TechnipFMC plc Ordinary Share (FTI)

Competitors to TechnipFMC plc Ordinary Share (FTI)

Baker Hughes Company

Baker Hughes provides a diverse array of oilfield products, energy technology, and digital solutions. Its competition with TechnipFMC arises mainly in integrated solutions, where both companies focus on optimizing oil and gas production. Baker Hughes is increasingly leveraging its digital technologies and industrial analytics to enhance operations, giving it a significant advantage in technology-driven aspects of the market. This emphasis on technology and efficiency often allows Baker Hughes to lead in client-driven innovation compared to TechnipFMC.

Halliburton Company 

Halliburton primarily competes with TechnipFMC in the oilfield services sector, focusing on well construction and completion solutions. While TechnipFMC has a stronger emphasis on subsea and offshore projects, Halliburton competes vigorously on land-based services in North America and offers comprehensive drilling and completion services. Halliburton's innovative technologies and established market share in shale oil and gas production give it a competitive edge, particularly in rapidly evolving markets.

Saipem S.p.A.

Saipem is a prominent player in the engineering and construction sector, particularly in the oil and gas industry. TechnipFMC and Saipem both pursue large-scale projects, including subsea, onshore, and offshore developments. While TechnipFMC excels in subsea development solutions, Saipem's competitive pricing and robust engineering capabilities allow it to capture projects in various regions worldwide effectively, presenting a direct challenge to TechnipFMC's market segment.

Schlumberger Limited 

Schlumberger is one of the largest oilfield services companies globally and competes with TechnipFMC across multiple segments of the energy industry, including offshore engineering, subsurface solutions, and integrated project management. Both companies strive to innovate in subsea technology and digital solutions, but Schlumberger's extensive global reach and established relationships with major oil companies provide it with a significant competitive advantage. Their strong presence in the field tends to attract more business from larger contracts, particularly in deep water and unconventional resources.

Wood PLC

Wood PLC is involved in providing engineering and consultancy services across a broad range of sectors, including oil and gas. Wood competes with TechnipFMC primarily on project delivery, asset management, and decommissioning services. Although TechnipFMC has a strong focus on deepwater developments and subsea technologies, Wood's competitive advantage lies in its flexibility and adaptability for various project types, along with a strong focus on sustainability and environmental considerations in energy projects.