FMC Technologies Net Worth is29.8 12-Month Sales Growth (%)
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Company | Company Name: FMC Technologies / company logo
FMC Technologies, Inc. is a global provider of technology solutions for the energy industry. The Company has approximately 16,100 employees and operates 27 production facilities in 16 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.
FMC Technologies was incorporated in 2000 when FMC Corporation divested its machinery businesses. FMC has its headquarters in northern Houston, Texas. FMC Technologies. Retrieved on December 11, 2009.
FMC Technologies should not be confused with FMC Corp., which is a separate company, headquartered in Philadelphia, Pennsylvania.
In August 1927, brothers Arthur and Kirby Pennick of Houston founded Oil Center Tool (O-C-T) to produce pump liners and rods for the oilfields of East Texas. In 1930, O-C-T introduced a new type of casing head and tubing head that was an immediate success. Shortly there after the company introduced the first factory-assembled and tested completion wellheads (a.k.a. a??Christmas treesa?? in oil field slang). At the time, Christmas trees were assembled and tested on-site: an expensive, time consuming, and dangerous practice.
In 1956, two brothers Paulo and Antonio Viana, both commanders in the Brazilian Navy with experience in the Naval ship yard, went into private business together founding Mecanica CBV. CBV stood for the initials of their fathera??s name Carlos Barbosa Viana. Their first customer was the National Motor Factory (FNM) for whom they manufactured wheels, axles, and crossheads.
In 1957, FMC Corp (Food, Machinery, and Chemicals), a growing conglomerate with its roots in the manufacture of spray pumps for Californiaa??s orchards, acquired OCT. They had already added other brands like WECO and Chiksan to their growing portfolio of oil

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FMC Technologies Latest News

FMC Technologies (FTI) Is Today's Strong On High Volume Stock

Trade-Ideas LLC identified FMC Technologies ( FTI) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified FMC Technologies as such a stock ...
Posted: August 4, 2019, 9:00 am

TechnipFMC has record orders, backlog in second-quarter amid new LNG projects

The records could signal a rebound for the company created by a 2016 merger of France’s Technip and U.S. rival FMC Technologies to weather the oil price crash that had forced their oil major clients ...
Posted: July 24, 2019, 3:49 pm

FMC Technologies (FTI) Down 9.3% Since Last Earnings Report: Can It Rebound?

A month has gone by since the las t earnings report for FMC Technologies (FTI). Shares have lost about 9.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue ...
Posted: May 25, 2019, 8:12 am
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