Jacobs Receives Contract from BP in Texas.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--May 26, 2004 Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple Inc. (NYSE NYSE See: New York Stock Exchange :JEC) announced today that they were selected by BP to provide front-end and design engineering, procurement, and construction management (EPCM EPCM Engineering, Procurement, Construction Management EPCM Essential Procedures for Clinical Microbiology EPCM Enhanced Planning Control Message EPCM Enterprise Portal Content Management EPCM European Project & Change Management (The Netherlands) ) services as the EPCM Optimization Program contractor for BP's refinery in Texas City, Texas. Officials did not disclose the contract value. This program, which aims to improve the efficiency and delivery of small capital projects, mirrors Jacobs' successful relationships at BP's facilities in Carson, California Carson is a city in Los Angeles County, California, United States. As of the 2000 census, Carson had a total population of 89,730. It is located 13 miles south of downtown Los Angeles, and is classified as a suburb of the city. , and Grangemouth, Scotland. Jacobs has also executed numerous small and medium-sized capital projects at BP's Texas City refinery. In announcing the start of the program, Jacobs Group Vice President Pete Evans said, "This is an important step in our ongoing relationship with BP. We are excited about our role in BP's South Houston South Houston, city (1990 pop. 14,207), Harris co., SE Tex., an industrial suburb of Houston; inc. 1911. Manufactures include transportation equipment, machinery, and asphalt. Enterprise and are confident that the BP/Jacobs team will achieve their 1000-Day Goals for capital productivity and project excellence." Jacobs, with over 35,000 employees and revenues approaching $5.0 billion, provides technical, professional, and construction services globally. Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Item 7 - Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations contained in the Company's 2003 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . |
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