Overview

Wood PLC operates as a global engineering and consulting firm focused on the energy and materials sectors. The company offers a variety of services, including engineering, procurement, construction management, and consulting, along with digital solutions. Its clients are primarily from the oil and gas, chemicals, and renewable energy industries. Wood emphasizes building long-term relationships with clients by providing integrated solutions that span the entire lifecycle of assets. Revenue is generated through various contract types, including lump-sum and reimbursable contracts, as well as consulting fees. Recently, Wood has been prioritizing the growth of its consulting and digital services, which are considered more stable against fluctuations in commodity prices. With a presence in over 60 countries, Wood leverages a diverse talent pool to meet client needs globally. The company has also pursued acquisitions to enhance its capabilities in key growth areas.

Simplify's Take

What believers are saying

• Designing world's first methanol-to-plastics facility opens new sustainable revenue streams.
• $2.8 billion UAE project strengthens Middle Eastern market presence.
• New FEED contract with Storegga aligns with global decarbonization trends.

What critics are saying

• Probe into accounting practices may lead to reputational damage and financial penalties.
• Sidara's acquisition proposal introduces strategic uncertainty and potential restructuring.
• High-value projects increase exposure to geopolitical risks and potential delays.

What makes Wood unique

• Wood offers integrated solutions across the entire asset lifecycle.
• Focus on consulting and digital businesses for higher margins and resilience.
• Global presence in over 60 countries enhances client service and talent access.

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