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Fluor Gets $3.5 Billion Contract For Work On Liquefied Gas Project

DOW JONES NEWSWIRES Fluor Corp. (FLR) said Australia's Santos Ltd. (STO.AU, SSLTY) awarded it a $3.5 billion engineering, procurement and construction contract on a liquefied natural gas project in the country's Queensland state. The deal is a promising sign for the engineering and construction company, which was mostly resilient during the downturn but had suffered in recent quarters with sagging results at its oil-and-gas business. In November, it reported it swung to a third-quarter loss on charges, though revenue rose unexpectedly. Fluor said Tuesday it booked $3.5 billion in the fourth quarter for the contract related to Santos' Gladstone project, which will extract and liquefy gas from coal deposits for export to Asia and other global markets. Fluor shares closed Friday at $71.19 and were inactive in recent premarket trading. Through the latest close, the stock was up 45% over the past year. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; matthew.jarzemsky@dowjones.com

Stock News for Fluor (FLR)
DateTimeHeadline
04/24/201508:01:00Fluor Honored with Bronze Edison Award for Its Innovative Project...
04/23/201510:21:46Fluor Co. Price Target Raised to $75.00 at Barclays (FLR)
04/22/201518:24:00Fluor Secures Tank Farm Contract in Canadaâs Athabasca Oil S...
04/21/201516:31:06TheStreet Upgrades Fluor Co. to Buy (FLR)
04/10/201516:14:03Statement of Changes in Beneficial Ownership (4)
04/07/201516:15:00Fluor Selected by Goldcorp as Strategic Partner for Engineering...
04/06/201512:55:08Statement of Changes in Beneficial Ownership (4)
04/06/201512:53:39Statement of Changes in Beneficial Ownership (4)
04/06/201512:51:27Statement of Changes in Beneficial Ownership (4)
04/06/201512:49:51Statement of Changes in Beneficial Ownership (4)
04/06/201512:48:43Statement of Changes in Beneficial Ownership (4)
04/06/201512:19:15Statement of Changes in Beneficial Ownership (4)
04/06/201511:54:44Statement of Changes in Beneficial Ownership (4)
04/06/201511:53:22Statement of Changes in Beneficial Ownership (4)
04/06/201511:51:32Statement of Changes in Beneficial Ownership (4)
04/01/201516:23:00Fluor Named Edison Awards Finalist for Innovative Modularization...
03/31/201509:00:00Fluor Corporation to Hold First Quarter Earnings Conference Call
03/24/201507:50:01Fluor wins polysilicon plant engineering contract
03/23/201518:02:00Fluor Awarded Engineering Contract for New Chinese Polysilicon...
03/18/201509:21:51Fluor chosen as State Oil Company of Azerbaijan contractor

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