Fluor Initiates Construction at Delayed Coker Unit for Exxon - Analyst Blog

Fluor Corporation (FLR) initiated construction at the new delayed coker unit in the Antwerp, Belgian refinery. The company is building the facility at ExxonMobil Petroleum & Chemical BVBA refinery of Exxon Mobil Corporation (XOM).

The construction will expand the production capabilities of Exxon Mobil's refinery in Belgium. In particular, this under-development delayed coker unit will transform heavy, higher sulfur residual oils into transportation fuel products.

Fluor will offer the designing, procurement, engineering, module fabrication, installation and construction services to this refinery expansion project. The company will primarily apply its modular execution and construction innovations in developing this European downstream market project. The engineering and design work at the project started in June this year and Fluor has already registered it in its backlog volume.

Fluor is one of the leading professional services provider firms and engages in engineering, procurement, construction, maintenance services as well as project management services on a global basis.

The company boasts a track record of prompt project completions. Signifying such proficiency, last week, Fluor stated the accomplishment of the 95 Express Lanes project in Northern Virginia, ahead of its specified schedule (read more: Fluor Delivers 95 Express Lanes Project Before Time). Also, earlier this month, Fluor declared the delivery of the first four train cars for the Regional Transportation District's (RTD) commuter rail network in Denver, CO.

Fluor currently has a Zacks Rank #3 (Hold). Better-ranked stocks worth considering in the sector include Willdan Group, Inc. (WLDN) and AECOM Technology Corp. (ACM). Both stocks sport a Zacks Rank #1 (Strong Buy).