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Petrofac Limited

PFC.L

Latest Trade

168.40GBp

Change

1.90(+1.14%)

Volume

297,409

Today's Range

165.35

 - 

170.07

52 Week Range

146.65

 - 

460.30

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
166.50
Open
168.80
Volume
297,409
3M AVG Volume
30.19
Today's High
170.07
Today's Low
165.35
52 Week High
460.30
52 Week Low
146.65
Shares Out (MIL)
345.91
Market Cap (MIL)
586.72
Forward P/E
7.18
Dividend (Yield %)
6.04

Next Event

Half Year 2020 Petrofac Ltd Earnings Release

Latest Developments

More

Petrofac Joint Venture Secures EPCC Contract In Kazakhstan Worth About $135 Mln

Petrofac Says Trading & Awards Materially Impacted By Covid-19, Fall In Prices

Milux Corp Entered MoU With Petrofac Engineering Services Sdn

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About Petrofac Limited

Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects. The Company operates through three segments: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services (IES) business. The Engineering & Construction segment provides lump-sum engineering, procurement and construction project execution services to the onshore and offshore oil and gas industry. The Engineering & Production Services includes all reimbursable engineering and production services activities to the oil and gas industry. The Integrated Energy Services business is focused on delivering value from the Company's existing asset portfolio.

Industry

Construction Services

Contact Info

44 Esplanade

JE4 9WG

Jersey

https://www.petrofac.com/en-gb/home/

Executive Leadership

Rene Medori

Non-Executive Chairman of the Board

Ayman Asfari

Group Chief Executive, Executive Director

Alastair Cochran

Chief Financial Officer, Executive Director

Matthew Barton

Group General Counsel

Elie Lahoud

Managing Director - Engineering & Construction, Region Two

Key Stats

2.56 mean rating - 18 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2017

6.4K

2018

5.8K

2019

5.5K

2020(E)

4.4K
EPS (USD)

2017

1.010

2018

1.023

2019

0.804

2020(E)

0.295
Price To Earnings (TTM)
10.22
Price To Sales (TTM)
0.13
Price To Book (MRQ)
1.13
Price To Cash Flow (TTM)
3.74
Total Debt To Equity (MRQ)
228.75
LT Debt To Equity (MRQ)
141.71
Return on Investment (TTM)
3.79
Return on Equity (TTM)
1.12

Latest News

Latest News

BRIEF-Petrofac Says Trading & Awards Materially Impacted By Covid-19, Fall In Prices

* PETROFAC - ON TRACK TO DELIVER US$125 MILLION OF COST SAVINGS IN 2020 AND UP TO US$200 MILLION IN 2021

Petrofac warns of project delays on COVID-19, lower oil prices

Petrofac Ltd <PFC.L> on Friday warned of delays in new projects until 2021 due to coronavirus-induced supply chain disruptions and travel restrictions as well as lower oil prices and said it was taking steps to conserve cash.

Petrofac warns of project delays on COVID-19, lower oil price hit

Petrofac Ltd warned on Friday it was now assuming most new projects would be delayed until 2021 due to coronavirus-led supply chain disruptions and travel restrictions, and was taking steps to conserve cash and ride out the storm.

BRIEF-Petrofac Says Co Expects To Reduce Overhead & Project Support Costs By At Least $125 Mln In 2020

* PETROFAC - SUSPENSION OF FINAL 2019 DIVIDEND AND 40% REDUCTION IN CAPITAL INVESTMENT HAS CONSERVED AN INCREMENTAL US$145 MILLION OF CASH FLOW

Petrofac to cut 2020 spending by $100 mln, more cuts in 2021

Oilfield services provider Petrofac said it would cut spending this year by $100 million and next year by $200 million to weather the collapse of activity in the sector amid the coronavirus outbreak and severe crude oil oversupply.

UPDATE 1-Petrofac seeks redundancies, considers salary cuts - email

Oilfield services provider Petrofac is launching a redundancy programme that it expects will end up reducing staff numbers by 20% as it seeks to cope with plunging oil prices, according to a source and an internal email seen by Reuters.

Petrofac seeks redundancies, considers salary cuts - email

Oilfield services provider Petrofac is launching a redundancy programme that it expects will end up reducing staff numbers by 20% as it seeks to cope with plunging oil prices, according to a source and an internal email seen by Reuters.

Petrofac sees further fall in revenue after probe hit 2019

Oilfield services provider Petrofac <PFC.L> reported a 16.7% drop in core profit for 2019 on Tuesday and reiterated forecasts of a decline in revenue this year as it recovers from a hit to orders in Saudi Arabia and Iraq last year.

Petrofac sees further decline in revenue in 2020

Oilfield services provider Petrofac reported a 16.7% drop in core profit for 2019 on Tuesday and reiterated forecasts of a decline in revenue this year as it recovers from a hit to orders in Saudi Arabia and Iraq last year.

Petrofac wins $40 mln development contract from Sharjah National Oil Corp

British oilfield services provider Petrofac has won a $40 million contract from the Sharjah National Oil Corporation to develop a project in the United Arab Emirates, it said in a statement on Thursday. (Reporting by Saeed Azhar; Writing by Nayera Abdallah; Editing by Jan...

UPDATE 1-Petrofac secures contracts worth $1.65 bln from state-owned ADNOC

Oilfield services provider Petrofac said on Tuesday it has secured two contracts worth about $1.65 billion from state-owned Abu Dhabi National Oil Company for one of the biggest gas projects in the United Arab Emirates (UAE).

Petrofac awarded contracts worth $1.65 bln by ADNOC

Oilfield services provider Petrofac said on Tuesday its Emirati unit secured two contracts worth about $1.65 billion from Abu Dhabi National Oil Company (ADNOC).

Petrofac says bidding process delays hurt new orders; shares fall

Oilfield services provider Petrofac Ltd <PFC.L> said on Tuesday it expected a more than 5% fall in full-year revenue, as delays in bidding processes hit new orders for its engineering and construction segment during the second half of 2019.

Petrofac sees lower full-year revenue as bidding process delays hit order intake

Oilfield services provider Petrofac Ltd guided to a more than 5% fall in full-year revenue on Tuesday, with delays in bidding processes constricting order intake in its biggest segment during the second half.

Petrofac sells remaining stake in Mexico oilfields to Perenco

(This September 19 story corrects to add dropped word "up to" in first paragraph)

CORRECTED-Petrofac to divest remaining stake in Mexico for up to $276 mln (Sept. 19)

Oilfield services company Petrofac Ltd said it would sell its remaining 51% interest in its Mexico operations to Perenco (Oil & Gas) International Ltd for up to $276 million.

Petrofac expects 2020 sales fall as bribery probe weighs on orders

Petrofac Ltd <PFC.L> on Wednesday reported a fall in first-half order intake and forecast lower 2020 revenue, citing uncertainty relating to an investigation into the oilfield services company's dealings in Saudi Arabia and Iraq.

Petrofac not aware of formal suspension for new contracts in Iraq

Oil services group Petrofac is not aware of a formal notification it has been suspended from bidding for new contracts in Iraq, its Chief Financial Officer Alastair Cochran said on Wednesday.

Petrofac first half profit falls on drop in Saudi, Iraqi orders

Oilfield services provider Petrofac Ltd reported an 8.7% fall in first-half profit on Wednesday as fewer new orders poured in because of an ongoing probe into its contract dealings in Saudi Arabia and Iraq.

Oil company chief says Iraq suspended new Petrofac contract bids

Iraq has temporarily suspended Petrofac <PFC.L> from bidding on new contracts, although existing deals are not affected, the head of an Iraqi state oil firm said on Thursday.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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