Fluor 2013 Annual Report Download - page 6

CASH & MARKETABLE SECURITIES
(Dollars in Billions)
2.745
2011 2012 2013
2.761 2.610
CONSOLIDATED BACKLOG
(Dollars in Billions)
34.9
2011 2012 2013
39.5 38.2
CONSOLIDATED NEW AWARDS
(Dollars in Billions)
2011 2012 2013
26.9 27.1
25.1
EARNINGS PER SHARE
(Dollars)
2011 2012 2013
3.40
2.71
4.06
2013 ACCOMPLISHMENTS2013 ACCOMPLISHMENTS
Strong and longstanding client relationships led to strategically important project awards in the
much-anticipated petrochemicals rebirth on the U.S. Gulf Coast. The Dow Chemical Company
hired Fluor to execute a considerable portion of its investments in the region. A Fluor joint venture
won a significant contract from Chevron Phillips Chemical Company for its U.S. Gulf Coast
petrochemicals project, and Fluor secured a front-end engineering and design (FEED) contract
for Sasol’s world-scale ethane cracker and chemicals facility at its Lake Charles Chemical Complex
in Louisiana.
In other Oil and Gas accomplishments, our relationship as BASF’s engineering partner of choice
expanded with a contract to build its major chemicals complex at BASF’s site in Germany. And,
especially noteworthy, we moved into the sizable and growing liquefied natural gas market (LNG)
in 2013. Through a strategic partnership with JGC, we were selected for Chevron Canada Limited’s
proposed Kitimat LNG project that was announced in early 2014. Our company was also selected
for a FEED project for engineering and design of the Anadarko Mozambique facility in the Republic
of Mozambique.
During the year, we completed the new East Span of the San Francisco-Oakland Bay Bridge, the
largest and longest single-tower, self-anchored suspension bridge in the world. We’re proud to
have delivered not only an iconic bridge, but also a sound structure that will withstand major
seismic events and serve as an emergency lifeline route for disaster responses.
In addition to the San Francisco-Oakland Bay Bridge, a Fluor-led venture was selected for the
design-build of the new Tappan Zee Hudson River Crossing Project, a mega project to deliver
the single largest bridge in New York’s history.
Freeport-McMoRan Copper & Gold extended its relationship with Fluor, with an award for construction
management services for expansion of its Cerro Verde mine in Peru. In addition, the company
established a new strategic relationship with Procter & Gamble for facilities management.
Our work with key U.S. government agencies remained strong during the year, with continued
support to U.S. troops through our LOGCAP IV contract in Afghanistan. The company also
won a U.S. Department of Energy contract for the management and operation of the Strategic
Petroleum Reserve, the world’s largest supply of emergency crude oil.
During the year, Fluor received notice to begin construction on Dominion Virginia Power’s
1,358 megawatt combined-cycle natural gas–fired power plant in Virginia. And Fluor’s nuclear
small modular reactor technology company, NuScale Power, received approval for U.S. Department
of Energy funding that will support its development, licensing and commercialization.