Fluor 2008 Annual Report Download - page 2

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Fluor Corporation
Fluor Corporation (NYSE: FLR) is
one of the world’s largest publicly
traded engineering, procurement,
construction, maintenance and
project management companies.
Over the past century, Fluor,
through its operating subsidiaries,
has become a trusted global leader
in providing exceptional services
and technical knowledge.
Clients rely on Fluor to deliver
world-class solutions that optimize
their assets, improve their
competitive position and increase
their long-term business success.
Consistently rated as one of the
world’s safest contractors, Fluor’s
primary objective is to develop
and execute projects on schedule,
within budget and with excellence.
Fluor is a FORTUNE 500
company with 42,000 employees
operating globally.
Table of Contents
Letter to Shareholders ........................................1
Our Operations ..................................................4
Oil & Gas ...........................................................12
Industrial & Infrastructure ...............................16
Government ......................................................20
Global Services .................................................22
Power ................................................................24
New Awards and Backlog Data ........................26
Selected Financial Data ...................................27
Board of Directors / Offi cers ............................28
Fluor’s Sustainability .......................................30
Shareholders’ Reference
and Performance Graph .........Inside Back Cover
FORWARD-LOOKING STATEMENTS
This annual report contains statements that may constitute forward-looking statements involving
risks and uncertainties, including statements about our projected earning levels for calendar year
2009, market outlook, new awards, backlog levels, competition, the adequacy of funds to service
debt, and implementation of strategic initiatives and organizational changes. These forward-
looking statements reflect the company’s current analysis of existing information as of the date
of this annual report and are subject to various risks and uncertainties. As a result, caution must
be exercised in relying on forward-looking statements. Due to known and unknown risks, the
company’s actual results may differ materially from our expectations or projections. Additional
information concerning factors that may influence Fluor’s results can be found in the Form 10-K
that follows this annual report under the heading “Item 1A-Risk Factors.”