Fluor

What Fluor does

Fluor Corporation (NYSE: FLR), founded in 1912 and headquartered in Irving, Texas, is one of the world's largest publicly traded engineering, procurement, fabrication, construction, and maintenance (EPC/EPCM) firms, with nearly 27,000 employees across more than 60 global locations. The company operates through three reporting segments: Energy Solutions (LNG, refining, petrochemicals, carbon capture, hydrogen, nuclear SMRs), Urban Solutions (infrastructure, mining, metals, advanced technologies, manufacturing, life sciences, data centers, and the TRS Staffing Solutions professional workforce subsidiary), and Mission Solutions (U.S. and allied government work in national security, nuclear technology, decommissioning, and emergency response). Service delivery is anchored by proprietary platforms and technologies including MasterPlant (with Coreworx for project collaboration and document management), OptimEyes (project performance monitoring), FOCUS (execution control), Knowledge OnLine (internal knowledge management), QuickPlant (modular fabrication), and process technologies such as Econamine / Econamine FG / Econamine FG Plus for post-combustion carbon capture, Fluor Solvent and FLEXSORB for acid gas removal, and Fluor SOx Technology for emissions reduction.

Fluor's revenue model is project-based: it secures contracts through competitive bids, sole-source negotiations, and long-term enterprise relationships across energy, chemicals, mining, infrastructure, and government clients. Contracts are recognized over time under the percentage-of-completion method and are structured as either fixed-price or reimbursable, with the company having deliberately shifted roughly 82% of its $25.5 billion backlog to reimbursable terms to reduce margin volatility. Recent multi-billion-dollar commitments include LNG Canada Phase 2 (JGC JV), TCO Future Growth Project in Kazakhstan, Centrus Energy uranium enrichment expansion, X-energy Xe-100 SMRs at Dow's Seadrift site, RoPower SMR deployment in Romania, the TeraWulf 480 MW data center, the America First Refining Brownsville refinery, Anglo American's Woodsmith polyhalite mine, and U.S. DOE Hanford and Naval Nuclear Laboratory work. Following the April 2025/2026 full divestiture of its NuScale Power stake for $2.43 billion in gross proceeds (a 326% return on a $570 million 2011 investment), Fluor has redeployed capital into $754 million of 2025 buybacks, a $1.4 billion 2026 repurchase program, and debt reduction, while activist investor Starboard Value took a nearly 5% stake in October 2025.

Name

Fluor

Legal name

Fluor Corporation

Website

https://fluor.com

Company type

Public

Founded year

1912

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Fluor Corporation is a global engineering, procurement, fabrication, construction, and maintenance firm serving enterprise and government clients in energy, chemicals, mining, infrastructure, nuclear, and data centers across more than 60 countries, with roughly 27,000 employees and three operating segments.

Ownership category

akta.pro rank

Product category

Engineering, Procurement and Construction (EPC) Services

NAICS

Custom Computer Programming Services (541511)

SIC

General Industrial Machinery & Equipment (3560), Services-Prepackaged Software (7372)

akta.pro primary industry

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

akta.pro secondary industries

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE), Supplier Engagement & Value-Chain Decarbonization Programs (EUABAKAE), Supply Chain (Scope 3) Emissions & Supplier Engagement Platforms (EUABAEAE)

Keywords

• Engineering procurement construction
• Capital project management
• EPCM services
• Industrial construction solutions
• Government nuclear services

Headquarters

HQ city

Irving

HQ country

United States

HQ region

North America

Offices25 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. EPC Project Revenue: Engineering, Procurement, and Construction (EPC) contracts for large-scale capital projects. Revenue is recognized over time as projects are executed, based on the percentage-of-completion method. Contracts may be fixed-price or reimbursable (cost-plus). Fluor has been shifting its portfolio toward more predictable reimbursable contract terms, with approximately 82% of its $25.5 billion backlog on reimbursable terms as of 2025.
2. Government Services: Mission Solutions segment provides services to U.S. government and select international governments, including nuclear technology, national security, and emergency response. Includes long-term contracts with the U.S. Department of Energy (DOE) and other agencies, as well as decommissioning and environmental remediation services.
3. Professional Staffing (TRS Staffing Solutions): Professional and craft staffing services through TRS Staffing Solutions subsidiary, providing recruitment and workforce solutions to clients across industries.
4. Share Repurchases: Fluor is using proceeds from the $2.43 billion NuScale Power stake divestiture to fund aggressive share repurchases targeting $1.4 billion in 2026, alongside debt reduction and strategic reinvestment.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Fluor is a global engineering, procurement, construction, fabrication, and maintenance (EPCM) firm that delivers large-scale capital projects for clients in energy, chemicals, mining, infrastructure, government, advanced technologies, and life sciences. Organized into three segments—Energy Solutions, Urban Solutions, and Mission Solutions—the company executes projects from conceptual design through operations and maintenance, using proprietary platforms such as MasterPlant® and process technologies including Econamine®, FLEXSORB®, and Fluor Solvent. Revenue is earned primarily through project-based EPCM contracts (reimbursable and fixed-price) awarded via competitive bidding, sole-source negotiation, and long-term relationships, with government work conducted through long-duration U.S. DOE, DOD, and allied nation contracts.

