Comparing the current results to its competitors, Technipfmc Plc reported Revenue increase in the 1 quarter 2026 by 11.6 % year on year. The sales growth was above Technipfmc Plc's competitors' average revenue growth of 8.48 %, achieved in the same quarter.
Technipfmc Plc Net Income in the 1 quarter 2026 grew year on year by 81.37%, faster than the Technipfmc Plc's competitors average income growth of 21.77 %
Technipfmc Plc's Comment on Competition and Industry Peers
The company is a fully integrated provider offering the complete suite of Front-End Engineering Design (FEED), Subsea Production Systems (SPS), and Subsea Umbilicals, Risers, and Flowlines (SURF) services, including installation and life-of-field services for subsea field development. It operates in a competitive market alongside companies such as Baker Hughes Company, OneSubsea, Saipem SpA, and Subsea 7 S.A. Offshore activity and demand for subsea services are affected by seasonal weather conditions.
Company's competitiveness improved within Overall company, with revenue growth of 11.6 % and its market share increased to approx. 4.89 %. << More on FTI Market Share.
*Market share is calculated based on total revenue.
December 12, 2024
TechnipFMC Breaks New Ground: Advancements in Carbon Capture and Promising Dividend Prospects In a noteworthy development within the energy sector, TechnipFMC (NYSE: FTI) has received the green light to commence its groundbreaking carbon capture and storage project as part of the esteemed Northern Endurance Partnership (NEP). This milestone follows NEP’s announcement of reaching financial closure and entering the execution phase of its ambitious carbon dioxide (CO2) transportation and storage infrastructure initiative in the United Kingdom’s East Coast Cluster. The partnership, a collaborative venture between industry giants bp, Equinor, and TotalEnergies, signifies a pivotal shift towards decarbonising ...
November 14, 2024
In a significant development for the energy sector, TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by TotalEnergies for the GranMorgu project, located on Block 58 offshore Suriname. This project marks a crucial milestone as it represents the first oil and gas venture in Suriname’s emerging frontier, underlining both the potential of the region and the strategic importance of TechnipFMC’s innovative vessel ecosystem.The GranMorgu venture is anticipated to leverage TechnipFMC’s advanced subsea architecture in tandem with the expertise of Saipem, enhancing the project s prospects and efficiency. The operational synergy afforded by t...
September 20, 2024
In a groundbreaking development in the energy sector, TechnipFMC (NYSE: FTI) has secured two significant subsea contracts from Petrobras, the state-controlled oil giant of Brazil. These contracts are vital for the expansion of Brazil s pre-salt oil fields, a region known for its rich reserves located deep beneath the ocean floor. The awards come at a time when TechnipFMC is solidifying its market presence with remarkable growth amidst tougher competition in the energy landscape.The first of the two contracts involves a comprehensive design, engineering, and manufacturing project focused on riser flexible pipe technology. This is essential infrastructure for the extraction of oil from the challenging subsea e...
July 24, 2024
One of the contracts awarded is by Petrobras, Brazil s state-owned oil company, for the supply of flexible pipe for the pre-salt fields offshore Brazil. This substantial contract includes the design, engineering, and manufacture of flexible pipe for water injection and gas lift. Jonathan Landes, President of Subsea at TechnipFMC, expressed pride in the company s ability to support Petrobras ambitions once again, showcasing the trust placed in TechnipFMC.Another noteworthy contract is with Energean for its Katlan development in the Mediterranean Sea. TechnipFMC has been awarded a large integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract. This project will utilize TechnipFMC s...
May 13, 2024
TechnipFMC, a leading global provider of oil and gas solutions, has recently been awarded a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by Woodside Energy in Australia. This highly anticipated collaboration has been initiated for the Xena Phase 3 Development Project, supporting ongoing production from the renowned Pluto LNG Project. TechnipFMC s exceptional track record, expertise, and cutting-edge technology have positioned them as the preferred choice for this critical undertaking.Contract Details and Scope of Work:Under the terms of the contract, TechnipFMC will undertake the complete design, manufacturing, and installation of the subsea production syst...
January 16, 2024
TechnipFMC, a prominent oil and gas engineering company, has been awarded a substantial contract by bp for the Argos Southwest Extension project in the Mad Dog field located in the Gulf of Mexico. The contract includes the installation of pipe and umbilical, connecting three new wells to the Argos platform. This article aims to provide an overview of the contract and highlight the ongoing partnership between TechnipFMC and bp.Contract Details:TechnipFMC has secured a significant contract from bp for the Argos Southwest Extension project. The project involves tying back three new wells to the existing Argos platform in the Gulf of Mexico. The company will be responsible for the installation of pipe and an um...
January 3, 2024
TechnipFMC, a global leader in oil and gas projects, has recently been awarded a significant contract by Petrobras, a Brazilian multinational energy corporation. The contract entails the integrated engineering, procurement, construction, and installation (iEPCI) of the Mero 3 HISEP project, which focuses on subsea processing and carbon capture technology. explores the project s significance and TechnipFMC s recent Q3 performance, showcasing the company s growth and market leadership.The Mero 3 HISEP project is aimed at capturing carbon dioxide-rich dense gases and utilizing them effectively by injecting them back into the reservoir. TechnipFMC, in close collaboration with Petrobras, has successfully develop...
General Electric Companys business model centers on industrial operations, creating and delivering advanced technologies, products, and services across sectors such as power generation, aviation, healthcare, and renewable energy. The company emphasizes innovation and sustainability, aiming to enhance performance and efficiency for customers while tackling pressing societal and environmental issues.
Oil States International Inc operates as a global provider of services and products to the oil and gas industry. Their business model revolves around offering a comprehensive range of integrated solutions and equipment across various stages of the oil and gas lifecycle. These solutions include well site services, offshore products, and tubular services, catering to exploration, production, and infrastructure needs of their customers worldwide.
Core Laboratories N.V. is a provider of products and services for the oil and gas industry, specializing in reservoir description, production enhancement, and reservoir management.
Koil Energy Solutions Inc is a tech-driven company that specializes in providing comprehensive energy management solutions for commercial and industrial clients. Their business model focuses on implementing advanced technology, data analytics, and software platforms to optimize energy consumption, reduce costs, and improve sustainability. By offering a range of services such as energy audits, demand response programs, and energy monitoring systems, Koil Energy Solutions helps clients achieve efficient energy usage and streamline their operations.
Expro Group Holdings N.V. operates as an oil and gas service company with a focus on well flow management. Their business model involves offering a comprehensive range of products, technologies, and services to support the complete lifecycle of oil and gas wells. This includes well testing, well intervention, subsea, and surface wellhead systems, helping their clients optimize production and recover reserves from their assets.
Sources:
Technipfmc Plc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
For your research, we’ve provided 10 tables on Technipfmc Plc versus competitors, including market share analysis.
You can find them in the navigation menu under Competition.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
