OverviewSuggest Edit

Petrofac is a service provider to the oil and gas production and processing industries. The company offers engineering services, project execution and construction, operations services, asset management and procurement solutions, well engineering and decommissioning services, and training and competence solutions.
TypePublic
Founded1981
HQLondon, GB
Websitepetrofac.com
Employee Ratings3.8
Overall CultureB+

Latest Updates

Employees (est.) (Dec 2020)9,149(-14%)
Job Openings73
Revenue (FY, 2020)$4.1 B(-26%)
Share Price (Oct 2021)£1.6
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Key People/Management at Petrofac

Sami Iskander

Sami Iskander

Group Chief Executive , Director
Matthew Barton

Matthew Barton

Group General Counsel
Alastair Cochran

Alastair Cochran

Chief Financial Officer , Director
John Pearson

John Pearson

Chief Operating Officer, Engineering & Production Services
Roberto Bertocco

Roberto Bertocco

Chief Technical Commercial Officer
Elie Lahoud

Elie Lahoud

Chief Operating Officer, Engineering & Construction
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Petrofac Office Locations

Petrofac has offices in London, Aberdeen, Great Yarmouth, Woking and in 24 other locations
London, GB (HQ)
117 Jermyn St
Aberdeen, GB
1 N Esplanade W
Great Yarmouth, GB
36 N Quay
Woking, GB
Duke St
Brisbane City, AU
Christie Centre, 320 Adelaide St
Melbourne, AU
2nd floor/61 Exhibition St
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Petrofac Financials and Metrics

Petrofac Revenue

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Petrofac's revenue was reported to be $4.08 b in FY, 2020 which is a 26.2% decrease from the previous period.
USD

Revenue (FY, 2020)

4.1b

Revenue growth (FY, 2019 - FY, 2020), %

(26.2%)

Gross profit (FY, 2020)

279.0m

Gross profit margin (FY, 2020), %

6.8%

Net income (FY, 2020)

(189.0m)

EBIT (FY, 2020)

(148.0m)

Market capitalization (22-Oct-2021)

539.3m

Closing stock price (22-Oct-2021)

1.6

Cash (31-Dec-2020)

684.0m

EV

655.3m
Petrofac's current market capitalization is £539.3 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

5.8b5.5b4.1b

Revenue growth, %

(9%)(5%)(26%)

Cost of goods sold

5.1b4.9b3.8b

Gross profit

719.0m621.0m279.0m
Half Year
USDH1, 2018H1, 2019H1, 2020

Revenue

2.8b2.8b2.1b

Cost of goods sold

2.4b2.5b1.9b

Gross profit

344.0m330.0m166.0m

Gross profit Margin, %

12%12%8%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

726.0m1.0b684.0m

Accounts Receivable

829.0m615.0m550.0m

Inventories

21.0m17.0m8.0m

Current Assets

4.3b4.9b3.4b
Half Year
USDH1, 2018H1, 2019H1, 2020

Cash

712.0m993.0m861.0m

Accounts Receivable

868.0m788.0m689.0m

Inventories

4.0m19.0m14.0m

Current Assets

4.9b4.8b4.6b
Annual
USDFY, 2018FY, 2019FY, 2020

Depreciation and Amortization

141.0m133.0m125.0m

Inventories

(17.0m)1.0m4.0m

Accounts Payable

(103.0m)161.0m(156.0m)

Cash From Operating Activities

484.0m238.0m(16.0m)
Half Year
USDH1, 2018H1, 2019H1, 2020

Depreciation and Amortization

78.0m74.0m67.0m

Inventories

1.0m2.0m3.0m

Accounts Payable

(13.0m)184.0m58.0m

Cash From Operating Activities

(181.0m)190.0m22.0m
USDH1, 2018

Revenue/Employee

218.4k

Debt/Equity

2.9 x

Debt/Assets

0.3 x

Financial Leverage

9.1 x
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Petrofac Operating Metrics

Petrofac's Backlog was reported to be $5b in FY, 2020.
H1, 2018FY, 2018H1, 2019FY, 2019H1, 2020FY, 2020

