Peter Mellbye - TechnipFMC PLC Non-Executive Independent Director

FTI Stock  USD 25.59  0.20  0.79%   

Director

Mr. Peter Mellbye serves as Independent Director of the Company. Mr. Mellbye served as Executive Vice President, Development Production, International, of Statoil ASA, an international oil and gas company, from January 2011 until his retirement in September 2012. He was Executive Vice President, Production International Exploration of Statoil from August 2004 to January 2011. From 1992 to 2004, Mr. Mellbye was Statoils Executive Vice President, Natural Gas, and, from 1990 to 1992, he served as Senior Vice President, Natural Gas. He joined Statoil in 1982 as Vice President, Gas Marketing, a position he held until 1990 since 2017.
Age 71
Tenure 7 years
Address One Subsea Lane, Houston, TX, United States, 77044
Phone281 591 4000
Webhttps://www.technipfmc.com
Mellbye worked in the Norwegian Ministry of Trade and Industry from 1975 to 1979 before joining the Norwegian Trade Council, where he worked from 1979 to 1982. In addition to serving on our Board, Mr. Mellbye also serves as a director of the following nonpublic companies: WestGass AS, Otovo AS, Global LNG Services AS, Statkraft AS, Competentia, Half Wave AS, Altus Intervention, Resoptima AS, and Wellesley Petroleum AS.

TechnipFMC PLC Management Efficiency

The company has Return on Asset of 0.0474 % which means that on every $100 spent on assets, it made $0.0474 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0546 %, implying that it generated $0.0546 on every 100 dollars invested. TechnipFMC PLC's management efficiency ratios could be used to measure how well TechnipFMC PLC manages its routine affairs as well as how well it operates its assets and liabilities. As of now, TechnipFMC PLC's Return On Tangible Assets are decreasing as compared to previous years. The TechnipFMC PLC's current Return On Equity is estimated to increase to 0.03, while Return On Capital Employed is projected to decrease to 0.05. As of now, TechnipFMC PLC's Intangible Assets are increasing as compared to previous years. The TechnipFMC PLC's current Net Tangible Assets is estimated to increase to about 3.9 B, while Non Currrent Assets Other are projected to decrease to under 156.7 M.
The company has 1.97 B in debt with debt to equity (D/E) ratio of 0.71, which is OK given its current industry classification. TechnipFMC PLC has a current ratio of 1.24, demonstrating that it is not liquid enough and may have problems paying out its financial commitments when the payables are due. Debt can assist TechnipFMC PLC until it has trouble settling it off, either with new capital or with free cash flow. So, TechnipFMC PLC's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like TechnipFMC PLC sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for TechnipFMC to invest in growth at high rates of return. When we think about TechnipFMC PLC's use of debt, we should always consider it together with cash and equity.

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TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. The company was founded in 1884 and is based in Newcastle Upon Tyne, the United Kingdom. TechnipFMC Plc operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 20000 people. TechnipFMC PLC (FTI) is traded on New York Stock Exchange in USA. It is located in One Subsea Lane, Houston, TX, United States, 77044 and employs 21,000 people. TechnipFMC PLC is listed under Oil & Gas Equipment & Services category by Fama And French industry classification.

Management Performance

TechnipFMC PLC Leadership Team

Elected by the shareholders, the TechnipFMC PLC's board of directors comprises two types of representatives: TechnipFMC PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TechnipFMC. The board's role is to monitor TechnipFMC PLC's management team and ensure that shareholders' interests are well served. TechnipFMC PLC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TechnipFMC PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
Brooke Robertson, Director PR
Thierry Conti, President Technologies
Justin Rounce, Executive Vice President and Chief Technology Officer
Sophie Zurquiyah, Non-Executive Independent Director
Nisha Rai, Executive Vice President People and Culture
Luana Duffe, Executive Vice President New Energy Ventures
David Light, Controller VP
Bruno Vibert, Chief Energies
Magali Castano, Senior Energies
John Yearwood, Non-Executive Independent Director
Eleazar Filho, Non-Executive Independent Director
Alf Melin, Chief Financial Officer, Executive Vice President
MarieAnge Debon, Independent Director
Joseph Rinaldi, Independent Director
James Ringler, Independent Director
Agnieszka Kmieciak, Executive Vice President - People and Culture
Christophe Belorgeot, Senior Vice President - Corporate Engagement
Jonathan Landes, President - Subsea
Claire Farley, Non-Executive Lead Independent Director
Phillip Lindsay, Director Energies
Victoria Lazar, Executive Vice President Chief Legal Officer, General Counsel and Secretary
Richard Alabaster, President - Surface Technologies Business
John OLeary, Non-Executive Independent Director
Arnaud Pieton, President and Chief Executive Officer-elect - Technip Energies
Nicola Cameron, Vice Communications
Knut Boe, President Canada
Barry Glickman, President - Engineering, Manufacturing and Supply Chain
Kay Priestly, Non-Executive Independent Director
Arnaud Caudoux, Independent Director
Pascal Colombani, Lead Independent Director
Alain Poincheval, Fellow Energies
Didier Houssin, Independent Director
Olivier Piou, Independent Director
Douglas Pferdehirt, Chairman of the Board, Chief Executive Officer
Mark Scott, HSESecurity Quality
Cristina Aalders, Secretary, VP
Margareth Ovrum, Non-Executive Independent Director
Krisztina Doroghazi, Senior Vice President Chief Accounting Officer, Controller
Charles Cessot, Senior Energies
Matt Seinsheimer, Vice Relations
Maryann Mannen, Chief Financial Officer, Executive Vice President
Catherine MacGregor, President - Onshore/Offshore
Dianne Ralston, Executive Vice President, Chief Legal Officer and Secretary
Stan Knez, Senior Energies
Nello Uccelletti, President - Onshore/Offshore Business
Peter Mellbye, Non-Executive Independent Director
Tore Halvorsen, Sr. VP of Subsea Technologies
Marco Villa, Chief Energies

TechnipFMC Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is TechnipFMC PLC a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether TechnipFMC PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TechnipFMC PLC's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Technipfmc Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Technipfmc Plc Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in TechnipFMC PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in TechnipFMC Stock please use our How to Invest in TechnipFMC PLC guide.
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Is TechnipFMC PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TechnipFMC PLC. If investors know TechnipFMC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TechnipFMC PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
397.18
Dividend Share
0.15
Earnings Share
0.47
Revenue Per Share
18.676
Quarterly Revenue Growth
0.189
The market value of TechnipFMC PLC is measured differently than its book value, which is the value of TechnipFMC that is recorded on the company's balance sheet. Investors also form their own opinion of TechnipFMC PLC's value that differs from its market value or its book value, called intrinsic value, which is TechnipFMC PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TechnipFMC PLC's market value can be influenced by many factors that don't directly affect TechnipFMC PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TechnipFMC PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if TechnipFMC PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TechnipFMC PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.