TechnipFMC plc (FTI): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how energy giants tackle the most complex offshore projects? TechnipFMC (FTI), a global leader in oil and gas projects, stands at the forefront with its integrated expertise and comprehensive solutions. But what exactly is TechnipFMC, and how does it operate to enhance the performance of the world's energy industry?

Formed in 2017 through the merger of FMC Technologies and Technip SA, TechnipFMC has quickly become a key player, reporting a 17% increase in total revenue in 2023 compared to 2022 and generating $468 million in free cash flow. With a vision to enhance the performance of the world's energy industry and a purpose to transform clients' project economics, this article dives into the history, ownership structure, mission, and operational mechanics of TechnipFMC, exploring how it generates revenue and maintains its position in the competitive energy market.

TechnipFMC plc (FTI) History

TechnipFMC plc Founding Timeline

Year established

TechnipFMC was officially formed in 2017.

Original location

The company has dual headquarters in London, United Kingdom, and Houston, Texas, United States.

Founding team members

The merger that created TechnipFMC combined two major players in the energy industry: Technip and FMC Technologies. While there wasn't a single 'founding team' in the traditional sense, the key executives leading both companies at the time of the merger played crucial roles.

Initial capital/funding

The merger was structured as an all-stock transaction. Specific initial capital or funding isn't applicable in the same way it would be for a startup, as it was a combination of existing, well-established entities. At the time of the merger announcement, the combined market capitalization of Technip and FMC Technologies was approximately $13 billion.

TechnipFMC plc Evolution Milestones

TechnipFMC plc Transformative Moments

• The Merger of Technip and FMC Technologies: This was a pivotal moment, creating a unique integrated service provider in the oil and gas industry.
• Strategic Shift to Subsea: The decision to focus primarily on subsea technologies marked a significant strategic shift, capitalizing on the growing demand for deepwater oil and gas production.
• Digital Transformation: Embracing digital solutions and technologies to improve efficiency, reduce costs, and enhance decision-making for its clients.

These transformative moments reflect the company's adaptability and strategic foresight in navigating the dynamic energy landscape. To gain more insight into the company's guiding principles, you might find this resource helpful: Mission Statement, Vision, & Core Values of TechnipFMC plc (FTI).

TechnipFMC plc (FTI) Ownership Structure

As a publicly traded company, the ownership of TechnipFMC is distributed among a mix of institutional investors, individual shareholders, and company insiders.

TechnipFMC's Current Status

TechnipFMC is a publicly traded company, meaning its shares are listed on a stock exchange and available for purchase by the general public. It is listed on the New York Stock Exchange (NYSE) and Euronext Paris.

TechnipFMC's Ownership Breakdown

The ownership of TechnipFMC is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The percentages can fluctuate due to ongoing transactions in the stock market.

TechnipFMC's Leadership

As of April 2025, the leadership team guiding TechnipFMC's strategic direction includes:

• Chairman and CEO: Jonathan M. Landes

These individuals play crucial roles in shaping the company's strategy, overseeing operations, and ensuring its financial health. You might be also interested in Mission Statement, Vision, & Core Values of TechnipFMC plc (FTI).

TechnipFMC plc (FTI) Mission and Values

TechnipFMC aims to enhance project economics, drive energy transition, and unlock new possibilities for their clients, reflecting a commitment to innovation and sustainability. The company values safety, integrity, collaboration, performance, and innovation, shaping its approach to business and relationships.

TechnipFMC's Core Purpose

Official mission statement

TechnipFMC's mission statement is: 'Enhancing the performance of world’s energy industry.'

• Enhancing project economics by optimizing the cost and efficiency of energy projects.
• Driving energy transition through innovative technologies and solutions that support a shift towards sustainable energy sources.
• Unlocking new possibilities by pushing the boundaries of what's achievable in the energy sector, fostering innovation and growth.

Vision statement

TechnipFMC's vision is to 'unlock all possibilities to service the energy industry.'

• Being a leader in the energy industry by providing innovative solutions and services.
• Focusing on long-term value creation for stakeholders.
• Committing to sustainability and social responsibility.

Company slogan/tagline

TechnipFMC does not have a single, universally publicized official slogan or tagline. However, they emphasize key themes in their communications:

• Driving real change in energy.
• Committed to sustainability.
• Enhancing performance of the world’s energy industry.

For more in-depth information, check this out: Mission Statement, Vision, & Core Values of TechnipFMC plc (FTI).

TechnipFMC plc (FTI) How It Works

TechnipFMC operates as a technology provider for the energy industry, offering complete project life cycle services, from concept to project delivery and beyond.

