About the Company
TechnipFMC plc is one of the leading companies in the energy industry that provides a wide range of solutions for oil and gas projects. It was formed following a merger between Technip and FMC technologies in 2017. The company is listed on two stock exchanges - New York Stock Exchange (NYSE) and Euronext. TechnipFMC plc shares are traded under the ticker symbol “FTI”. Presently, it operates in more than 45 countries worldwide and employs more than 35,000 workers. Some of its most popular projects include petrochemical plants, extraction platforms and crude oil refineries.
FTI’s business is segregated into three main segments - Surface Technologies, Technip Energies and Subsea. It has three headquarters in total; its operational headquarters are located in Houston and Paris. Whereas, its legal domicile is based in London, United Kingdom. In 2006, Technip FMC sold one of its subsidiaries - FMC Technologies Floating Systems to MODEC for approximately $54 million. This has been FTI’s largest sale till now.
Since its inception, FTI has acquired more than seven companies. In 2017, it completed the acquisition of Technip Group SA for an estimated $6.2 billion. Moreover, it has acquired companies from two states and five different countries.
In 2019, FTI announced that it generated annual revenue of $13.4 billion. In 2018, it was the recipient of a lucrative contract for a basic Hydrogen Generation Unit which was awarded by Hindustan Petroleum Corporation Ltd. (HPCL). In 2019, FTI was awarded the Global Supplier Recognition award by ConocoPhillips for its efficient customer services and commitment. In 2020, FTI was the recipient of an EPCM services contract involving the construction of a new complex for a crude oil refinery in Greece. In 2020, the company ranked 1525th on Forbes’s list of the world’s largest public companies (Forbes Global 2000).;
Organisation | TechnipFMC plc |
Industry | Oil & Gas Equipment & Services |
HeadQuarters | London |