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Private company

FMC Technologies

Logo: FMC Technologies, Inc., Public domain, via Wikimedia Commons5

Houston-based company

FMC Technologies, Inc. was a North American company that produced equipment for the exploration and production of hydrocarbons. FMC Technologies was incorporated in 2000 when FMC Corporation divested its machinery businesses. It exists today as a part of TechnipFMC, after a merge with Technip in 2017.3 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2000Founded1
  • Industrylist of oilfield service companies1
  • HeadquartersHouston1
  • Websitewww.fmctechnologies.com
  • Legal formpublic limited company1
  • Listed onNew York Stock Exchange (FTI)1
  • LEIEMQFUEY7DV1MVNKAUT874
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 33156584

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FMC Technologies, Inc. was a North American company that produced equipment for the exploration and production of hydrocarbons. FMC Technologies was incorporated in 2000 when FMC Corporation divested its machinery businesses. It exists today as a part of TechnipFMC, after a merge with Technip in 2017.3

Corporate structure

FMC Technologies sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What FMC Technologies reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.3B7 Dec 31, 2015$2.3B7 Dec 31, 2014−1.2%
Accumulated depreciation$892.1M7 Dec 31, 2015$833.4M7 Dec 31, 2014+7.0%
Property and equipment, net$1.4B7 Dec 31, 2015$1.5B7 Dec 31, 2014−6.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$916.2M7 Dec 31, 2015$638.8M7 Dec 31, 2014+43.4%
Long-term investments$29.6M7 Dec 31, 2015$35.9M7 Dec 31, 2014−17.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$514.7M7 Dec 31, 2015$552.1M7 Dec 31, 2014−6.8%
Intangible assets, net (excluding goodwill)$246.3M7 Dec 31, 2015$314.5M7 Dec 31, 2014−21.7%
Finite-lived intangibles, gross$386.2M7 Dec 31, 2015$440.2M7 Dec 31, 2014−12.3%
Accumulated amortization$139.9M7 Dec 31, 2015$125.7M7 Dec 31, 2014+11.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$744.6M7 Dec 31, 2015$1.0B7 Dec 31, 2014−27.1%
Raw materials$149.9M7 Dec 31, 2015$196.6M7 Dec 31, 2014−23.8%
Work in process$114.8M7 Dec 31, 2015$166.1M7 Dec 31, 2014−30.9%
Finished goods$723.4M7 Dec 31, 2015$849.9M7 Dec 31, 2014−14.9%

The story

FMC Technologies was a provider of systems and solutions for the oil and gas industry. The company was divided into three business areas: Subsea Technologies, Surface Technologies and Energy Infrastructures. FMC Technologies designed, manufactured and serviced systems and products such as subsea production and processing systems, surface wellhead systems, high pressure pumps and fluid control equipment, measurement solutions and marine loading systems. In 1993, it acquired the Norwegian company Kongsberg Offshore from Siemens.

FMC Technologies originally existed for decades as a division of Food Machinery Corporation, or FMC. The division's transition into a distinct business entity began in 2000, when FMC announced plans to restructure itself into two separate, publicly traded companies - a machinery business (FMC Technologies) and a chemicals business (FMC Corporation). FMC Technologies, Inc. began trading on the New York Stock Exchange on June 14, 2001. In 2008, FMC Technologies spun off its FoodTech and Airport businesses into a new, independent, publicly traded company called JBT Corporation. In 2009, the company acquired Multi Phase Meters (MPM), a Norwegian technology company that provides advanced instrumentation for the oil industry.

In 2014, FMC Technologies divested its Material Handling Products business to Syntron Material Handling, LLC, an affiliate of Levine Leichtman Capital Partners.

Globally, FMC Technologies had approximately 17,400 employees by 2015, consisting of approximately 5,700 in the United States and 11,700 in non-U.S. locations. The company had a total of 30 locations in 16 countries, including the United States, Norway, Brazil, Scotland, Singapore, Australia, Poland, Russia, India, Angola and Nigeria. Its headquarters were located in northern Houston, Texas. In Norway there were about 3800 employees, working at locations in Kongsberg, Asker, Bergen, Stavanger, Kristiansund, Floro and Notodden. On October 1, 2012, the company acquired Pure Energy Services. In the same year, FMC Technologies was named by Fortune (magazine) as the World's Most Admired Oil and Gas Equipment, Service Company.

On May 19, 2016, it was announced that FMC Technologies would team up with French Technip to create a new company called TechnipFMC. After the approval of regulatory authorities, TechnipFMC began operating as a unified company in Jan 17, 2017. The all-share deal resulted in a company with a market value of about $13 billion.

From Wikipedia’s article on FMC Technologies, shared under CC BY-SA 4.0.6

Leadership

Who has led FMC Technologies, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph H. Netherland2006–2007
  2. Peter D. Kinnear2007–2011
  3. John T. Gremp2011–2016
  4. Doug Pferdehirt2016–2017

Chair

  1. Joseph H. Netherland2006–2008
  2. John T. Gremp2012–2017

President

  1. Joseph H. Netherland2006
  2. Peter D. Kinnear2006–2010
  3. John T. Gremp2010–2016
  4. Robert L. Potter2012–2013
  5. Doug Pferdehirt2015–2017

Chief financial officer

  1. William H. Schumann2006–2011
  2. Maryann T. Seaman2010–2017

Chief operating officer

  1. Peter D. Kinnear2006–2007
  2. John T. Gremp2010–2011
  3. Doug Pferdehirt2012–2016
20052010201520202025
Board members and other officers (39)

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Acquisitions

  1. Succeeded by TechnipFMC1

Timeline

  1. Jan 17, 2017Went public Listed on NYSE1
  2. Sep 6, 2016New chief executive Doug Pferdehirt becomes CEO8
  3. Mar 16, 2011New chief executive John T. Gremp becomes CEO9
  4. Aug 3, 2007New chief executive Peter D. Kinnear becomes CEO10
  5. Jan 4, 2006New chief executive Joseph H. Netherland becomes CEO11
  6. 2000Founded Founded1

SEC filer profile

How FMC Technologies is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFMC TECHNOLOGIES INC2
  • CIK0001135152
  • Employer ID (EIN)36-44126422
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3533 Oil & Gas Field Machinery & Equipment2
  • Business address5875 N Sam Houston Parkway W, Houston, TX 770862
  • Phone28159140002
  • Shares outstanding225,702,027 as of Oct 24, 201658
  • Public float$5.4B as of Jun 30, 20157
  • On EDGAR sinceFeb 20, 20012
  • Filings2,349 in all: 4 (1,755), 8-K (213), 425 (71), SC 13G/A (67), 10-Q (47), 3 (24), 4/A (20), SC 13G (20)2
    All 38 form types

    11-K (18), 10-K (15), DEF 14A (15), UPLOAD (14), CORRESP (11), ARS (10), 8-K/A (8), S-1/A (4), S-8 (4), S-8 POS (4), 10-Q/A (3), SD (3), 3/A (2), 424B4 (2), 5 (2), 5/A (2), PRE 14A (2), 15-12B (1), 25-NSE (1), 424A (1), 424B2 (1), 424B5 (1), 8-A12B (1), DEFA14A (1), DEFM14A (1), FWP (1), POSASR (1), S-1 (1), S-3ASR (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2016
    Quarterly report (10-Q) Oct 27, 2016
    Proxy statement (DEF 14A) Mar 25, 2016
    Latest 8-K (8-K) Jan 17, 2017

Sources

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