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.
Interested in FTI? Don't miss the next report.
Receive e-mail alerts for new research on FTI
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.