Backlog

$9.7 b$9.6 b$8.6 b$7.4 b$6.2 b$5 b

Backlog (Engineering and Construction)

$6.9 b$7.3 b$7.3 b$5.7 b$4.3 b$3.2 b

Backlog (Engineering and Production Services)

$2.8 b$2.3 b$1.3 b$1.7 b$1.9 b$1.7 b

Order Intake

$2.1 b$5.04 b$1.78 b$3.16 b$1.05 b$1.63 b
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Petrofac Acquisitions / Subsidiaries

Company NameDateDeal Size
W&W Energy ServicesNovember 29, 2019$22 m
OilenniumNovember 02, 2012
KW LimitedFebruary 16, 2012
SkillsXPMay 18, 2011€1 m
TNEI ServicesJuly 14, 2010£7.5 m
CO2DeepStoreApril 27, 2010
Stephen Gillespie ConsultantsApril 01, 2010£2.1 m
ScotvalveJanuary 14, 2010£3 m
CaltecAugust 29, 2008£15 m
Eclipse Petroleum TechnologyJuly 25, 2008£7 m
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Petrofac Revenue Breakdown

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Petrofac revenue breakdown by business segment: 21.8% from Engineering and Production Services, 75.5% from Engineering and Construction and 2.7% from Other

Petrofac revenue breakdown by geographic segment: 14.2% from Thailand, 14.0% from Algeria, 7.2% from United Arab Emirates, 13.0% from United Kingdom, 18.2% from Oman, 8.0% from Kuwait, 5.8% from Iraq, 5.7% from Netherlands and 14.0% from Other

Human Capital Metrics

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Petrofac Online and Social Media Presence

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Petrofac Company Culture

  • Overall Culture

    B+

    73/100

  • CEO Rating

    A+

    81/100

  • Compensation

    A+

    89/100

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Petrofac News and Updates

Petrofac fine fallout: Penalty too light for SFO to claim success?

Petrofac’s relatively low penalty for multiple bribery offenses might encourage companies to take their chances when faced with the choice of a possible criminal conviction or cutting a deal with the Serious Fraud Office, legal experts warn.

Petrofac Gets $105M Fine for Middle East Bribery .

Petrofac Gets $105M Fine for Middle East Bribery .

Petrofac to pay $105M for widespread bribery scheme

Petrofac on Monday was ordered to pay £77 million (U.S. $105 million) to conclude a long-running investigation into allegations company executives paid to win lucrative oil contracts in Iraq, Saudi Arabia, and the United Arab Emirates (UAE).

Petrofac Shares Surge After $105M Penalty Draws Line Under Bribery Probe

Petrofac Shares Surge After $105M Penalty Draws Line Under Bribery Probe

Petrofac to pay $105M for widespread bribery scheme

Petrofac to pay $105M for widespread bribery scheme

Petrofac fined £77m for string of Middle Eastern bribery charges

Petrofac has been fined £77m for seven separate charges of failing to prevent bribery in the Middle East, to which The post Petrofac fined £77m for string of Middle Eastern bribery charges appeared first on CityAM.
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Petrofac Frequently Asked Questions

  • When was Petrofac founded?

    Petrofac was founded in 1981.

  • Who are Petrofac key executives?

    Petrofac's key executives are Sami Iskander, Matthew Barton and Alastair Cochran.

  • How many employees does Petrofac have?

    Petrofac has 9,149 employees.

  • What is Petrofac revenue?

    Latest Petrofac annual revenue is $4.1 b.

  • What is Petrofac revenue per employee?

    Latest Petrofac revenue per employee is $446.1 k.

  • Who are Petrofac competitors?

    Competitors of Petrofac include Tecnimont, EnerMech and Arcadis.

  • Where is Petrofac headquarters?

    Petrofac headquarters is located at 117 Jermyn St, London.

  • Where are Petrofac offices?

    Petrofac has offices in London, Aberdeen, Great Yarmouth, Woking and in 24 other locations.

  • How many offices does Petrofac have?

    Petrofac has 31 offices.