Bechtel Annual Report shows resilience in 2020
31 March 2021
Perseverance achieves customer milestones and forges a path forward in changing markets
Bechtel today released its Annual Report highlighting last year’s efforts to deliver for customers, keep colleagues and communities safe, and strengthen the path forward to a cleaner, greener, safer, and fairer world despite the COVID-19 pandemic.
“I want to thank Bechtel colleagues for demonstrating great resilience, partnering with one another and our customers to overcome many obstacles. I also want to thank our customers for entrusting us with their highest-impact projects,” said Chairman and CEO Brendan Bechtel. “Despite the challenges of 2020, the toughest in our company’s history, we stood with our customers to drive progress, and achieved one of the best safety records ever. Aware of the need to reenergize the global economy as soon as possible, we are now resolved more than ever to tackle the big global challenges that will determine the future of humanity and our planet.”
“We are excited about the changes taking place in the market, and are looking forward to working with customers who share our ambitions to deliver projects contributing to a cleaner, greener, safer, and fairer world,” said President and COO Craig Albert. “Last year, we brought our cost structure down considerably, making us more competitive. At the same time, we invested more in winning new work and building the competencies necessary to deliver that work. We have the wherewithal to deliver on our commitments to our customers.”
Bechtel achieved $17.6 billion in total revenue and $7.2 billion in new project awards in 2020. The company also approached its Diversity and Inclusion strategy with a new sense of urgency to accelerate the creation of an equitable workplace culture where colleagues can achieve their full potential and feel valued, respected, welcomed, and treated fairly.
Bechtel continued building on its more than 120-year history of delivering for customers and working with partners to transform the world for the better. Among the highlights, the company helped:
Bechtel entered into a number of new partnerships in 2020, including projects with: