TechnipFMC shares are trading higher after the company announced it was rewarded two contracts by the Petrobas for Brazil's pre-salt fields. The first contract is between $250 million to $500 million and the second is ranges from $75 million to $250 million.
Portfolio Pulse from Benzinga Newsdesk
TechnipFMC shares rise as the company secures two contracts from Petrobas for Brazil's pre-salt fields, valued between $325 million and $750 million.
September 20, 2024 | 6:41 pm
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POSITIVE IMPACT
TechnipFMC's stock is trading higher following the announcement of two significant contracts with Petrobas for Brazil's pre-salt fields, with a combined value between $325 million and $750 million.
The announcement of two substantial contracts with Petrobas is a positive development for TechnipFMC, likely boosting investor confidence and driving the stock price up. The contracts' significant value indicates potential revenue growth, enhancing the company's financial outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100