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Last 977.50 GBp
Change Today -3.50 / -0.36%
Volume 2.1M
PFC On Other Exchanges
Symbol
Exchange
London
OTC US
OTC US
Frankfurt
As of 12:35 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

petrofac ltd (PFC) Snapshot

Open
980.00 GBp
Previous Close
981.00 GBp
Day High
995.00 GBp
Day Low
966.00 GBp
52 Week High
05/6/14 - 1,483 GBp
52 Week Low
01/14/15 - 594.00 GBp
Market Cap
3.4B
Average Volume 10 Days
2.6M
EPS TTM
0.35 GBp
Shares Outstanding
345.9M
EX-Date
04/16/15
P/E TM
41.0x
Dividend
0.64 GBp
Dividend Yield
4.05%
Current Stock Chart for PETROFAC LTD (PFC)

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petrofac ltd (PFC) Details

Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide. The company operates in four segments: Onshore Engineering & Construction, Offshore Projects & Operations, Engineering & Consulting Services, and Integrated Energy Services. The Onshore Engineering & Construction segment provides engineering, procurement, and construction project execution services to the onshore oil and gas industry. The Offshore Projects & Operations segment offers offshore engineering, operations, and maintenance services in onshore and offshore areas; and engineering, procurement, and construction project execution services to the offshore oil and gas industry. The Engineering & Consulting Services segment provides technical engineering, consultancy, conceptual design, front end engineering and design, and project management consultancy services for various sectors, including renewables and carbon capture. The Integrated Energy Services segment co-invests with partners in oil and gas production, processing, and transportation assets; and offers production improvement services, and oil and gas related technical competency training and consultancy services. Petrofac Limited was founded in 1981 and is based in St Helier, the Channel Islands.

16,135 Employees
Last Reported Date: 02/25/15
Founded in 1981

petrofac ltd (PFC) Top Compensated Officers

Group Chief Executive, Director and Member of...
Total Annual Compensation: $2.2M
Chief Financial Officer and Executive Directo...
Total Annual Compensation: $1.5M
Chief Executive of Engineering, Construction,...
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2013.

petrofac ltd (PFC) Key Developments

Petrofac Enters into Memorandum of Understanding with McDermott International to Form Strategic Marketing Alliance

Petrofac Ltd. has entered into a memorandum of understanding with McDermott International Inc. to form a strategic marketing alliance. Under the terms of the five year alliance, which is subject to any regulatory approvals, the two companies will jointly pursue opportunities in the deepwater subsea, umbilicals, risers and flowlines (SURF) sector. The aim is to develop a first-class SURF market position targeting EPCI projects in the US Gulf of Mexico, Mexico, West Africa, Brazil, Mediterranean and North Sea. The Alliance will give both parties a wider geographic reach and enhanced access to world-class opportunities. It will also offer a broader range of assets to widen the potential market and optimize asset use. Bringing together the combined expertise of the two companies will open up further EPCI opportunities for Petrofac's world-class JSD6000 offshore installation vessel. Integrating its J-Lay, S-Lay and Derrick functions in conjunction with McDermott's speciality and established SURF fleet, including its new Derrick Lay Vessel DLV2000 and strong subsea fabrication capability, the Alliance will offer access to high-end turnkey projects in the deepwater and SURF markets.

Petrofac and McDermott in Alliance for Surf Sector

Petrofac has entered into a Memorandum of Understanding with McDermott International Inc. to form a strategic marketing alliance. Under the terms of the five year Alliance, which is subject to any regulatory approvals, the two companies will jointly pursue opportunities in the deepwater subsea, umbilicals, risers and flowlines (SURF) sector. The aim is to develop a first-class SURF market position targeting EPCI projects in the US Gulf of Mexico, Mexico, West Africa, Brazil, Mediterranean and North Sea. The Alliance will give both parties a wider geographic reach and enhanced access to world-class opportunities. The blend of experience, assets and capabilities will enable the company's to offer clients a very competitive integrated solution for their deepwater developments. It will also offer a broader range of assets to widen the potential market and optimise asset use. Bringing together the combined expertise of the two companies will open up further EPCI opportunities for Petrofac's world-class JSD6000 offshore installation vessel. Integrating its J-Lay, S-Lay and Derrick functions in conjunction with McDermott's speciality and established SURF fleet, including its new Derrick Lay Vessel DLV2000 and strong subsea fabrication capability, the Alliance will offer access to high-end turnkey projects in the deepwater and SURF markets.

Petrofac Limited Announces Consolidated Earnings Results for the Year Ended December 31, 2014; Proposes Final Dividend for the Year 2014 Payable on May 22, 2015; Announces Board Changes

Petrofac Limited announced consolidated earnings results for the year ended December 31, 2014. The company's revenue was $6.2 billion against $6.3 billion a year ago. EBITDA was $935 million against $1,031 million a year ago. Net profit was $581 million against $650 million a year ago. Operating profit for the year was lower at $691 million against $793 million reported last year. Reported profit for the year attributable to shareholders of the company was lower at $120 million against $650 million predominantly due to exceptional items and certain re-measurements in relation to the Integrated Energy Services portfolio. Earnings per share (diluted) were 168.99 cents against 189.10 cents a year ago. Net debt position was $0.7 billion at December 31, 2014 against $0.7 billion a year ago. Capital expenditure on property, plant and equipment totaled was $668 million compared to $597 million a year ago. Capital expenditure on intangible oil and gas assets during the year was $97 million against $43 million reported last year. Cash generated from operations was $790 million against $5 million reported last year. The Company proposes a final dividend of 43.80 cents per share for the year ended 31 December 2014 compared to 43.80 cents per share declared last year. The dividend, if approved, will be paid to shareholders on 22 May 2015 provided they are on the register on 17 April 2015 (the 'record date'). Shareholders who have not elected to receive dividends in US dollars will receive a sterling equivalent, based on the exchange rate on the record date. Shareholders have the opportunity to elect by close of business on the record date to change their dividend currency election. Together with the interim dividend of 22.00 cents per share (2013: 22.00 cents), this gives a total dividend for the year of 65.80 cents per share (2013: 65.80 cents), in line with the prior year. The Petrofac Board recommended that shareholders approve the appointment of Matthias Bichsel at its 2015 Annual General Meeting. If approved by shareholders, Matthias, who has over 30 years' relevant experience, most recently as Director of Projects & Technology at Royal Dutch Shell plc, will join the Board as an independent Non-executive Director on 14 May 2015. Matthias brings an extensive understanding of the oil and gas industry and the Board looks forward to working with him. In addition, Roxanne Decyk has notified the Board of her intention to step down as a Non-executive Director at the conclusion of the Annual General Meeting. The consequential changes to Board Committee memberships following these changes will be reviewed in due course.

 

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Industry Analysis

PFC

Industry Average

Valuation PFC Industry Range
Price/Earnings 41.7x
Price/Sales 0.8x
Price/Book 2.7x
Price/Cash Flow 39.0x
TEV/Sales 0.8x
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