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Why Offshore Projects Hold the Key for FMC Technologies

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Part 6
Why Offshore Projects Hold the Key for FMC Technologies PART 6 OF 15

How Much Rig Counts Affect FTI’s International Revenues

Revenue from International Operations segment

In 2015, FMC Technologies’s (FTI) revenue share generated outside the US rose by 1%. FTI’s revenue from the international geographies increased to 70% of its total revenues in 2015, compared to 69% in 2014.

In comparison, Halliburton’s (HAL) revenues from its International Operations segment increased to ~58% of its total revenues by the end of 2015, compared to 46% in the previous year. How Much Rig Counts Affect FTI&#8217;s International Revenues

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International rig count

By July 31, the international rig count declined by 16% over the previous year. This decline was smaller than the fall in the US rig count, which nearly halved in the past year through August 26, 2016.

FTI comprises 0.11% of the iShares Russell Mid-Cap ETF (IWR). The energy sector makes up 6.0% of IWR.

Next, we’ll discuss FMC Technologies’s backlog.

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