Fluor Corporation provides professional and technical solutions that deliver safe, well-executed, capital-efficient projects to its clients around the globe.
The company provides EPC, fabrication and modularization, and project management services. It provides services to its clients in diverse industries worldwide, including advanced technologies and manufacturing, chemicals, infrastructure, life sciences, LNG, mining and metals, nuclear project services, energy transition, and oil and gas pro...
Fluor Corporation provides professional and technical solutions that deliver safe, well-executed, capital-efficient projects to its clients around the globe.
The company provides EPC, fabrication and modularization, and project management services. It provides services to its clients in diverse industries worldwide, including advanced technologies and manufacturing, chemicals, infrastructure, life sciences, LNG, mining and metals, nuclear project services, energy transition, and oil and gas production and fuels. The company provides services to the U.S. federal government and governments abroad.
Strategic Priorities
The key elements of the company’s strategy are to drive growth across its portfolio by diversifying markets outside of the traditional oil and gas sector, including energy transition, advanced technology and life sciences, high-demand metals, infrastructure, and nuclear and civil, defense and intelligence for governments; and pursue contracts with fair and balanced commercial terms, focusing on more favorable, risk-adjusted agreements that reward the company for delivering value to its clients and better share certain execution risk more equitably.
Core Values
The company’s Core Values serve as its behavioral compass, guiding all of its actions.
General Operations
The company’s services fall into six broad categories and can range from basic consulting activities, often at the early stages of a project, to complete design-build, operations, and maintenance contracts.
In engineering and design, the company develops solutions to address its clients’ most complex challenges. The company’s engineering services encompass traditional engineering disciplines, such as piping, mechanical, electrical, control systems, civil, structural, and architectural, as well as advanced engineering specialties, including process engineering, chemical engineering, simulation, integrated automation processes, and interactive 3-D modeling. Through its design solutions, the company offers a range of services, including front-end engineering, conceptual design, estimating, feasibility studies, permitting, process simulation, technology and licensing evaluation, scope definition, and siting.
Project management involves managing all aspects of the effort to deliver projects on schedule and within budget, and is critical on every project. The company’s project management services include logistics, development of project execution plans, detailed schedules, cost forecasts, progress tracking and reporting, and the integration of EPC efforts.
The company’s procurement offerings provide supply chain solutions aimed at improving product quality and performance while reducing project costs and schedules. Clients benefit from the company’s global sourcing and supply expertise, purchasing power, technical knowledge, processes, systems, and experienced global resources. The company’s procurement activities include strategic sourcing, material management, contracts management, buying, expediting, supplier quality inspection, and logistics.
In construction, the company mobilizes, executes, and commissions projects on a self-perform and/or subcontracted basis. It is generally responsible for project completion, often in difficult locations and under challenging circumstances. The company is frequently designated as program manager and serves as such in cases where the client has facilities in multiple locations, complex phases in a single project location, or a large-scale investment in one facility.
The company offers operations and maintenance services designed to enhance the efficiency or extend the life of its clients’ facilities. These services may include facility management, technical facility operations, plant readiness, commissioning, start-up and maintenance technology, small capital projects, turnaround and outage services, and recapitalization of facilities and infrastructure. Additionally, the company can provide key management, staffing, and management skills to clients on-site at their facilities.
The company also offers a variety of fabrication and modularization services, including integrated engineering and modular fabrication and assembly, as well as modular construction and asset support services to clients through its joint ventures.
Business Segments
The company operates its business through three principal segments: Urban Solutions, Energy Solutions, and Mission Solutions. It also has smaller operations that it reports as its Other segment.
Urban Solutions
Urban Solutions includes businesses to meet the company’s clients' needs in evolving and growing markets. For the advanced technologies and manufacturing market, the company provides front-end engineering, program management, and EPC services to a diverse range of companies globally. Its experience spans a wide variety of market segments, including advanced materials, data centers, semiconductors, smart batteries, fast-moving consumer goods, food and beverage, and specialty products. The company specializes in designing projects that incorporate lean manufacturing concepts, and its clients focus on solutions that accelerate time to market.
In life sciences, the company offers front-end studies and EPC services to the pharmaceutical, biotechnology, medical device, and animal health industries. It also specializes in providing validation and commissioning services, bringing new facilities online and extending the life or improving the capabilities of existing facilities.
In mining and metals, the company provides a comprehensive range of services to clients producing various commodities, including copper, lithium, rare earth minerals, iron ore, bauxite, alumina, aluminum, steel, diamond, gold, and fertilizers. It supports clients in meeting the growing demand for copper and battery metals, including lithium, platinum, and nickel. The company also serves the fertilizer industry and provides services in the downstream metals market. Its services include conceptual and feasibility studies through detailed EPC, commissioning, and startup support. Many of the company’s opportunities are in remote and logistically challenging environments, such as the Andes Mountains, Western Australia, and Africa.
In infrastructure, the company supports the development of projects with a focus on state departments of transportation. It provides a broad range of services, including consulting, design, planning, financial structuring, engineering, construction, and operation and maintenance services, often delivered under joint ventures with other companies. Continuing urbanization and the replacement and expansion of aging infrastructure in North America continue to drive project opportunities.
The segment's staffing services are often provided through TRS Staffing Solutions, a global staffing specialist that supplies the company and third-party clients with technical, professional, and craft resources either on a contract or more permanent placement basis.
In North America, Plant & Facility Services provides clients with a comprehensive suite of outsourced and consultative reliability and maintenance services, focusing on power generation and the industrial manufacturing sector.
