Aug 1, 2017   SOURCE: BusinessWire

Jacobs Signs Global Enterprise Framework Agreement With Shell

Jacobs Engineering Group Inc. (NYSE:JEC) has signed a global Enterprise Framework Agreement (EFA) renewal with Shell Oil Company to provide concept, front-end engineering, detailed design, procurement, project management, construction management and construction services for Shell projects globally. The agreement aligns with Shell’s ongoing efforts to transform the way its projects are delivered by improving capital and financial efficiencies.

“We look forward to continuing to work with Shell. This agreement fosters fresh and innovative project delivery solutions to help meet our joint goal of increased capital efficiency and economic results,” said Jacobs Petroleum & Chemicals President Gary Mandel.

Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com.

Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our Form 10-K for the year ended September 30, 2016, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.