WorleyParsons Sees More Tough Times for Oil & Gas Investments, Rosier Prospects for Chemicals

SUGAR LAND--February 25, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--WorleyParsons (North Sydney, Australia) expects sluggish project activity to persist in the oil and gas sector through 2016, but prospects look better for chemical investments. The global engineering and consultation firm reported net profits for the second half of 2015 fell 78% from the same period in 2014, as low oil and minerals commodity prices continued to take a toll on capital investments. Industrial Info is tracking more than $200 billion in active projects that involve Worley Parsons. Within this article: Earnings results for WorleyParsons. Additional companies: Royal Dutch Shell plc (NYSE:RDS.A)