Business
Worley (ASX:WOR) share price slides despite new contract
The Worley Ltd (ASX: WOR) share price is in negative territory during mid-morning trade today despite news of a contract award.
At the time of writing, the global engineering company’s shares are fetching $10.75 apiece, a decline of 1.1%.
What did Worley announce?
Investors appear unfazed by the company’s latest contract win, sending Worley shares into the red.
In this morning’s release, Worley advised it has been awarded a services agreement by CITGO Refining and Chemicals Company L.P.
Under the contract, Worley will provide maintenance, turnaround and sustaining capital services to CITGO’s refineries in the United States.
Situated in Lake Charles, Louisiana and Corpus Christi, Texas, both facilities will see roughly 600…
-
Noosa News21 hours agoNew South Wales Blues left to pick up the pieces after fumbling a chance at State of Origin glory
-
Noosa News16 hours agoHelp to make recycling stick
-
Noosa News14 hours agoFormer Darling Downs Zoo employee sheds new light on horrific lion attack on teacher Joanne Cabban
-
Business16 hours agoAlphabet’s stock looks like a brilliant buy right now