TechnipFMC

FTI

TechnipFMC plc ( Tek-NEEP-ef-em-see) is a global oil and gas company that provides complete project life cycle services for the energy industry. It was ranked 23rd among world's Top 225 International Design Firms in the year 2017 by Engineering News-Record. The company was formed by the merger of FMC Technologies of the United States and Technip of France that was announced in 2016 and completed in 2017. TechnipFMC acts in three distinct segments: subsea, offshore/onshore, and surface projects. These projects include offshore oil and gas exploration and extraction platforms, rigs, crude oil refinery, petrochemical plants such as Ethylene, Hydrogen, SynGas plants, Naptha, Benzene etc. plastics & rubber industry, fertiliser plant, onshore as well as floating LNG plants. The company is headquartered in London, and has major operations in Houston and Paris where its predecessor companies were headquartered. It has about 37,000 employees from 126 nationalities and operates in 48 countries. TechnipFMC stock is listed on the NYSE and Euronext Paris exchange, and is a component of the S&P 500, the CAC 40, and the Dow Jones Sustainability Index. The French government owns a 4 percent stake in the company.

TechnipFMC has been a target of short sellers for a while. The current short interest of 3.24% is roughly at the average of the last 12 months (3.24%).