Overview
Petrofac provides facility design, construction, engineering, procurement, and management services for the oil and gas industry. It delivers production and processing facility services to international oil companies and other clients. Petrofac operates in the UK, Africa, the Middle East, and the Commonwealth of Independent States (which includes former Soviet Republic nations), and is building its business in the Asia/Pacific region. In addition to
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Read More its engineering, construction, and asset solutions, the company also offers integrated energy services. It operates more than 30 offices in over 20 countries. Petrofac was established in 1981. Around a quarter of the company's total revenue comes from the UK.
Read Less
Read More its engineering, construction, and asset solutions, the company also offers integrated energy services. It operates more than 30 offices in over 20 countries. Petrofac was established in 1981. Around a quarter of the company's total revenue comes from the UK.
Read Less
Tareq Fawzi Kawash
See more contacts
Management of Companies and Enterprises
,
Support Activities for Mining
,
Holding companies, nec
,
Oil and gas field services, nec
?
$2.50 billion
Actual
-2.77%
$2,759
DEC
?
?
London SETS:PFC
Contacts
Get in Touch with 6 Principals* and 46 Contacts
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Tareq Fawzi KawashChief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2023
$2.50 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Operating Cash | -$97 | -$146 | -$161 |
| Net Investing Cash | $32 | $98 | $38 |
| Net Financing Cash | -$185 | -$114 | $104 |
| Net Change in Cash | -$250 | -$162 | -$19 |
| Cash at Beginning of Period | $450 | $620 | $639 |
| Cash at End of Period | $201 | $450 | $620 |
| Capital Expenditure | -$16 | -$46 | -$53 |
| Assets (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $201 | $450 | $620 |
| Accounts Receivable | $722 | $499 | $405 |
| Inventories | $11 | $17 | $23 |
| Other Current Assets | $1,192 | $1,693 | $2,046 |
| Asset Summary | |||
| Total Current Assets | $2,126 | $2,659 | $3,094 |
| Tangible Fixed Assets | $170 | $244 | $273 |
| Intangible Assets | $26 | $25 | $23 |
| Total Assets | $2,759 | $3,262 | $3,807 |
| Liabilities (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $604 | $475 | $561 |
| Short-Term Debt | $784 | $799 | $764 |
| Other Current Liabilities | $1,568 | $1,577 | $1,692 |
| Liability Summary | |||
| Total Current Liabilities | $2,956 | $2,851 | $3,017 |
| Long-Term Debt | $ | $ | $ |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $3,195 | $3,160 | $3,384 |
| Stakeholder's Equity (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Equity | |||
| Common Stock | $10 | $10 | $10 |
| Retained Earnings | -$663 | -$153 | $168 |
| Equity Summary | |||
| Total Equity | -$401 | $119 | $413 |
| Shares Outstanding | 518,753,209 | 521,157,442 | 519,818,832 |