Energy Solutions
Energy Solutions segment offers EPC services for traditional oil and gas markets, including the production and fuels, chemicals, LNG, and power markets. The company is a partner in the production of safer, cleaner, and sustainable solutions to meet the world's increasing energy and chemicals demand. The company serves clients in these industries with comprehensive project life-cycle services, including expansion and modernization projects, as well as in sustaining capital work. Its extensive skill set also supports energy transition markets, including nuclear power and other low-carbon energy sources, asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, and hydrogen.
The company’s role varies with each project. It may provide front-end engineering, program management, and final design services, construction management services, self-perform construction, or oversight of other contractors. It has the capacity to design, fabricate, and construct new facilities, upgrade, optimize, modernize, and expand existing facilities. The company also provides consulting services ranging from feasibility studies to process assessments to project finance structuring.
In production and fuels, the company executes projects for the oil and gas production, processing, and refining industries, including energy transition. In the upstream sector, its projects typically involve the production, processing, and transporting of oil and gas, including infrastructure development for major new fields and pipelines. The company is also involved in offshore production facilities and gas processing projects. In the downstream sector, its clients are modernizing and modifying existing refineries to increase capacity, improve margins, and reduce environmental impact. The company is active in repurposing existing refining facilities for renewable fuel production and focusing on other transition markets, such as carbon capture and sequestration, blue and green hydrogen, ammonia, and other low-carbon solutions, as clients and countries implement sustainable energy goals.
The company has been very active for several decades in the chemicals and petrochemicals market, with major projects in the ethylene-based markets and various specialty chemicals. It is also involved in battery chemicals projects and implementing lower-carbon solutions on existing and new chemical facilities.
In LNG and power, the company has participated in a wide range of LNG developments, including liquefaction, floating LNG facilities, mid-scale LNG solutions, and regasification terminals. Its work in LNG includes feasibility studies, technology evaluations, process equipment optimization and selection, basic design, front-end engineering and design, detailed EPC, and start-up assistance. In the power market, the company can provide a full range of services utilizing small modular and conventional nuclear reactor technologies, as well as solutions utilizing thermal power sources.
Mission Solutions
Mission Solutions provides high-end technical solutions to the U.S. and other governments. The company delivers solutions for nuclear security and operations, nuclear waste management, and laboratory management. Additionally, it is providing site management, environmental remediation, and decommissioning of facilities, successfully addressing environmental and regulatory challenges associated with nuclear sites. The company also provides services to commercial nuclear clients. In civil services, it is a partner to FEMA for disaster recovery and emergency response.
In its national security business, the company delivers operations and maintenance, global logistics, EPC, life support, and operations of mission-critical facilities across U.S. military service organizations. It can rapidly mobilize people and equipment to deliver solutions globally, often in harsh environments. The company is capable of delivering solutions to its military clients irrespective of the location or the speed required. It also offers a bench of security-cleared personnel providing critical solutions to clients in the intelligence community, including data center management, operations and maintenance of secure facilities, and technology platform services. The company constructs and renovates secure facilities around the world for various agencies in support of their enduring missions.
Other
Other operations principally include NuScale Power Corporation (NuScale), in which it is a substantial investor, and the remaining operations of Stork. NuScale has developed SMR technology that is NRC approved. It remains an early-stage business that bears significant expenses and losses to advance toward commercialization of its reactor technology. NuScale's success is yielding opportunities for the company’s Energy Solutions segment.
In the first quarter of 2024, the company completed the sale of Stork's operations in continental Europe. During April 2024, it also entered into a definitive agreement to sell Stork's U.K. operations, which it completed in the first quarter of 2025. The sale did not meet the requirements for discontinued operations as of December 31, 2024. In the third quarter of 2024, the company decided to close its Stork operations in Trinidad and Tobago, which required it to take a severance charge.
Competition
A large number of companies compete against the company, including U.S.-based companies, such as AECOM, Amentum Services, Inc., Bechtel Group, Inc., Black & Veatch, Burns & McDonnell, BWXT Technologies, Inc., EMCOR Group, Inc., Jacobs Solutions, Inc., KBR, Inc., Kiewit Corporation, Parsons Corporation, Turner Construction Company, V2X, Inc., and Zachry Group, and international-based companies, such as ACS Actividades de Construccion y Servicios, Balfour Beatty plc, Chiyoda Corporation, Exyte GmbH, Hatch Ltd., JGC Corporation, Petrofac Limited, AtkinsRéalis, Technip Energies N.V., Wood Group plc, and WorleyParsons Limited.
Significant Clients
For 2024, revenue earned from agencies of the U.S. government accounted for 16% of the company’s total revenue.
Government Regulations
The services the company provides to the U.S. federal government are subject to Federal Acquisition Regulation, the Truth in Negotiations Act, Cost Accounting Standards, the Services Contract Act, False Claims Act, export controls rules, and Department of Defense security regulations, as well as many other laws and regulations.
The company is subject to the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act of 2010, and similar anti-bribery laws, which generally prohibit companies and their intermediaries from making improper payments to foreign government officials for the purpose of obtaining or retaining business. To the extent the company exports technical services, data, and products outside of the U.S., it is subject to U.S. and international laws and regulations governing international trade and exports, including but not limited to, the International Traffic in Arms Regulations, the Export Administration Regulations, and trade sanctions against embargoed countries.
History
Fluor Corporation was founded in 1912. The company was incorporated in 2000.