Fluor Corporation
 | This article may require cleanup to meet Wikipedia's quality standards. (January 2011) |
| Type | Public NYSE: FLR |
|---|---|
| Industry | Engineering, Procurement, and Construction, and Maintenance Services |
| Founded |
Oshkosh, Wisconsin (1890) (as Rudolph Fluor & Brothers) |
| Headquarters | Irving, Texas, United States |
| Key people |
David T. Seaton, Chairman and Chief Executive Officer |
| Revenue |
 $22 Billion USD (2008)[1] |
| Operating income |
$1.059 Billion (2008)[1] |
| Net income |
$720 million USD (2008)[1] |
| Employees | Circa 49,229 (2011)[2] |
| 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 and a S&P 500 company.
Contents
History
The business was originally established by John Simon Fluor, a Swiss immigrant, in 1890 at Oshkosh, WI as the Fluor Brothers Construction Company.[3] 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.[3] It was first incorporated in 1924.[3] In 1932 it was awarded its first major refinery contract for Shell Oil at Wood River.[3] It went on to secure its first major overseas contract for Aramco in Saudi Arabia in 1947.[3]
Then in 1955 it was contracted to undertake work for the US Air Force for work at the Dhahran Air Base in Saudi Arabia.[3] It started offshore operations in 1967[3] and built its first hydrocracker plant in 1968 for the American Oil Company in Texas City.[3]
In 1977 it acquired Daniel International Corporation and subsequently adopted the name Fluor Daniel for its main operating subsidiary.[3]
In 1981 it acquired St. Joe Minerals bringing ownership of large lead, zinc and coal operations (the company had built many of the support buildings for the company).[4]
However, prices of metal dropped after the acquisition. In 1987 it sold its zinc operations to Horsehead Corporation.
In 1994 it sold its lead mines Doe Run Company.[5]
In 1995 the Company acquired ADP, a design and project management business, and in 1996 it bought Marshall Contractors.[6]
In 2000 it spun off its coal operations to Massey Energy Corporation.[5]
From 1998 until 2002, Philip J. Carroll was the CEO.[7] He is also an alumnus of Tulane University.[8]
Prior to the relocation of the headquarters to Irving, Fluor had its headquarters in Aliso Viejo, California.[9] In 2006 Fluor began moving its headquarters to Irving, Texas.[10]
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.[11]
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. Fluor operates in five major business divisions, which are the following:
Oil & Gas - Primarily serving industries of Upstream oil and gas production, refining of downstream, petrochemical and chemicals.
Industrial & Infrastructure – business line that focused with transportation, wind power, mining and metals, life sciences, manufacturing, commercial and institution, telecommunications, microelectronics, and healthcare sectors.
Government – support operations for different U.S. Government agencies such as Department of Energy, the Department of Homeland Security, and the Department of Defense.
Global Services – a wide range of customized engineering research and services for existing facilities, such as process and methods betterment and performance improvement.
Power – business division focused on providing full Engineering, Procurement, Construction, and Management Services for power generating markets that include gas fired, solid fueled, renewable energy, and nuclear. [12]
Major projects
Major contracts include the Trans-Alaska Pipeline System completed in 1977,[13] the $3.8bn Whiting refinery modernization contract for BP due to be completed in 2011[14] and the Eastern span replacement of the San Francisco–Oakland Bay Bridge due to be completed in 2013.[15]
Fluor is also one of three companies awarded contracts under the LOGCAP program (United States Army).
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.[16]
References
- ↑ 1.0 1.1 1.2 Annual Report 2008
- ↑ Annual Report 2010
- ↑ 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 Fluor: History
- ↑ "ST. JOE MINERALS NET DROPS 5.7% - New York Times". Nytimes.com. 1981-07-23. http://www.nytimes.com/1981/07/23/business/st-joe-minerals-net-drops-5.7.html. Retrieved 2010-04-23.
- ↑ 5.0 5.1 http://www.fundinguniverse.com/company-histories/Massey-Energy-Company-Company-History.html
- ↑ Fluor Daniel And Marshall Contractors Announce Acquisition Press release, 13 November 1996
- ↑ Forbes. http://people.forbes.com/profile/philip-j-carroll/85098.
- ↑ http://www.bae-systems-marine.co.uk/aboutus/pcarroll.htm
- ↑ "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
- ↑ Annual Report 2010
- ↑ 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
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