Fluor Corporation
  Fluor headquarters in Irving, Texas |
|
| Public | |
| Traded as | : FLR S&P 500 Component |
| Industry | Engineering and construction |
| Founded | Santa Ana, California (1912) |
| Founder | John Simon Fluor |
| Headquarters | Irving, Texas, United States |
|
Key people
|
David T. Seaton, Chairman and Chief Executive Officer |
| Revenue | $21.53 billion (2014) |
| $1.2 billion | |
| N/A | |
|
Number of employees
|
44,000+ Employees |
| Website | www.fluor.com |
Fluor Corporation is a multinational engineering and construction firm headquartered in Irving, Texas. It is a holding company that provides services through its subsidiaries in the following areas: oil and gas, industrial and infrastructure, government and power. It is the largest engineering & construction company in the Fortune 500 rankings and lists 136th overall in the same rankings.
Fluor was founded in 1912 by John Simon Fluor as Fluor Construction Company. It grew quickly, predominantly by building oil refineries, pipelines and other facilities for the oil and gas industry, at first in California, and then in the Middle East and globally. In the late 1960s, it began diversifying into oil drilling, coal mining and other raw materials like lead. A global recession in the oil and gas industry and losses from its mining operation led to restructuring and layoffs in the 1980s. Fluor sold its oil operations and diversified its construction work into a broader range of services and industries.
In the 1990s, Fluor introduced new services like equipment rentals and staffing. Nuclear waste cleanup projects and other environmental work became a significant portion of Fluor's revenues. The company also did projects related to the Manhattan Project, rebuilding after the Iraq War, recovering from Hurricane Katrina and building the Trans-Alaska Pipeline System.
Fluor Corporation's predecessor, Rudolph Fluor & Brother, was founded in 1890 by John Simon Fluor and his two brothers in Oshkosh, Wisconsin as a saw and paper mill. John Fluor acted as its president and contributed $100 in personal savings to help the business get started. The company was renamed Fluor Bros. Construction Co. in 1903.
In 1912 John Fluor moved to Santa Ana, California for health reasons without his brothers and founded Fluor Corporation out of his garage under the name Fluor Construction Company. By 1924 the business had annual revenues of $100,000 ($1.36 million in 2013 dollars) and a staff of 100 employees. John Fluor delegated most of the company's operations to his sons, Peter and Simon Fluor. A $100,000 capital investment was made that year and it was incorporated. John's eldest son Peter served as head of sales and grew the company to $1.5 million ($20.4 million in 2013 dollars) in revenues by 1929. In 1929 the company re-incorporated as Fluor Corporation. By the 1930s, Fluor had operations in Europe, the Middle East and Australia. Business declined rapidly during the Great Depression, but picked up again during World War II. During the war Fluor manufactured synthetic rubber and was responsible for a substantial portion of high-octane gasoline production in the United States. A Gas-Gasoline division of Fluor was created in Houston in 1948.
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Wikipedia