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Fluor Corporation history
Fluor Corporation company history timeline
1912: Fluor travels to California and starts his own general construction business.
The company was founded by John Simon Fluor, Sr. in 1912 and is headquartered in Irving, TX.“
The Southern California Gas Company asked him to build an office and numerous meter shops in 1915, and afterward Fluor received a contract for a compressor station from Industrial Fuel Supply Company.
Fluor recognized that the emerging California petroleum industry held enormous potential, so in 1921 he began to tailor his engineering and construction work to meet the demands of the field.
Fluor incorporated his business as Fluor Construction Company in 1924 with a capital investment of $100,000.
After outgrowing two different facilities, Fluor built new quarters in Los Angeles and consolidated all general offices in one building in 1927.
In 1929 the company re-incorporated as Fluor Corporation.
1930: Peter Fluor expands the company's operations outside of California.
In 1946 a contract for a grassroots refinery in Montana solidified Fluor's reputation as a refinery engineering firm and helped lead to an assignment to expand the Aramco facilities in Saudi Arabia.
Founded in 1947, AMECO has become a recognized industry leader supporting construction projects around the world for more than 70 years.
The company formed its Gas-Gasoline Division in Houston in 1948.
An interim officer followed him in the presidency, and in 1949 the permanent successor, Donald Darnell, took over.
By the time the Korean War created massive petroleum product needs in 1950, Fluor's reputation was so widespread that it was a natural choice for many energy-producing projects.
1950: The company's stock begins trading over the counter.
A London office opened in 1957.
1957: The company's stock begins trading on the New York and Pacific exchanges.
In 1961 Fluor acquired an interest in construction, design and contracting firm William J. Moran.
In 1962 J. Robert Fluor, an engineer and former United States Air Force pilot who bred thoroughbred horses, became president and chief executive officer of the company.
Fluor's extensive diversification into offshore drilling began in 1967 with the merger of five companies into Fluor under the divisional name Coral Drilling.
Fluor diversified its business more extensively in 1967, when five companies were merged into a division called Coral Drilling and it started a deep-water oil exploration business in Houston called Deep Oil Technology.
In 1968 the company created Fluor Ocean Services, an umbrella management company headquartered in Houston.
Fluor's largest offshore drilling acquisition occurred in 1969, when the company took over the Pike Corporation of America.
Fluor's involvement with the mining and metals industry also began in 1969.
In the meantime, Fluor consolidated its engineering and construction activities into Fluor Engineers and Constructors, Inc. in 1971.
1972: Incorporated as American Equipment Company in order to expand sales outside of Daniel
In 1972 Fluor bought land inIrvine, California and started building its new headquarters on it.
In 1973 Fluor consolidated its oil and gas activities to form Fluor Oil and Gas Corporation.
Fluor also set up subsidiaries and management organizations in Europe, Indonesia, South Africa, Alaska, and Saudi Arabia, the last being a $5 billion gas program. It completed the world's largest offshore facility for natural gas in Java in 1976.
1977: Acquired by Fluor Corporation as a part of the Daniel Construction acquisition
Fluor made a $2.9 billion acquisition of a zinc, gold, lead and coal mining operation, St Joe Minerals, in 1981 after a bidding competition for the business with Seagram.
By 1981, Fluor’s staff had grown to 29,000 and revenue, backlog, and profits had each increased more than 30 percent over the prior year.
David Tappan took Bob Fluor’s place as CEO in 1984 after Bob died from cancer and led a difficult restructuring.
In 1985 it reported $633 million in losses.
In order to lessen its dependence on the oil market and to develop a more diversified clientele, Tappan decided in 1986 to merge Daniel International with Fluor Engineers and Constructors to create Fluor Daniel Inc.
Concurrent with Fluor's divestiture of its South African operations in 1986, the company underwent extensive restructuring.
After losing $60 million in 1986, Fluor posted a profit the following year of $26 million and by the end of the decade had bolstered its earnings to $147 million, on over $7 billion in sales.