Product overview

Fluor Corporation operates as a global engineering, procurement, and construction (EPC) company organized into three core business segments: Energy Solutions, Urban Solutions, and Mission Solutions. The company offers an integrated suite of services including engineering and design, procurement, fabrication, construction, and maintenance, supported by proprietary platforms such as MasterPlant® (which includes Coreworx for project collaboration). Fluor serves clients across traditional energy, emerging energy technologies, infrastructure, mining, manufacturing, life sciences, government, and digital infrastructure sectors. With approximately 27,000 professionals in more than 60 global locations, the company delivers projects from conceptual design through operations and maintenance.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy Solutions Fluor's Energy Solutions business segment supports global energy and chemicals demand through integrated EPCM services for LNG export terminals, refineries, petrochemical complexes, upstream oil and gas facilities, carbon capture and storage, hydrogen, and nuclear small modular reactors. It serves clients in traditional and emerging energy markets.
• Urban Solutions Fluor's Urban Solutions business segment addresses urbanization challenges across mining, metals, advanced technologies, manufacturing, life sciences, data centers, and infrastructure, while also offering professional staffing and industrial operations and maintenance services.
• Mission Solutions Fluor's Mission Solutions business segment delivers services to the U.S. government and select international governments in national security, nuclear technology, environmental remediation, and emergency response and recovery under long-term contracts.
• Engineering & Design Full-service engineering and design capabilities for capital projects across multiple industries and geographies, including front-end loading (FEED), feasibility studies, and conceptual design through detailed engineering.
• Procurement Strategic procurement services supporting EPC project execution, including global supply chain management, sourcing, expediting, and materials management for complex capital projects.
• Fabrication Offsite fabrication services delivered through strategically located fabrication yards with ASME stamps for power industry clients, supporting modular construction and fast-track project delivery.
• Construction Construction services for complex capital projects delivered by Fluor's skilled craft workforce across global project sites, using modular and conventional construction methods.
• Maintenance Industrial operations and maintenance services supporting facility lifecycle and ongoing client operations across energy, chemical, manufacturing, and infrastructure sites.
• Nuclear Energy Services Comprehensive nuclear services for governments and utilities including new build, decommissioning, waste management, and technology development support, with active roles on SMR deployments, uranium enrichment, and naval nuclear propulsion programs.
• Carbon Capture Solutions Engineering, procurement, and construction services for post-combustion carbon capture and storage (CCS) installations, leveraging Fluor's proprietary Econamine® solvent technology for CO2 capture from gas streams.
• Data Center Solutions Engineering, procurement, and construction services for hyperscale data center facilities supporting digital infrastructure and AI workloads; Fluor was named top data center builder by Data Centre Magazine in 2025.
• TRS Staffing Solutions Wholly owned subsidiary providing professional and craft staffing and workforce solutions to clients across industries, leveraging Fluor's recruitment capability as a commercial offering.

Quantifiable outcome

• Returned $2.43 billion on a $570 million investment through NuScale Power divestiture — a 326% return
• +5 more outcomes

Named customers17 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Partnerships

14 partnerships are on record, tiered minor, core and former core (divested).

