Worley Limited: Business Overview, Financials & Competitive Analysis

Worley Limited Overview

Worley Limited is an Australian engineering and professional services company which provides consulting and project delivery expertise to the energy, chemicals and resources sectors, and complex process industries. The company is a leading global provider of professional services, such as engineering, procurement, and construction management, to the oil, gas, mining, power, and infrastructure sectors. With ~59,000 employees globally, Worley addresses the world's most complex energy transition and industrial challenges.

Strategic Profile

The purchase of Jacobs ECR in April 2019 reduced revenue contribution from hydrocarbons to just over 50%, from a prior 75%-80% position, with metals and mining contributing 23% and infrastructure and chemicals the balance. In November 2023, Worley launched a refreshed brand direction, which included a new logo and a consolidation of its portfolio of subsidiaries, with Advisian, Chemetics, Comprimo, Cord, Intecsea, and Rosenberg all combined under the single Worley brand.

Competitive Landscape

AtkinsRéalis Group, Pöyry, Bechtel, Fluor, and Black & Veatch are some of the 37 competitors of Worley. Worley competes as a mega-contractor in the global EPC market alongside firms like Bechtel and Fluor, with particular strength in complex project delivery, energy transition services, and geographic diversity.

Industry Context

Worley Limited operates in Engineering, Procurement & Construction (EPC) and Professional Services - Energy, Chemicals & Resources.

Key facts

Founded: 1971 · Headquarters: Sydney, Australia · Employees: 59000 · Revenue: $7.26B · Market cap: $4.52B