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TechnipFMC: Lowest Oilfield Services Free Cash Company in Q1 2018

Alex Chamberlin
TechnipFMC: Lowest Oilfield Services Free Cash Company in Q1 2018

TechnipFMC’s (FTI) cash flow from operating activities (or CFO) was negative in the first quarter and declined sharply year-over-year. It generated -$201 million of CFO in the first quarter. Year-over-year, its revenues declined following its subsea project completions in Africa and project completions in its Onshore-Offshore segment.