TechnipFMC is an oilfield technology and services company focused on offshore subsea oil and gas production. The company designs, manufactures, and installs the equipment that sits on the seafloor to control the flow of oil and gas from the reservoir to a surface facility — including subsea trees, manifolds, umbilicals, risers, and flowlines. TechnipFMC's core differentiator is its iEPCI (integrated Engineering, Procurement, Construction and Installation) model, which bundles equipment design, manufacturing, installation, and life-of-field services into a single contract — a capability it argues no competitor can replicate. The company operates through two segments: Subsea (~87% of revenue) and Surface Technologies (~13%). Within Subsea, TechnipFMC offers iEPCI project delivery, its Subsea 2.0 configure-to-order standardized equipment platform, and a ~$2B recurring Subsea Services business tied to inspection, maintenance, and repair of its large installed base. Surface Technologies provides wellheads, trees, and stimulation equipment, with international markets (particularly the Middle East) driving most of the segment's growth. The business model generates revenue from large, multi-year project execution contracts and a growing recurring services stream. Subsea 2.0 standardization improves manufacturing efficiency without additional capital investment, keeping CapEx at ~3% of revenue. Over 80% of Subsea orders are direct-awarded rather than competitively tendered, reflecting TechnipFMC's early-stage customer engagement through front-end engineering studies. The company is also pursuing new energy adjacencies including carbon transport and storage, offshore wind, and hydrogen.