Top 20 EPC Contractors in Oil & Gas 2026
The global Oil & Gas EPC market is projected to reach USD 604 billion by 2030. Digital transformation has become a critical differentiator among leading contractors.
1. Bechtel Corporation
The largest privately-held engineering and construction company in the world. Bechtel delivers mega-projects across energy, infrastructure, nuclear, and defense sectors in over 160 countries. Iconic projects include the Hoover Dam, the Channel Tunnel, and numerous LNG plants globally.
Revenue trend (10Y): Peak at $32.9B (2016), declined to ~$17B during the oil price downturn and COVID (2020), then recovered strongly to $20.6B (2024) with a backlog of $58.2B; its highest in decades.
David Wilson (Chief Innovation Officer):
“When innovation is truly adopted as a value, everyone in the organization will be encouraged to take ownership and an active interest in its evolution.” BuiltWorlds
Key initiative: Bechtel Innovate (2016) - incubator for disruptive ideas. Partnered with Cumulus Digital Systems to reduce bolted connection leak rates to 0.1% (100x improvement).
2. Fluor Corporation
One of the largest publicly-traded EPC firms, Fluor provides engineering, procurement, construction, and maintenance services for oil & gas, chemicals, mining, transportation, and power sectors. Headquartered in Irving, Texas, Fluor has delivered projects in over 100 countries.
Revenue trend (10Y): From $18.1B (2015) to a low of $13.7B (2020) during the industry downturn, now recovering at $15.5B (2024). The company underwent a strategic restructuring in 2020-2021, exiting lower-margin businesses to focus on higher-value projects.
Raj Desai (Chief Procurement Officer & IT Leader) joined October 2024, overseeing digitalization and AI initiatives.
Tech stack: SAP S/4 HANA, Intergraph 3D, Power BI, SAP Ariba
Results: 15% efficiency improvement in 2024 energy transition projects through BIM and AI predictive analytics.
3. TechnipFMC
A global leader in subsea systems and offshore energy, formed by the 2017 merger of Technip (France) and FMC Technologies (USA). TechnipFMC is the only company that designs, builds, installs, and services vertically-integrated subsea systems from wellhead to platform with its own fleet.
Revenue trend (10Y): Post-merger revenue of ~$13B (2018), then spun off Technip Energies in 2021, bringing standalone revenue to ~$6.4B. Since then, strong recovery to $7.8B (2024) driven by subsea order growth and the iEPCI integrated model.
Digital platforms:
- iEPCI (Integrated EPCI)
- iFEED (Front-End Engineering)
- iComplete (Project completion)
Launched Digital Academy in 2024 for knowledge transfer and digital skills.
4. Saipem SpA
Italian EPC giant specializing in offshore and onshore engineering, construction, and drilling. Saipem operates one of the world's largest deepwater construction fleets and has 60+ years of experience in complex pipeline installations, FPSO/platform construction, and LNG plant delivery across 70+ countries.
Revenue trend (10Y): EUR 12.7B (2015), declined sharply to EUR 6.5B (2021) during the oil price collapse and COVID. Strong recovery: EUR 10B (2022), EUR 11.9B (2023), EUR 14.6B (2024). Now merging with Subsea 7 to create a EUR 21B combined entity.
Paolo Albini (Chief Supply Chain, Digital and IT Officer):
“Saipem’s goal is to define a new way of delivering projects by using AI applications to develop optimized, fast and innovative engineering solutions.” AVEVA
Giuseppe Trefiletti (former Digital Transformation Manager): “Digital transformation is the right use to push innovation.”
Merging with Subsea 7 to form Saipem7 (H2 2026) - EUR 21B combined revenue.
5. KBR, Inc.
Originally a Halliburton subsidiary, KBR pivoted from traditional EPC to become a technology and government services company. Today, KBR provides engineering, technology licensing (ammonia, syngas, refining), and government solutions (defense, space, intelligence). A major IP licensor for petrochemical processes.
Revenue trend (10Y): $5.1B (2015), steady growth through diversification into government services to $7.6B (2024). KBR’s strategic shift away from fixed-price EPC projects toward higher-margin technology licensing and consulting has driven consistent margin improvement.
John Thomson (VP & CIO):
“All of these accomplishments would not be made possible without the hard work of the global KBR IT team.” KBR
Stuart Bradie (CEO):
“We have broken down historical silos, created cross-team collaboration, and opened a larger pipeline of opportunities globally.” KBR
Acquired LinQuest ($737M) in September 2024 for data analytics and digital integration.
