, the engineering, procurement and construction (EPC) contractor reported a net loss of $56 million. KBR is heavily involved in oil and gas production projects. Industrial Info is tracking 232 KBR-related projects worth $206.42 billion.

Within this article: Fourth-quarter earnings results for KBR, with details on key projects, such as an oil and gas production platform off the shore of Norway.

Additional companies: Statoil ASA (NYSE:STO)