TechnipFMC reports $3.26B loss due to impairments

PARIS-listed oilfield service contractor TechnipFMC has reported a US$3.26 billion loss in the first quarter largely due to impairments.

TechnipFMC reports $3.26B loss due to impairments TechnipFMC reports $3.26B loss due to impairments TechnipFMC reports $3.26B loss due to impairments TechnipFMC reports $3.26B loss due to impairments TechnipFMC reports $3.26B loss due to impairments

TechnipFMC CEO Doug Pferdehirt. Image on file.

 

The company's multi-billion-dollar loss compares to a $20.9 million net profit in the first quarter of last year, and comes as the company booked a non-cash impairment and charges worth $3.