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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
07/25/201616:11:00Fluor-Led Team Completes Second Major U.S. Transit P3 Commuter...
07/21/201605:59:00Stork Awarded Multi-Services Contract by Repsol Sinopec Resources...
07/14/201616:54:00Fluor Awarded Maintenance Alliance Contract for Power Plants...
07/11/201616:30:00Tengizchevroil Announces Final Investment Decision for Tengiz...
07/08/201614:06:18Initial Statement of Beneficial Ownership (3)
07/07/201616:08:00Fluor Granted Full Notice to Proceed on Dominion’s Greensville C...
07/07/201612:45:55Statement of Changes in Beneficial Ownership (4)
07/07/201612:44:58Statement of Changes in Beneficial Ownership (4)
07/07/201612:43:35Statement of Changes in Beneficial Ownership (4)
07/07/201612:42:41Statement of Changes in Beneficial Ownership (4)
07/07/201612:41:24Statement of Changes in Beneficial Ownership (4)
07/07/201612:39:59Statement of Changes in Beneficial Ownership (4)
07/07/201612:38:01Statement of Changes in Beneficial Ownership (4)
07/07/201609:00:00Fluor Corporation to Hold Second Quarter Earnings Conference...
06/30/201616:07:00Fluor Announces 2016 Recipients of $100,000 Global Community...
06/30/201607:22:00Fluor Consortium Named Preferred Bidder for A27/A1 Public Private...
06/27/201616:08:00Fluor Completes Work with Stora Enso Consumer Board Project
06/20/201616:08:00Fluor Announces Financial Close on Maryland Purple Line Light...
06/17/201615:47:36Annual Report of Employee Stock Plans (11-k)
06/17/201615:45:43Annual Report of Employee Stock Plans (11-k)

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