6. Worley Limited
Australian-headquartered professional services firm providing engineering, procurement, and project delivery across energy, chemicals, and resources. Worley transformed through the 2019 acquisition of Jacobs ECR division ($3.3B), doubling in size and becoming one of the world's largest energy engineering consultancies.
Revenue trend (10Y): AUD 4.6B (2015) as WorleyParsons, jumped to AUD 9.8B (2020) post-acquisition, now at AUD 10.8B (2025). The company is actively pivoting toward energy transition and sustainability projects, which now represent 40%+ of revenues.
Laura Leonard - Chief AI and Enterprise Services Officer (Nov 2025)
Anup Sharma (Group President, Worley Digital):
“Gen-AI, powered by NVIDIA, acts as a force multiplier, enabling Worley’s experts to work at unprecedented scale and pace.” Worley
Chris Ashton (CEO):
“This team is charged with leading our transformation into a digitally enabled company with AI-supported full project delivery capability.” Worley
Paul Hodson (SVP Digital Consulting):
“2024 is shaping up to be a foundational year for niche technology skills.” Worley
Launched Advanced Development Lab for AI-powered project delivery.
7. Petrofac Limited
A UK-registered EPC contractor focused on oil & gas facility design, construction, and operations in the Middle East, Africa, and CIS. Petrofac built its reputation on brownfield and greenfield EPCI projects, particularly in the MENA region, with a strong operational services business.
Revenue trend (10Y): $5.5B (2019) peak, then declined sharply to $2.5B (2023) due to SFO bribery investigation fallout, COVID impacts, and project deferrals. The company is in turnaround mode, focusing on its core EPC strengths with a $6.7B backlog.
Jonathan Carpenter (Head of Strategy):
“What if we had an offering that clients would queue up for? What if we could deliver at a significantly lower cost, deliver on schedule and operate with high uptime?” Accenture
Result: 500% improvement in site productivity through connected delivery solutions.
8. McDermott International
A Houston-based EPC contractor specializing in LNG, refining, petrochemicals, and offshore/subsea. McDermott merged with CB&I in 2018, forming one of the largest integrated onshore-offshore EPC firms, but the integration proved costly.
Revenue trend (10Y): Pre-merger McDermott had revenues of ~$3B. After the 2018 CB&I merger, combined revenue surged to $8B+ but massive project losses led to Chapter 11 bankruptcy in 2020. Post-restructuring, the company emerged leaner and has stabilized at ~$8B with a strong LNG project pipeline.
Vagesh Dave (Global VP & CIO) - Featured in Constellation Research’s Business Transformation 150 (2024-2025).
Rachel Clingman (EVP Sustainability):
“Safety and sustainability are core values embedded in our project execution, risk management, business strategy and customer priorities.” McDermott
Recognized as Industry 4.0 leader. 80% renewable energy in operations, 35% carbon intensity reduction.
9. Wood PLC
Formed from the 2017 merger of Wood Group and Amec support Wheeler, Wood PLC is a global consulting and engineering company serving energy, industrial, and built-environment markets. Strong in North Sea operations, digital consulting, and asset integrity services.
Revenue trend (10Y): Pre-merger Wood Group had ~$4.5B revenue. Post-merger (2018): $11.1B, then declined as the company divested non-core units and restructured, reaching $5.5B (2024). Recently rejected multiple takeover bids from Sidara/Apollo, choosing to remain independent.
Ron Beckman (CIO) | Jennifer Richmond (Chief Strategy Officer)
Azad Hessamodini (Executive President, Consulting):
“This is great, independent peer recognition of Wood’s market-leading digital solutions.” Wood
Results (Verdantix 2024):
- 25% maintenance cost reduction (AI predictive maintenance)
- 500 offshore visits eliminated (digital twin deployment)
10. Larsen & Toubro (L&T)
India's largest engineering and construction conglomerate, with operations spanning hydrocarbon, power, heavy civil infrastructure, defense, and IT. L&T's Hydrocarbon division is a major EPC player in refineries, petrochemicals, and offshore platforms across the Middle East, Africa, and South Asia.
Revenue trend (10Y): INR 1.1T / ~$16B (2015), consistent growth to INR 2.5T / ~$30B (2025). L&T is one of the few EPC firms globally that never experienced a revenue decline over the decade, driven by India’s massive infrastructure spending and strong Middle East order book.
Gopi Thangavel - Group CIO (appointed October 2024, from Reliance Industries)
S.N. Subrahmanyan (CEO & MD):
“Disruption has become the new order and as we embrace new technologies, our businesses are leapfrogging into entirely new realms powered by digitalization and analytics.” L&T Report
Digital capabilities powered by LTIMindtree (84,000+ professionals, 700+ clients).