• AmentumminorStrategic or Co-development Partner · 8 June 2026Fluor and Amentum are positioned to support the U.S. DOE's Surplus Plutonium Utilization Program at the Savannah River Site in South Carolina. The program converts up to 20 metric tons of surplus plutonium from Cold War defense programs into fuel for advanced reactors. Both Fluor and Amentum are existing Savannah River Site contractors, with Fluor holding an established presence.
• JGC CorporationcoreStrategic or Co-development Partner · 2 June 2026Fluor and JGC Corporation operate through a joint venture (JGC Fluor BC LNG II) for LNG Canada projects. The JV previously delivered Phase 1 of the LNG Canada export facility (completed 2025), and has now received a limited notice to proceed for Phase 2 expansion, which would double production capacity from 14 million to 28 million tonnes per year. The JV is equally owned by Fluor Canada Ltd and JGC Constructors (No2) BC Ltd.
• 5E Advanced MaterialsminorStrategic or Co-development Partner · 20 May 2026Fluor conducted a preliminary economic assessment (PEA) for lithium carbonate recovery from brine streams at 5E Advanced Materials' Fort Cady critical mineral facility in Southern California. The study identified direct concentration as the optimal extraction pathway, projecting pre-tax NPV of $56.7 million and pre-tax IRR of 51.6% with $9.8 million installed cost.
• Anglo AmericancoreStrategic or Co-development Partner · 7 May 2026Fluor was selected to perform feasibility study services for Anglo American's Woodsmith mining project in North Yorkshire, UK. The project accesses the world's largest known polyhalite fertilizer deposit, expected to produce 13 million tonnes per year via a 37-kilometer underground conveyor tunnel to Teesside. Construction for tunneling and shaft sinking is underway. Undisclosed contract value recognized in Q2 2026.
• Centrus Energy Corp.coreStrategic or Co-development Partner · 20 April 2026Fluor serves as the EPC (Engineering, Procurement, and Construction) contractor for Centrus Energy's multi-billion-dollar uranium enrichment capacity expansion at the American Centrifuge Plant in Piketon, Ohio. The project deploys AC100M centrifuges to produce LEU and HALEU. Fluor partners with Centrus alongside Palantir (AI platform for cost optimization) and Geiger Brothers (construction contractor). The expansion supports a $2.3 billion commercial LEU backlog and at least 12 metric tons/year of HALEU production capacity.
• America First Refining (AFR)coreStrategic or Co-development Partner · 7 April 2026Fluor was selected by America First Refining to handle FEED for a new refinery in Brownsville, Texas — the first new U.S. oil refinery in over 50 years. The hydrogen-powered facility will process over 60 million barrels of domestic crude annually, supporting energy resilience and cleaner fuel development. Contract value recognized in 2026.
• X-energycoreStrategic or Co-development Partner · 5 April 2026Fluor signed a contract to deliver Front-End Loading Stage 2 (FEL-2) services for X-energy's advanced nuclear project at Dow's UCC Seadrift Operations in Texas. The project involves developing four Xe-100 small modular reactor units (80 MW each) to supply carbon-free electricity and industrial steam to Dow's 4,700-acre industrial site. Fluor provides project definition, planning, feasibility, and risk mitigation as project management partner. Supported by the U.S. DOE's Advanced Reactor Demonstration Program.
• Surge Battery MetalsminorStrategic or Co-development Partner · 1 April 2026Fluor serves as the lead engineering firm for Surge Battery Metals' Nevada North Lithium Project, conducting advanced metallurgical optimization program in support of a pre-feasibility study. The program uses a Master Composite sample representing the first 10 years of mine life to validate process design criteria and heat/mass balance models.
• TeraWulfcoreStrategic or Co-development Partner · 16 March 2026Fluor signed a limited notice to proceed with TeraWulf for a large-scale data center project in Kentucky, with an estimated project value of $3–4 billion. The 480-megawatt data center project addresses surging AI infrastructure demand. Fluor was named top data center builder by Data Centre Magazine in 2025.
• RoPower (SN Nuclearelectrica)coreStrategic or Co-development Partner · 12 March 2026Fluor operates as lead EPC partner for NuScale Power's SMR technology deployment at the Doicești site in Romania. SN Nuclearelectrica shareholders approved the next deployment phase. Fluor also manages the modernization of the Cernavodă Nuclear Power Plant through a joint venture with an EPCM contract valued at approximately $3.4 billion spanning nearly a decade. Fluor opened a Bucharest office to manage these European nuclear projects.
• NuScale Powerformer core (divested)Strategic or Co-development Partner · 1 April 2025Fluor completed the sale of its entire 126-million-share equity stake in NuScale Power in April 2025/2026, generating $2.43 billion in gross proceeds from an initial $570 million investment (326% return). Fluor has transitioned from majority owner to preferred EPC partner for NuScale, allowing it to earn service fees without equity-owner risk. NuScale is the only company with NRC-approved SMR design. Fluor previously held approximately 40% stake and is now divested.
• Kuwait Oil Company (KOC)coreStrategic or Co-development Partner · 1 January 2013Fluor holds its third KOC project management consulting (PMC) award since 2003, providing PMC services for upstream facilities including booster stations, gathering centers, and pipelines. FEED provided from Farnborough, UK; PMC services from offices in Kuwait. The PMC enhanced KOC's safety culture achieving over 100 million safe work hours. Awarded the 2016 Hugh K. Coble Award for Project Excellence.
• Tengizchevroil LLP (TCO) Joint Venture Partners: WorleyParsons, KAZGIPRONEFTETRANS LLP, Kazakh Institute of Oil and Gas JSCcoreStrategic or Co-development PartnerFluor leads KPJV (Kazakhstan Petroleum Joint Venture) alongside KAZGIPRONEFTETRANS LLP, Kazakh Institute of Oil and Gas JSC, and WorleyParsons, providing FEED, EPC management, and construction support for Tengizchevroil's Future Growth Project-Wellhead Pressure Management Project (FGP-WPMP). Project engineering was executed from Fluor's Farnborough, UK office with support from Kazakhstan, India, and Houston offices.
• WSP, Worley, and HatchcoreStrategic or Co-development PartnerFluor leads engineering integration for Novagold Resources' Donlin Gold Project in Alaska, working with specialist contractors WSP, Worley, and Hatch. The project targets completion of the bankable feasibility study in first half of 2027.

