Extra About KBR’s Major Clients
KBR (KBR) has a diverse customer base. In keeping with KBR, its clients are “domestic and foreign governments, worldwide and national oil and gasoline corporations, independent refiners, petrochemical producers, fertilizer producers and manufacturers.”
Income from overseas ge petroleum equipment beijing operations represented 63%, 57%, and fifty one% of KBR’s total income in 2014, 2015, and 2016, respectively. In this part, we’ll look at the clients that contribute a serious a part of KBR’s income.
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KBR generated important income from the US authorities and Chevron (CVX). On April 13, 2017, KBR signed an extended-term contract with Chevron. Based on the deal, KBR will present engineering and procurement services to Chevron for ten years. Providers shall be provided in a number of locations globally. KBR was awarded one other Chevron venture, the Gorgon mission, in 2005. ExxonMobil (XOM) and Imperial Oil (IMO) are among KBR’s outstanding oil and gasoline (XLE) customers in North America.
Europe, the Center East, and Africa
KBR’s main purchasers in the EMEA (Europe, the Middle East, and Africa) region are the UK Ministry of Defence, Saudi Aramco, The Dow Chemical Company, and Lloyds Power. In 2016, KBR acquired long-time period contracts from the UK Ministry of Defence to offer providers to its navy flying training system and military basing programs. Together, the contracts have a price of approximately $1 billion.
KBR’s Asia-Pacific clients embody Gateway South (a joint venture between Fulton Hogan and Laing O’Rourke), SA Water, and the State Oil Company of ge petroleum equipment beijing the Azerbaijan Republic (or SOCAR).
On November 30, 2017, KBR was awarded a contract by Indian firm Rashtriya Chemicals & Fertilizers to re-equip the company’s ammonia facility. Visit our Industrial page for financial updates on KBR.