11. Tecnicas Reunidas
Spanish EPC contractor specializing in oil refining, petrochemicals, natural gas processing, and power generation. Known for executing complex downstream projects in the Middle East, with deep expertise in refinery revamps and grassroot units.
Revenue trend (10Y): EUR 4.6B (2015), declined to EUR 2.7B (2020) during COVID and project deferrals, then recovered strongly to EUR 4.5B (2024). The company nearly faced a liquidity crisis in 2020 but was rescued by a Spanish government-backed credit line.
“Our digital transformation is beyond technology, it is more about people, about culture and how they can change the business.” TR
Secured EUR 18M (December 2024) for Digitalization Plan (EUR 30M total budget).
Technologies: AI, Robotization, Digital Twins, TR DRONES 360
12. MAIRE (Tecnimont)
Italian technology-driven EPC group (formerly Tecnimont), MAIRE operates through two pillars: Sustainable Technology Solutions (NEXTCHEM) for green chemistry and decarbonization, and Integrated E&C Solutions for traditional downstream projects (urea, fertilizers, petrochemicals, polymers).
Revenue trend (10Y): EUR 2.1B (2015), steady climb to EUR 3.5B (2022), then accelerating growth to EUR 5.9B (2024); the company’s highest-ever revenue. MAIRE is one of the fastest-growing EPC firms globally, driven by the energy transition and its proprietary green technologies.
Alessandro Bernini (CEO):
“This is not just a passing fad, but a structural transformation. NEXTCHEM is leading an unprecedented technological transformation, making decarbonization real.” MAIRE
24 sustainable technologies for decarbonization (targeting 35 by 2034).
13. Samsung Engineering
Part of Samsung Group, Samsung Engineering (now Samsung E&A) is a leading South Korean EPC contractor focused on hydrocarbon processing, petrochemicals, and industrial plant construction. Core markets include the Middle East, Southeast Asia, and the Americas.
Revenue trend (10Y): Revenue peaked at ~$10B (2012), then crashed to ~$4B (2016) after massive losses on Middle East projects. Recovered steadily: $6.2B (2022), $7.2B (2023), $8B (2024). The company posted its highest financial results since 2012 in recent years.
Daehyun Kim (EVP, Head of Global AI Center, Samsung Research):
“We have more solutions that protect your privacy without compromising game-changing technology.” Samsung
Integrates Samsung SDS AI: Brity Copilot, FabriX, Brity Automation.
14. JGC Holdings Corporation
One of Japan's premier EPC contractors, JGC specializes in LNG plants, oil refineries, petrochemical facilities, and gas processing. The company has a strong presence in the Middle East and Southeast Asia, and is a key participant in many of the world's largest LNG projects.
Revenue trend (10Y): JPY 712B / ~$6.5B (2015), declined to JPY 400B / ~$3.5B (2020) as LNG mega-projects completed, then recovered to JPY 650B / ~$5.7B (2024) with new LNG and energy transition orders.
Atsuo Honiden (Group Manager, Procurement DX):
“Boomi was the best fit, both in terms of technology and cost effectiveness.” Business Wire
IT Grand Plan 2030: 5 innovation programs, AI design, digital twins.
15. Chiyoda Corporation
Japanese EPC contractor specializing in LNG plants, gas processing, and petrochemicals. Chiyoda is one of the "Big 3" Japanese contractors (with JGC and Toyo) and was the lead contractor on multiple iconic LNG projects globally, including Ichthys LNG in Australia.
Revenue trend (10Y): JPY 530B / ~$4.8B (2015), then a financial crisis in 2019 triggered by massive cost overruns on the Ichthys LNG project, requiring a JPY 180B bailout from Mitsubishi Corporation. Revenue stabilized at JPY 390B / ~$3.4B (2024), with a cautious but recovering order book.
Masaji Santo (CEO)
Chiyoda Project DX:
- Digital EPC Platform (real-time info sharing)
- Digital Cockpit (customized interface)
- plantOS (O&M solution with IoT, cloud, AI)
- EFEXIS (AI process digital twin)
16. AtkinsRealis
Formerly SNC-Lavalin (rebranded in 2023), AtkinsRealis is a Canadian-headquartered engineering services and nuclear company. The firm provides consulting, engineering, and project management across infrastructure, energy, and defense. Strong nuclear capabilities (CANDU reactors) and a large UK presence through the Atkins acquisition.
