FTI Latest Report

Financial Performance

TechnipFMC's total operating revenue reached RMB23.673 billion as of December 31, 2024, up 13.93% from RMB20.777 billion in 2023. This growth reflects the company's positive performance in terms of increased market demand, improved project delivery, and better cost control.

Key Financial Data

1. Total Operating Revenue: RMB23.673 billion, up 13.93% YoY

2. Improved cost control drives significant revenue growth

3. Operating cash flow in 2024 was US$693 million, up US$3.409 billion YoY

4. Subsea business orders grew 45% YoY to US$9.7 billion

Peer Comparison

1. Industry-wide analysis: The overall revenue of the oil and gas industry has been boosted by the recovery of global energy prices and increased market demand, indicating a recovery trend in the industry.

2. Peer evaluation analysis: TechnipFMC's revenue growth rate (13.93%) is higher than the industry average, demonstrating its competitiveness and business execution in the market.

Summary

TechnipFMC's revenue growth in 2024 was driven by increased market demand, improved project delivery, and effective cost control strategies. The company's performance in the oil and gas industry outperforms many competitors, showcasing its strong market execution capabilities.

Opportunities

1. Continue to promote iEPCI products to enhance market competitiveness.

2. Actively expand the international market, especially in cooperation with Petrobras in Brazil, which may bring higher revenue.

3. Utilize new technologies such as carbon capture and storage (CCS) projects to meet market demands for sustainable development.

Risks

1. Slowing global economic growth may affect the overall demand for the oil and gas industry.

2. Fluctuations in international oil prices may affect the company's pricing strategy and profit margins.

3. Intensified competition may lead to slower revenue growth, affecting the company's future development.