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| Type | Public NYSE: FLR |
|---|---|
| Founded | Oshkosh, Wisconsin (1890) (as Rudolph Fluor & Brothers) |
| Headquarters | Irving, Texas, United States |
| Key people | Alan L. Boeckmann, Chairman and Chief Executive Officer D. Michael Steuert, Chief Financial Officer |
| Industry | Engineering, procurement, and construction, and Maintenance Services |
| Revenue | ▲ $22,326 million USD (2008)[1] |
| Operating income | ▲ $1,059 million (2008)[1] |
| Net income | ▲ $720 million USD (2008)[1] |
| Employees | Circa 42,000 (2008) |
| Website | www.fluor.com |
Fluor Corporation is a publicly owned engineering, procurement, construction, and maintenance services organization. Fluor is headquartered in the Las Colinas area of Irving, Texas. The company employs more than 41,000 international employees and maintains offices in over 25 countries. Fluor is a Fortune 500 company.
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History
The business was original established by John Simon Fluor, a Swiss immigrant, in 1890 at Oshkosh as the Fluor Brothers Construction Company.[2] In 1922 it was awarded a contract to build a natural gasoline plant for Richfield Oil so establishing its credentials in the construction of oil and gas facilities.[2] It was first incorporated in 1924.[2] In 1932 it was awarded its first major refinery contract for Shell Oil at Wood River.[2] It went on to secure its first major overseas contract for Aramco in Saudi Arabia in 1947.[2]
Then in 1955 it was contracted to undertake work for the US Air Force for work at the Dhahran Air Base in Saudi Arabia.[2] It started offshore operations in 1967[2] and built its first hydrocracker plant in 1968 for the American Oil Company in Texas City.[2]
In 1977 it acquired Daniel International Corporation and subsequently adopted the name Fluor Daniel for its main operating subsidiary.[2]
In 1995 the Company acquired ADP, a design and project management business, and in 1996 it bought Marshall Contractors.[3]
From 1998 until 2002, Philip J. Carroll was the CEO.[4] He is also an alumnus of Tulane University.[5]
In 2004, Fluor had to pay the joint venture partners of the Murrin Murrin nickel and cobalt mine $155 (AUD) million in an out of court settlement. It was their second successful claim against Fluor, Murrin Murrin owners having been awarded $147 (AUD) million from the first phase of their claim against the company earlier on, a sum which ultimately was reduced to $39.8 (AUD) million. The Murrin Murrin project's original cost estimate of $1 (AUD) billion had blown out $1.6 (AUD) billion.[6]
Prior to the relocation of the headquarters to Irving, Fluor had its headquarters in Irvine, California.[7] In 2006 Fluor began moving its headquarters to Irving, Texas.[8]
2009 marked Fluor's entrance in the Solar industry with a contract to design a 46MW Solar Thermal plant in a partnership with California based ESolar. [9]
Operations
The Company's clients include oil and gas, chemicals and petrochemicals, commercial and institutional, government services, life sciences, manufacturing, microelectronics, mining, power, telecommunications and infrastructure.
Major projects
Major contracts include the Trans-Alaska Pipeline System completed in 1977,[10] the $3.8bn Whiting refinery modernization contract for BP due to be completed in 2011[11] and the Eastern span replacement of the San Francisco–Oakland Bay Bridge due to be completed in 2013.[12]
Interruption of the project in Kuwait
The Kuwaiti government has recently informed the American company Fluor that it would be halting the construction of a new refinery in the country. Fluor was chosen by Kuwait's National Petroleum Company to manage the project, which was slated to earn the American company more than $2 billion. Fluor was not completely surprised by the cancellation, as Kuwait's Prime Minister Nasir al-Sabah was quoted by the local al-Watan newspaper as saying that the project would be halted due to economic inadvisability.[13]
References
- ^ a b c Annual Report 2008
- ^ a b c d e f g h i Fluor: History
- ^ Fluor Daniel And Marshall Contractors Announce Acquisition Press release, 13 November 1996
- ^ http://people.forbes.com/profile/philip-j-carroll/85098
- ^ http://www.bae-systems-marine.co.uk/aboutus/pcarroll.htm
- ^ Minara handed $155m for Murrin mine fiasco The Sydney Morning Herald, published: 6 May 2004, accessed: 10 September 2009
- ^ "Fluor Corporation Home Page." Fluor Corp. February 8, 1998. Retrieved on October 18, 2009.
- ^ Baker, Sandra. "Hoping for good luck: Fluor Corp. dedicates its new headquarters in Irving, where it is moving from California, with a giant horseshoe." Fort Worth Star-Telegram. June 6, 2006. Retrieved on October 18, 2009.
- ^ Fluor Wins Contract for 46-MW eSolar CSP Plant
- ^ Fluor: Trans-Alaska Pipeline
- ^ Fluor wins $3.8bn BP Whiting modernization project Mining News, 13 August 2008
- ^ Fluor: Bay Bridge
- ^ Kuwait halts refinery construction, Doron Peskin, Infoprod 24.03.09
External links
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