Welcome to our dedicated page for Fluor Corporation news (Ticker: FLR), a resource for investors and traders seeking the latest updates and insights on Fluor Corporation stock.
Fluor Corporation (NYSE: FLR) is a global leader in engineering, procurement, fabrication, construction, maintenance, and project management services. With a legacy spanning over a century, Fluor is renowned for delivering solutions to some of the world's most complex and challenging projects.
Headquartered in Irving, Texas, this Fortune 500 company operates worldwide with a workforce of around 40,000 employees. Fluor's diverse portfolio spans various sectors including energy, chemicals, government, industrial, infrastructure, mining, and power. The firm's business is organized into three primary segments: urban solutions, mission solutions, and energy solutions.
Fluor's commitment to excellence is reflected in its consistent ranking on Fortune magazine’s Most Admired Companies list and Ethisphere Institute’s World’s Most Ethical Companies list. In 2014, the company was also recognized as one of North America Aon Hewitt Top Companies for Leaders.
In 2023, Fluor reported revenues of $15.5 billion, underscoring its significant market presence and operational efficacy. The company is currently engaged in numerous high-profile projects around the globe, leveraging its extensive expertise to deliver innovative and sustainable solutions.
Fluor's strategic partnerships and robust financial health position it as a key player in its industry, continually driving forward with new initiatives and expanding its impact on a global scale.
Fluor Corporation (NYSE: FLR) will host a conference call on May 5, 2023, at 8:30 a.m. Eastern to discuss its first-quarter results for the period ending March 31, 2023. Participants can access the call via telephone or listen to a live webcast on the company's investor relations website, investor.fluor.com. A replay of the call will be available for 30 days following the event. In 2022, Fluor reported revenue of $13.7 billion and is recognized among the Fortune 500 companies, ranked 259. The company has a strong global presence, providing solutions for engineering, procurement, and construction over its 110-year history.
Fluor Corporation (NYSE: FLR) has signed a license agreement with Federated Co-Operatives Limited (FCL) to implement its Econamine FG PlusSM carbon capture technology at FCL's Co-op Renewable Diesel Complex in Regina, Saskatchewan, Canada. This project is part of FCL's $2 billion investment aimed at integrating agricultural and energy solutions, with the facility expected to be operational by 2027. Fluor will also deliver a process design package to help FCL achieve a 40% reduction in greenhouse gas emissions by 2030. This agreement highlights Fluor's commitment to supporting decarbonization efforts, reflecting increasing activity in carbon capture technology.
Fluor Corporation (NYSE: FLR) has entered into a memorandum of understanding (MOU) with Longview Fusion Energy Systems, Inc. to partner in the design and planning of laser fusion energy plants. These plants are expected to generate carbon-free energy, with capacities ranging from 1,000 to 1,600 MW, sufficient to power small cities or provide industrial process heat. Fluor aims to leverage its extensive experience in building large-scale facilities to support Longview's fusion technology, which is based on a recent breakthrough at the National Ignition Facility. This partnership highlights Fluor's commitment to sustainable energy solutions and aims to meet the increasing global demand for clean energy.
Fluor Corporation (NYSE: FLR) has been awarded a significant contract by the U.S. Department of Energy (DOE) for the Hanford Integrated Tank Disposition, valued at up to $45 billion over a period of 10 years. This project involves environmental management operations at the Hanford Site in Washington state, which is critical for cleaning up radioactive waste from past nuclear fuel production. Fluor will operate the Hanford tank farm facilities and manage operations at the Waste Treatment and Immobilization Plant, among other responsibilities. This marks a continuation of Fluor's commitment to the Tri-Cities community, where it has been active for over 25 years.
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