USA: Bechtel Reports USD 27.9 Billion in 2010 Revenue

Bechtel Corporation announced its business results for 2010, highlighting a strong year in which the company’s diverse portfolio once again delivered solid results. Bechtel had revenue of $27.9 billion; new work booked of $21.3 billion, which was up 5 percent from the previous year; and ended the year with project revenue backlog of $78 billion, more than two times annual revenue.

“In 2010, we completed significant projects, took on challenging new ones, and expanded our reach into new markets, reinforcing our global industry leadership,” said Bechtel President and Chief Operating Officer Bill Dudley. “We also demonstrated the power of innovation in driving our business. We formed new alliances and strengthened existing ones to meet the needs of customers by providing the world class engineering and construction capabilities they require as the industry evolves.”

Bechtel’s commitment to safety, quality, and the communities where we work was evident throughout the year. Dozens of projects achieved at least 1 million job hours without losing time to an accident or injury, proving once again Bechtel is one of the safest engineering and construction companies in the world. In 2010, Bechtel continued to bolster quality, delivering customers projects built the right way the first time, inside and out, as we refined our Six Sigma program, a key driver in quality improvement.

At the same time, Bechtel demonstrated its firmly held value of planning and acting for the long-term good of our world through its sustainability programs. With more than 60 LEED-accredited professionals on staff, Bechtel continued to incorporate sustainability into diverse projects ranging from transportation systems to industrial facilities. In addition, training programs provided local workers around the world, from Angola to the Marshall Islands, with skills and knowledge that will better prepare them for additional employment opportunities, improving their quality of life.

“The tremendous accomplishments of 2010 are a reflection of the skill and dedication of our employees, further underscores the strength of our business model, and leaves us well-positioned for the future. Looking ahead, we will continue our expansion into global emerging markets, bring best-in-class skills to our customers, and deliver the high quality, high value performances for which we are known,” added Mr. Dudley.

Business Review

In 2010, Bechtel’s 52,700 employees helped nations and communities develop through dozens of projects in 44 countries. Each of our global business units contributed to our success in 2010.

Oil, Gas, & Chemicals

The Oil, Gas, & Chemicals global business unit capitalized on the growth of the liquefied natural gas (LNG) market while maintaining its position in the refining, pipeline, and gas processing sectors. Last year saw the start of two new LNG projects in Australia and progress on an LNG project in Angola that is now more than 60 percent complete. Pipeline and refining projects in North America, including expansions of the Keystone Pipeline system and the Motiva Port Arthur Refinery, advanced, and three major gas processing projects in the Middle East were completed.

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Source: Bechtel, April 26, 2011;