Fluor CEO James Breuer Earned 2025 Pay Package of $6.9 Million
Company loss for year was tied to court verdict on long-ago project
James Breuer, CEO of Fluor Corp., earned a base annual salary of $1.25 million starting when he began working in the company's top job in May 2025. He had been earning a base annual salary of $735,000 a year in his prior 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 continues as executive chairman.
Stock and other forms of compensation make up a much larger part of executive pay packages than salary, with much of it tied to incentives. Breuer's total earned or granted compensation package amounted to $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 stepping down as CEO, totaled $10.5 million.
For 2025, publicly traded Fluor (NYSE: FLR) lost $51 million on roughly $15.5 billion in revenue, compared to net income of $2.1 million on $16.3 billion in revenue the year prior.
A court decision in a dispute over a long-completed liquefied natural gas project in Queensland, Australia significantly hurt Fluor's financial performance in 2025, forcing it to recognize a reversal of revenue of $643 million. That is the amount the Irving, Texas-based contractor paid to 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 working with insurance carriers.
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Despite the loss, Fluor returned value to its investors via share repurchases, both Breuer and Constable noted in the company's annual report.
CEO compensation for nine of the largest publicly traded design and contracting companies from 2021 to 2024 ranged from $2.6 million to $26 million. Those companies included AECOM, Fluor, Jacobs, Quanta, EMCOR, MasTec, Granite, KBR and Tutor Perini.
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