Skip to Content

Worley Ltd

WOR: XASX (AUS)
View Stock Summary
Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
A$71.40ZyfxNjjpjwt

Worley's Guidance for Earnings Growth Stands, Including New Work at Higher Margins

Business Strategy and Outlook

Worley is one of the largest global providers of engineering and professional services to the oil, gas, mining, power, and infrastructure industries, with about 59,000 employees and more than AUD 11.0 billion in annual revenue. Strong relationships with global resource and petrochemical firms, along with solid levels of long-term recurring work, provide some element of switching cost support, a competitive strength. While the traditional engineering, procurement and construction management space is competitive, we believe few firms have the skills and capacity to take on the work available in many of the key areas in which Worley operates. Most contracts are of a cost-plus nature, so the risk from project delays and cost overruns is minimized. The highly skilled, specialist nature of WorleyParsons' work means it can earn higher margins than traditional engineering and construction firms.

Free Trial of Morningstar Investor

Get our analysts’ objective, in-depth, and continuous investment coverage of WOR so you can make buy / sell decisions free of market noise.

Start Free Trial

Sponsor Center