WOR 0.86% $13.86 worley limited

Oil hits 12 month low despite OPEC, page-7

  1. DSD
    15,757 Posts.
    DAR are civil engineers in M.East and build skyscrapers, roads etc. WOR are consulting engineers with some maintenance of about 10% of revenue. 70% of WOR's wk in hydrocarbon sector but good chunk of their fertliser/chemical wk is from M.East So overall about 75% of WOR's wk linked to oil&gas price. But almost all DAR's wk is dependent on energy price as their M.East customers have very little other source of revenue. So what appears to be diversification by DAR i.e. from civil into hydrocarbon/chemical/commodities is still largely dependant of same thing... energy price.
 
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