Bechtel Announces Record 2006 Business Results

02 April 2007

Bechtel Announces Record 2006 Business Results


Strong execution combined with a diverse, international business portfolio helped Bechtel achieve the best overall financial performance in its 109-year history.

Bechtel’s Oil, Gas & Chemicals business unit and Bechtel National, the government services unit, set the pace for revenue. Bechtel’s other business units including global infrastructure, power, and communications continued to provide solid contributions to the overall record performance. About half the company’s revenue came from outside North America, reflecting Bechtel’s global reach.

Project highlights included the start of work in India on expansion of what will be the world’s largest refinery; collaboration with the University of California on management and operation of Los Alamos National Laboratory, the nation’s premier institution for defense research; the successful completion of our contract for the reconstruction of infrastructure in Iraq; continued work on high-profile civil projects ranging from the London Underground to the Tacoma Narrows Bridge in Washington state; the completion of two major power plants ahead of schedule; progress on construction of aluminum smelters in Oman and Iceland; and ongoing work to upgrade Cingular’s wireless network across the United States.

Bechtel once again demonstrated its commitment to safety in 2006. Ninety percent of projects finished the year without a lost-time accident, and 56 projects achieved at least one million consecutive safe work hours.

“Commitment to customers remained paramount in 2006,” said Chairman and CEO Riley Bechtel. “We performed quality work on time and within budget on a broad range of projects, and we helped customers meet their goals for sustainability—an increasingly important component of new construction work.”

Additional information is available in the Bechtel Report 2007

About Bechtel

Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers’ objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.  

Bechtel serves the Infrastructure; Nuclear, Security & Environmental; Oil, Gas & Chemicals; and Mining & Metals markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com

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