In 1986 Fluor sold all of its oil assets and some of its gold mining operations.
Having postponed his retirement to help Fluor, Tappan stepped down at the end of 1989 and was replaced by Leslie McCraw.
For the fifth consecutive year Fluor Daniel recorded an operating profit, increasing 15 percent from 1991 to $191 million.
In 1992, under the stewardship of Leslie G. McCraw, a former vice-president of Fluor who replaced Tappan a year earlier, Fluor continued to increase its profits in the engineering and construction business and augment its investment in the coal industry.
In 1992, Fluor sold its ownership of Doe Run Company, the world’s largest producer of refined lead, which was losing money at the time due to declining lead prices.
By 1993, Fluor had revenues of $4.17 billion and 22,000 staff.
He was finally able to sell the unit in April 1994.
McCraw also oversaw a speeding up of the diversification program started by his predecessor, with 1994 standing out as a key turning point.
That year Fluor Daniel aggressively expanded into new industry markets and geographic regions; by early 1995 the unit had operations in more than 80 countries and in 25 industry areas.
The US government passed environmental regulations in 1995 that led to growth for the Massey business, because it had large reserves of low-sulfur coal.
1997: Acquisition of MAPSA, which would lead to Mexico Distribution service offering
In 1997, Fluor’s revenues fell almost 50 percent, in part due to the Asian financial crisis and a decrease in overseas business.
1997: Decreasing profits lead to restructuring efforts and a pullback from the expansion program launched three years earlier.
In January 1998 McCraw (age 63) resigned after being diagnosed with bladder cancer and was replaced by former Shell President, Philip J. Carroll.
1998: McGraw steps down as CEO and is replaced by Philip Carroll, the first outsider named chairman in company history.
Carroll then initiated a much more significant restructuring, which was announced in March 1999.
1999: Rebrands as AMECO, offering new name and new logo
In 1999, nearly 5,000 workers were laid off from Fluor Daniel and 15 offices were closed.
2000: Introduces two main business lines: Site ServicesSM and Fleet OutsourcingSM.
2006: Begins operating in Peru with a local company – Choice EyS – paving the way for AMECO’s expansion in the region
Hernandez joined Fluor in 2007, previously serving as the executive vice president, chief legal officer for Fluor and the company's corporate secretary.
2012: Marks milestone safety record, achieving over 40 million safe work hours, globally, without a lost time incident.
2012: Acquires ServiTrade, a family-owned equipment company in Mozambique, establishing AMECO’s footprint in the East African marketplace with considerable LNG and mining opportunities
2013: Expands into Colombia with a joint venture partnership with Mitsui
2014: New global headquarters officially opens in October.
2015: Rebranded service offerings as Construction Site ServicesSM and Operations Support Services
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Fluor Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Kiewit | 1884 | $10.3B | 28,000 | 3,511 |
| Bechtel Corporation | 1898 | $17.6B | 2,100 | 1,270 |
| KBR | 1901 | $7.0B | 28,000 | 1,607 |
| AECOM | 1990 | $16.1B | 51,000 | 3,506 |
| Black & Veatch | 1915 | $3.2B | 10,400 | 2,056 |
| Burns & McDonnell | 1898 | $3.5B | 2,000 | 1,468 |
| Jacobs Engineering Group | 1947 | $11.5B | 3,000 | 6 |
| The Shaw Group | 1983 | $5.7B | 27,000 | 140 |
Fluor Corporation history FAQs
Zippia gives an in-depth look into the details of Fluor Corporation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fluor Corporation. The employee data is based on information from people who have self-reported their past or current employments at Fluor Corporation. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Fluor Corporation. The data presented on this page does not represent the view of Fluor Corporation and its employees or that of Zippia.
Fluor Corporation may also be known as or be related to FLUOR EMPLOYEE BENEFIT TRUST, Fluor, Fluor Australia Pty Ltd. and Fluor Corporation.