James Breuer, CEO of Fluor Corp., earned an annual base salary of $1.25 million starting when he started working in the company’s top job in May 2025. He had earned a base annual salary of $735,000 a year in his previous job as chief operating officer.
Breuer had previously led major Fluor units in a long career with the contractor, taking over as CEO from David Constable, who remains as executive chairman.
Stocks and other forms of compensation make up a much larger portion of executive pay packages than salary, with much of it tied to incentives. Breuer’s total compensation package earned or awarded totaled $6.9 million for the year, according to the company’s proxy statement filed in March.
Constable’s total package, which was affected by his resignation as CEO, was $10.5 million.
For 2025, publicly traded Fluor (NYSE: FLR ) lost $51 million on revenue of roughly $15.5 billion, compared with net income of $2.1 billion on revenue of $16.3 billion a year earlier.
A court ruling in a dispute over a long-delayed liquefied natural gas project in Queensland, Australia, significantly hurt Fluor’s financial performance in 2025, forcing it to recognize a $643 million revenue reversal. That’s how much the Irving, Texas-based contractor paid Australia-based energy company Santos, operator of the 7.8 million metric ton capacity Gladstone LNG project. Fluor says it is appealing the court decision and is working with insurance companies.
Despite the loss, Fluor returned value to its investors through share buybacks, Breuer and Constable noted in the company’s annual report.
CEO compensation of nine of the largest publicly traded design and procurement firms from 2021 to 2024 ranged from $2.6 million to $26 million. These companies included AECOM, Fluor, Jacobs, Quanta, EMCOR, MasTec, Granite, KBR and Tutor Perini.
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