TechnipFMC PLC (FTI)

TechnipFMC PLC (FTI)

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TechnipFMC Plc Profile

TechnipFMC Plc (FTI.xnys) is a French-American global oil and gas company that provides complete project life cycle and project tracking services for the energy industry headquartered in London, the United Kingdom (UK). The company focuses on offshore, onshore, and subsea projects, project management, engineering, procurement, and construction for the energy industry. TechnipFMC operates in 48 countries with a 35,000 employees workforce. TechnipFMC Plc (FTI.xnys) is listed on the New York Stock Exchange (NYSE), on the Euronext Paris as a CAC Next 20, and a Dow Jones Sustainability Indices (DJSI) constituent. TechnipFMC Plc has $3.25B (USD) in market cap, and its revenue has slightly decreased to $13.41B (USD) compared to 2019 revenue. In 2019, TechnipFMC paid approximately $300M (USD) to resolve allegations. It bribed government officials in Iraq and Brazil, including at the state-controlled oil-and-gas company Petróleo Brasileiro S.A. (Petrobras). TechnipFMC PLC stock performed well during September 2021, driven by optimism over rising oil prices spurred by widespread COVID-19 vaccine rollouts, the ongoing government stimulus, and the OPEC+ supply curtailments. The recovery in crude prices has lifted the oilfield service space and contributed to the strength of TechnipFMC Plc.

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