Team Inc. (NASDAQ: (TISI) stock gained by 3.85% at last close while the TISI stock price surges by 16.98% in the after-hours trading session after the company has been assigned with a multi-year contract from Chevron Corp. Team Inc. is an international leader in asset performance assurance and optimization solutions that are integrated and digitally enabled. They provide a wide range of inspection, condition assessment, management, and repair services for their client’s most important assets, resulting in improved protection, integrity, dependability, and operating efficiency.
The company combines the delivery of technical innovation with over a century of progressive, yet proven integrity and dependability management experience to power a brighter tomorrow through sites in more than 20 countries.
TISI stock’ Current Update
Chevron Corporation has granted Team, Inc. a multi-year contract to offer inspection, monitoring, and analytics as components of their industry-leading mechanical integrity program. TEAM’s digital solutions division will incorporate Chevron’s upstream assets into the OneInsight platform as part of the contract, delivering complete integrity and reliability services, including preventive on-site repair and maintenance.
Amerino Gatti, TEAM’s Chairman, and Chief Executive Officer commented,
They’re excited about the prospect of building on their current partnership with Chevron by incorporating their upstream assets into their mechanical integrity solutions program. This contract was awarded as a consequence of a long-term relationship and track record of achievement. Chevron will benefit from their new Asset Integrity & Digital Group, which will deliver technology-enabled facilities and engineering assessment services.
TEAM’s service solutions continue to be in high demand from their upstream clients, as more emphasis is placed on emissions compliance, wellhead integrity, and preventing emissions leaks. TEAM is a pioneer in asset integrity and performance assurance because of its distinctive ability to deliver an integrated solution of integrity, dependability, and mechanical repair, as well as utilizing its local presence.
