Bechtel announces record year… again

Bechtel had revenues of US$ 31.4 billion last year, its sixth straight year of record sales. The company landed US$ 35 billion worth of new work over the course of 2008, its third straight year of record order intakes.

Last year Bechtel had revenues of US$ 27 billion, and was ranked 4^th in iC's league table of the world's 200 largest construction companies. This year's +16% rise is likely to see the company move further up the league table in the 2009 edition, which will be published in our July-August edition.

Bechtel said all its operating divisions enjoyed a strong year in 2008. It is provides construction services in the oil, gas & chemicals sector, power market, communications and metals and mining sectors, as well as working in traditional civil engineering and undertaking projects for the US government. The only difficulty was in the metals and mining segment, where falling commodity prices had an impact towards the end of the year.

The company was also keen to stress its safety record over the course of the year. It said 90% of its projects were completed without a lost-time accident and 55 schemes achieved more than 1 million consecutive safe work hours.