McDermott International Ltd - Company Profile
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McDermott International Ltd (McDermott) is a provider of engineering and construction solutions. The company’s key services include design, procurement, fabrication, construction, development, installation and decommissioning. McDermott also carries out the construction of offshore and onshore oil and gas production systems, liquefied natural gas facilities, refining and petrochemical facilities, and industrial storage facilities. The company designs and builds storage facilities, tanks, and terminals storage systems. McDermott cater its services to the energy sector, including upstream oil and gas, liquefied natural gas (LNG) and refining and petrochemical industries. The company operates in Europe, North America, South America, Africa, the Middle East and Asia Pacific. McDermott is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
915 North Eldridge Parkway, Houston, Texas, 77079
Website
www.mcdermott.com
No of Employees
30,107
Industry
Construction
Ticker Symbol & Exchange
MCDIF (OTC)
Revenue (2024)
$10.0B
21.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-46.1%
(2024 vs 2023)
Market Cap*
$129.3M
Net Profit Margin (2024)
XYZ
-20.7%
(2024 vs 2023)
* As of and is in US$
McDermott International Ltd premium industry data and analytics
Products and Services
| Services |
|---|
| Design Services |
| Engineering Services |
| Construction Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In June, PT McDermott Indonesia secured the contract to build the Tennet 2GW HVDC Project in Batam, Riau Islands Province, Indonesia. |
| 2024 | Divestiture | In December, the company sold its CB&I storage business (CB&I) to a consortium of financial investors led by Mason Capital Management. |
| 2024 | Contracts/Agreements | In November, the company secured an engineering, procurement, removal and disposal contract from Santos related to the decommissioning of the Harriet Alpha platform and its associated infrastructure, situated offshore in Western Australia. |
Competitor Comparison
| Key Parameters | McDermott International Ltd | Bechtel Corp | Fluor Corp | KBR Inc | Subsea 7 SA |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United Kingdom |
| City | Houston | Reston | Irving | Houston | Sutton |
| State/Province | Texas | Virginia | Texas | Texas | England |
| No. of Employees | 30,107 | 43,000 | 22,995 | 36,000 | 15,072 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael McKelvy | Chief Executive Officer; Chairman | Executive Board | 2025 | - |
| Travis Brantley | Chief Financial Officer; Executive Vice President | Senior Management | - | - |
| Maurizio Coratella | Chief Operating Officer; Executive Vice President | Senior Management | - | - |
| Rachel G. Clingman | Executive Vice President; Chief Legal Officer | Senior Management | 2021 | - |
| Vaseem Khan | Chief Commercial Officer; Senior Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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