Fluor Corporation Declares Quarterly Dividend

July 29, 2004

Fluor Corporation's board of directors declared a quarterly cash dividend of 16 cents ($0.16) per share on the company's common stock, payable October 1, 2004, to shareholders of record on September 28, 2004.

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Aliso Viejo, Calif., Fluor is a FORTUNE 500 company with revenues of nearly $9 billion in 2003. For more information, visit www.fluor.com.

For further information please contact: Jerry Holloway, Media Relations, +1-949-349-7411, or Leann Vandergrift, Media Relations, +1-949-349-3652, or Lila Churney, Investor Relations, +1-949-349-3909, fax +1-949-349-5375, all of Fluor Corporation

Jerry Holloway, Media Relations, +1-949-349-7411, or LeannVandergrift, Media Relations, +1-949-349-3652, or Lila Churney, InvestorRelations, +1-949-349-3909, fax +1-949-349-5375, all of Fluor Corporationhttp://www.fluor.com