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TechnipFMC
TechnipFMC established its defined-benefit plan in 2001. The plan sits inside the energy services company and covers retirement, disability, and death benefits...
TechnipFMC
TechnipFMC established its defined-benefit plan in 2001. The plan sits inside the energy services company and covers retirement, disability, and death benefits for eligible US employees. The plan holds a 31% stake in Technip Energies N.V. valued at approximately $277.5 million as of the latest disclosed position. It maintains direct ownership of the Dahej Modular Manufacturing Yard in India and a fleet of 21 subsea vessels. Additional holdings include full ownership of TIOS AS in Norway and Magma Global in the United Kingdom. The geographic footprint centers on North America and Europe with operations extending to India and Australia. The plan reports $281 million in assets. It maintains a corporate giving program that has donated more than $1 million annually to United Way of Greater Houston for over ten years. CEO Douglas J. Pferdehirt serves on the boards of the American Petroleum Institute and the National Petroleum Council. The plan functions as an internal corporate vehicle rather than an independent allocator. Its investment posture remains tied to the parent company's balance sheet and energy transition activities through TechnipFMC Ventures.
General information
Firm type
Pension Fund
Year founded
2001
Location
Region
North America
Country
United States
City
Houston
Corporate office
11740 Katy Freeway, Houston, TX 77079, United States
Principals
Douglas J. Pferdehirt
Chair and Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at the TechnipFMC defined-benefit plan?
Investment decisions sit with corporate treasury and finance leadership under CEO Douglas J. Pferdehirt. No separate CIO is disclosed for the plan.
What asset classes does the plan hold?
The plan holds public equity in Technip Energies, direct real assets including manufacturing yards and vessels, and venture positions through TechnipFMC Ventures.
Does the plan make external fund commitments?
Known activity centers on direct holdings and corporate venture investments rather than third-party fund commitments.
Where does the underlying capital originate?
The plan is funded by TechnipFMC PLC as the sponsoring employer for its US workforce.
What is the plan's approach to ESG or sustainability?
The plan follows the parent company's 2024-2026 sustainability scorecard that targets a 50% reduction in Scope 1 and 2 emissions by 2030.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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