TechnipFMC's Product/Service Portfolio

TechnipFMC's Operational Framework

TechnipFMC integrates technologies and services across the entire energy value chain. The operational framework is built upon:

• Project Management: Managing large-scale projects from inception to completion, coordinating engineering, procurement, and construction activities.
• Technology Development: Investing in research and development to create advanced subsea and surface technologies.
• Manufacturing and Fabrication: Producing specialized equipment and systems in-house to maintain quality control and meet specific project requirements.
• Service Delivery: Providing ongoing support and maintenance services to ensure optimal performance of installed systems.

These operations drive value creation by improving project efficiency, reducing costs, and enhancing the overall performance and lifespan of energy assets.

TechnipFMC's Strategic Advantages

TechnipFMC's competitive edge is derived from several key factors:

• Integrated Solutions: Offering a full suite of services and technologies that cover the entire project lifecycle.
• Technological Innovation: Continuously developing and deploying advanced technologies that improve efficiency, reduce costs, and enhance safety.
• Global Presence: Operating in major energy hubs worldwide, allowing for localized service and support.
• Strong Customer Relationships: Maintaining long-term partnerships with key clients, built on trust and successful project delivery.

These advantages enable TechnipFMC to secure significant market share and deliver superior value to its customers and stakeholders. For more insights into the company's financial stability, read Breaking Down TechnipFMC plc (FTI) Financial Health: Key Insights for Investors.

TechnipFMC plc (FTI) How It Makes Money

TechnipFMC generates revenue primarily by delivering comprehensive project, product, and service solutions to the energy industry, focusing on subsea and surface technologies.

TechnipFMC's Revenue Breakdown

While precise revenue breakdowns for the 2024 fiscal year are not yet available, we can analyze the general structure based on past performance and industry focus. Please note that the following table is an illustrative example, and actual figures for 2024 will vary.

Note: The percentages provided are estimates based on general business segment performance. For detailed and up-to-date financial figures, please refer to TechnipFMC's official investor relations reports.

TechnipFMC's Business Economics

TechnipFMC's business economics are influenced by several key factors:

• Project size and complexity: Larger, more complex projects typically yield higher revenue but also involve greater risk and longer execution timelines.
• Technological innovation: The company's ability to develop and deploy cutting-edge technologies can command premium pricing and secure long-term contracts.
• Market conditions: Fluctuations in oil and gas prices, as well as overall energy demand, significantly impact investment decisions by exploration and production companies, which in turn affects TechnipFMC's order intake and revenue.
• Operational efficiency: Effective project management, supply chain optimization, and cost control are critical for maintaining profitability.

TechnipFMC's Financial Performance

Key aspects of TechnipFMC's financial performance include:

• Revenue Growth: Monitoring year-over-year revenue changes provides insights into the company's ability to secure new projects and expand its market share.
• Profitability: Analyzing gross margin, operating margin, and net income reveals the efficiency of TechnipFMC's operations and its ability to convert revenue into profit.
• Order Backlog: The size and composition of the order backlog indicate future revenue potential and provide a degree of visibility into the company's financial performance.
• Cash Flow: Assessing cash flow from operations, investing, and financing activities helps to understand the company's liquidity and its ability to fund future growth initiatives.
• Capital Expenditures: TechnipFMC's investments in research and development, equipment, and infrastructure reflect its commitment to innovation and long-term competitiveness.

For more information about TechnipFMC, check this out: Exploring TechnipFMC plc (FTI) Investor Profile: Who’s Buying and Why?

TechnipFMC plc (FTI) Market Position & Future Outlook

TechnipFMC operates in the energy industry, providing integrated project delivery, engineering, procurement, construction, and installation (EPCI) services. The company's future outlook is shaped by its ability to capitalize on the increasing demand for subsea technologies and surface technologies, while navigating the challenges of market volatility and the energy transition. For more insights, check out: Exploring TechnipFMC plc (FTI) Investor Profile: Who’s Buying and Why?

Competitive Landscape

Opportunities & Challenges

Industry Position

TechnipFMC holds a significant position in the energy sector, particularly known for its subsea technologies, systems and services. The company focuses on:

• Providing integrated EPCI solutions that streamline project delivery for clients.
• Investing in research and development to stay at the forefront of technological advancements.
• Expanding its presence in the renewable energy sector to diversify its portfolio.

The company's ability to adapt to changing market conditions and leverage its technological expertise will be crucial for maintaining and improving its industry standing.