Scale indicators13 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Bechtel Corporation: Bechtel is the closest privately-held peer to Fluor, delivering large-scale EPC services across energy, infrastructure, mining, government, and nuclear with comparable global scale and megaproject execution capability. Both compete head-to-head on LNG, refining, and government nuclear contracts.
• Jacobs Solutions: Jacobs provides engineering, technical, scientific, and construction management services across critical infrastructure, water, energy, and government markets. After divesting its CMS segment, Jacobs is a direct competitor for energy transition and government EPCM contracts.
• KBR, Inc. KBR provides government services, sustainable technology solutions, and engineering services across defense, energy, and chemicals. Its Mission Solutions segment competes directly with Fluor's DOE and defense work, and its Sustainable Technology Solutions overlaps with carbon capture and hydrogen offerings.
• Worley Limited: Worley is a global EPCM firm headquartered in Australia delivering energy, chemicals, and resources projects. It is a JV partner with Fluor on the Tengizchevroil FGP-WPMP and competes directly across refining, petrochemicals, mining, and energy transition.
• McDermott International: McDermott provides EPC services for offshore and subsea oil & gas, LNG, and energy transition projects. It is a direct competitor in LNG, refining, and offshore energy construction, overlapping with Fluor's Energy Solutions segment.
• AECOM: AECOM is a global infrastructure consulting and construction services firm operating across transportation, water, energy, and government markets. Its design, engineering, and program management services compete with Fluor's Urban Solutions and Mission Solutions offerings.
• Saipem: Saipem is an Italian-based global EPC contractor specializing in oil & gas, LNG, and renewable energy projects. It competes directly with Fluor on LNG Canada-class mega-projects, offshore energy infrastructure, and energy transition engineering services.
• TechnipFMC: TechnipFMC provides subsea, surface, and onshore EPC services for the energy industry with strong LNG, refining, and petrochemicals capabilities. It is a direct competitor in mid-to-large scale energy project execution, particularly in LNG and ethylene.
• Parsons Corporation: Parsons provides engineering, intelligence, and defense solutions to U.S. federal agencies and critical infrastructure markets. Its Critical Infrastructure segment competes with Fluor's Mission Solutions on government, defense, and infrastructure work.

Emerging players

• Quanta Services: Quanta Services is a leading infrastructure construction firm specializing in electric power, oil & gas, and renewable energy infrastructure. While not a direct EPC services competitor, it competes with Fluor's Urban Solutions in power infrastructure, data centers, and energy transition construction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fluorcorp
• Facebookfacebook.com/FluorCorp
• LinkedInlinkedin.com/company/fluor
• Instagraminstagram.com/fluorofficial

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries7 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fluor