Revenue trend (10Y): $7.3B (2015), peaked at $7.7B (2018), then declined to $5.1B (2020) after exiting fixed-price EPC contracts following large project losses. Stabilized at ~$5.9B (2024) as a higher-margin professional services firm.
Darren Martin - Chief Digital Officer (from McKinsey, Wood PLC, Jacobs)
Ian L. Edwards (CEO):
“We doubled down on high-growth global markets, embraced digital transformation and redefined our purpose.” AtkinsRealis
Won UK Digital Roads Strategy contract (GBP 50M, 4 years).
17. Subsea 7
A Luxembourg-based subsea engineering and construction company specializing in pipeline installation, subsea infrastructure, and offshore wind. Subsea 7 operates one of the most advanced deepwater construction fleets globally, with vessels capable of ultra-deepwater operations.
Revenue trend (10Y): $4.4B (2015), bottomed at $3.5B (2018) during the offshore downturn, then recovered steadily to $6.7B (2024) driven by the global offshore capex recovery and growing offshore wind business.
Strategy: “Enable innovative digital solutions for data-driven management across the full energy lifecycle.”
Partnership with SLB (Subsea Integration Alliance), stake in OneSubsea.
Merging with Saipem to form Saipem7 (H2 2026) - EUR 43B combined backlog.
18. Jacobs Solutions
One of the world's largest technical professional services firms, Jacobs provides engineering, consulting, and digital solutions across infrastructure, water, environment, and advanced facilities (semiconductors, life sciences). Jacobs sold its ECR (Energy, Chemicals, Resources) business to Worley in 2019 to focus on higher-margin consulting.
Revenue trend (10Y): $12.1B (2015), peaked at $14.1B (2019) pre-ECR sale, then revenue adjusted to ~$12B after the divestiture. Now at $16.4B (2025) through organic growth and acquisitions, with steadily expanding margins.
Bob Pragada (CEO) - “Challenge Accepted” strategy (Feb 2025)
Heather L. (SVP Technology & Innovation):
“There are so many different opportunities now with data, sensors, digital twins and more.” Jacobs
Partnering with NVIDIA and Palantir for AI-driven digital twins.
19. AECOM
A global infrastructure consulting firm providing planning, design, engineering, and program management services. AECOM focuses on transportation, water, environment, and facilities; serving government and commercial clients across 150+ countries. Exited the construction-at-risk business in 2020 to become a pure professional services firm.
Revenue trend (10Y): $18B (2015), peaked at $20.2B (2018), then deliberately reduced to $13.3B (2022) by exiting self-perform construction. Now at $16.1B (2025) as a higher-margin advisory/consulting model with steadily improving profitability.
Troy Rudd (CEO):
“We have created a sustainable competitive advantage through technical expertise, program management, advisory and digital.” AECOM
Gaurav Kapoor (CFO & COO):
“Our transformation into a higher-margin, lower-risk Professional Services firm is delivering superior value.”
Digital AECOM - digital consulting, AI integration, project tools.
20. Daewoo E&C
A major South Korean construction and engineering firm (part of the former Daewoo Group), Daewoo E&C operates across civil infrastructure, housing, and plant/industrial construction. Key markets include the Middle East, Southeast Asia, and domestic Korean projects.
Revenue trend (10Y): KRW 11.8T / ~$10B (2017 peak), declined to KRW 8.1T / ~$6.5B (2020), recovered to KRW 10.5T / ~$8B (2024). The company posted record operating profits in 2022 (KRW 760B) and is expanding its global EPC footprint.
Kim Bo-hyun (CEO, December 2024):
“We should come together to build a reliable company amid the challenges faced by the construction industry.” Korea Herald
Launched Smart Construction Alliance (March 2025).
AI tools:
- BaroDAP AI (contract analysis)
- Baro Letter AI (multilingual emails, 1,000+ uses/week)
Digital transformation has become the critical differentiator among leading EPC contractors, with dedicated C-suite roles (CAIO, CDO), AI partnerships with NVIDIA and Palantir, and digital twin deployments eliminating hundreds of offshore visits. Companies that invest in integrated digital platforms consistently outperform on project delivery metrics.
Key Digital Trends
| Trend | Leaders | Impact |
|---|---|---|
| AI/ML Integration | Saipem-AVEVA, Worley-NVIDIA | Project delivery, risk management |
| Digital Twins | Wood, Chiyoda, Jacobs | 500 offshore visits eliminated |
| Cloud Delivery | JGC, KBR | Real-time global collaboration |
| Predictive Analytics | Fluor, AECOM | 15%+ efficiency gains |
| Organizational Change | Worley (CAIO), AtkinsRealis (CDO) | Dedicated digital leadership |
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