Worley diversifying for defensiveness
Due to several acquisitions in recent years, Worley Ltd have built its capabilities in energy, chemicals and resources sectors, and reduced its exposure to oil and gas markets.
The professional project and asset services provider have also effected a significant shift in revenue mix, from one off capital works, to longer term operating expenditure programs.
A significant portion of its revenue is now generated from the chemicals sector, which the company states is less cyclical than others.
In a constantly changing environment, Worley continues to adapt its business and expenditures to evolving market conditions.