COMPANY PROFILE -TechnipFMC plc
Business Sector :Oil & Gas
Operating Geography :United States, France, UK, Global
About TechnipFMC plc :
TechnipFMC plc is a French-American, UK-domiciled global oil and gas company which provides complete project life cycle services for the energy industry. The company has its operational headquarters in Houston and Paris and its legal headquarter in London, United Kingdom. TechnipFMC was formed through the amalgamation of FMC Technologies Inc. and French oil-services Technip SA that was announced in 2016 and completed in 2017. TechnipFMC operates in three distinct segments: subsea, offshore/onshore, and surface projects and these projects include offshore oil and gas exploration and extraction platforms, rigs, crude oil refinery, petrochemical plants such as Ethylene, SynGas plants, Napthal, Hydrogen, Benzene etc. plastics & rubber industry, fertiliser plant, onshore as well as floating LNG plants. The company leverages the talent of 37,000 employees from 126 nationalities and operates in 48 countries. In January 2021, TechnipFMC Plc. announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider and Technip Energies, a leading engineering and technology player and the separation is expected to be completed in the first quarter of 2021.
Technip FMC 's Unique Selling Proposition or USP lies in it being a leading technology provider to the traditional and new energies industry; delivering fully integrated projects, products, and services. The company's vision statement reads, "Our vision is supported by a relentless drive of every individual at TechnipFMC. We are united by one single purpose: to bring together the scope, know-how and determination to transform our clients' project economics".
TechnipFMC plc Revenue :
US $ 13.42 billion – December 2019 (Growth 6.59%)
US $ 12.59 billion – December 2018
Competitive Analysis of TechnipFMC plc
The SWOT analysis for TechnipFMC plc is presented below in a table followed by the detailed analysis report.
Strengths | Weaknesses |
1. Heavily investing on technologies and innovation to transform industry standards
2. Leading the energy sector globally
3. Broad and diverse portfolio in oil and gas industry
4. Strong financial growth among all business segments
5. Strong acquisitions and alliances support global operations
| 1. Legal issue related to corruption has tarnished brand image
2. Changing foreign currency rates and interest rates impact profit share
|
Opportunities | Threats |
1. Increasing demand of energy products in global market.
2. Venturing into renewable energy segment can be a game changer initiative.
3. Developing technologies to transform into clean energy or low carbon energy.
| 1. Pandemic has impacted global operations economically
2. Competitive shale market of NA is leading to weak demands
3. Highly competitive market always poses a risk to operations
|
TechnipFMC plc SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed SWOT Analysis of TechnipFMC plc
Strength
1. Heavily investing on technologies and innovation to transform industry standards:
Digital transformation has led oil and gas sectors to adopt to new technologies like IoT, robot led automation and artificial intelligence.This will help oil and gas sector to optimize its efficiency. Technip FMC has been enhancing ability through innovative and technological solution to all three segments i.e. subsea, onshore/offshore and surface technologies. Oil and gas industry has statrted to show the trend of technological investments. The operational efficiency will boost by applying technology and improve production efficiency. There are various precision systems which add significant value to the integrated system. Technip FMC utilizes mechatronics to help oil and gas sector to transform subsea production.
The remaining section of “Strength” is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
This section is available only in the 'Complete Report' on purchase.
Threats
1. Pandemic has impacted global operations economically:
COVID-19 has spread at an alarming rate infecting all the countries and bringing trade, businesses, investments and other economic activities to a standstill. This pandemic is expected to impact most countries with worst recessions and in terms of per capita income since 1870. If the situation persists for a longer duration there would be prolonged disruption in the economy leading to deeper recessions. Global markets are apparently in an economic doldrum, posing a threat and by and large responsible for poor financial results, increasing input cost and erosion of capital expenditure. This has led to crash in oil prices with oversupply and dissent amongst OPEC nations. It has also led companies to decide on cost reduction, salary cuts of executives and downsizing workforce.
The remaining section of “Threats” is available only in the 'Complete Report' on purchase.
The PESTLE / PESTEL analysis for TechnipFMC plc is presented below in a table followed by the detailed analysis report.
Political | Economical |
1. United Kingdom’s exit from European Union to impact business operation globally
2. Trade tensions between US and China has impacted global oil and gas industry
3. Disagreement among the OPEC members
| 1. Volatile crude oil prices impact business operations
2. Pandemic and global economic slowdown has been affecting business
3. Imbalance in demand and supply in market
|
Social | Technological |
1. Consumer preferring electric vehicles globally to cut down fuel expense
2. Increase in urban population will increase consumption
| 1. Incorporated robotics and artificial intelligence in subsea operational activities
2. Accelerated investment in R&D and innovation through REMS
|
Legal | Environmental |
1. Violations of Foreign Corrupt Policy Act (FCPA) have led to hefty fines resulting in financial stress | 1. Launched Single-Use Plastic Elimination (SUPE) initiative on global level
2. Combating climate change through reduction in carbon footprint
|
TechnipFMC plc SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed Pestle Analysis of TechnipFMC plc
Political
This section is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
1. Consumer preferring electric vehicles globally to cut down fuel expense:Transport Industry constitutes of vehicles, railways and airplanes. Oil and gas industry is heavily dependent on the transport industry. Major part of the earnings of oil industry is dependent on vehicles on automobile industry, rapid transit trains and aviation sector. Electric vehicle is becoming a viable threat for oil and gas producers. Although electric cars constitute of only 1.0 percent of the total vehicles on road, but with development on technology and awareness, this ratio is projected to rise. Already, major railway companies are shifting from diesel engines to electric or hybrid engines for transportation. Electric vehicle and fuel efficient engines in different industries is a direct threat to oil producing companies and their dependent Industries with consumers attracted towards them.
The remaining section of “Social” is available only in the 'Complete Report' on purchase.
Technological
This section is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
Major Competitors :
- BAKER HUGHES
- SCHLUMBERGER
- ARCTIC SLOPE REGIONAL CORPORATION
- OCEANEERING
TechnipFMC plc SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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Check Out Analysis of Other Relevant Companies
References used in TechnipFMC plc SWOT & PESTLE Analysis Report
1. We are a global leader in the energy industry - https://www.technipfmc.com/en/about-us
2. Investor Relations Overview August 2020 - https://investors.technipfmc.com/static-files/1c029776-3f42-4478-a91a-0543b3478a58
3. TechnipFMC Agrees to Pay Around $300 Million to Resolve Foreign Bribery Probes in U.S., Brazil - https://www.wsj.com/articles/technipfmc-agrees-to-pay-around-300-million-to-resolve-foreign-bribery-probes-in-u-s-brazil-11561507288
4. TechnipFMC to pay $300M to resolve Brazilian corruption investigation - https://www.bizjournals.com/houston/news/2019/06/26/technipfmc-to-pay-300m-to-resolve-brazilian.html
5. U.K. Annual Report and IFRS Financial Statements for the year ended December 31, 2019 - https://investors.technipfmc.com/static-files/58ab6aa0-1182-46c1-8732-fba934662034
The detailed complete set of references are available on request in the 'Complete report' on purchase.
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TechnipFMC plc SWOT and PESTLE analysis has been conducted by Akshay Mohan and reviewed by senior analysts from Barakaat Consulting.
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