|Type||Privately held company|
|Founder(s)||Warren A. Bechtel|
|Headquarters||Blue Shield of California Building
San Francisco, California, U.S.
|Key people||Bill Dudley (CEO)|
|Revenue||US$37.9 billion (2012)|
|Owner(s)||Bechtel family and various internally elected employees|
Bechtel Corporation (Bechtel Group) is the largest construction and engineering company in the United States, ranking as the 5th-largest privately owned company in the United States. Its headquarters are in the Financial District of San Francisco. As of 2012, Bechtel had $37.9 billion in revenue and employed 53,000 workers on projects in nearly 50 countries.
Bechtel has always functioned as a family-owned company. Its founder, Warren A. Bechtel, started as an employee of the burgeoning United States railroad industry in 1898 after his Oklahoma cattle ranch failed. Over the next 20 years, he built up a sizable contracting business that specialized in railroad and highway building. After building the Hoover Dam in the 1930s, the company was a major contractor during World War II building Liberty ships under the leadership of Stephen Bechtel, the founder's son. After the War the Company continued to expand in the energy sector completing projects such as the Trans-Alaska Pipeline System in the 1970s when George Shultz was CEO.
Bechtel is a privately-owned engineering, construction, and project management company headquartered in San Francisco, CA. Bechtel has projects in approximately 50 countries and 53,000 employees as of 2013. The company operates five business units. They are: civil infrastructure; power; oil, gas, and chemicals; mining and metals; and government services. Civil projects include infrastructure, rail, ports, and aviation. Bechtel's power unit includes projects in fossil, renewable, and nuclear energy, as well as communications and transmission. The oil, gas, and chemicals unit works on projects including oil refineries, pipelines, and liquefied natural gas facilities. Mining and metals projects include aluminum, copper, and coal. The government services unit handles government contracts in environmental cleanup and security and defense, including projects with the U.S. and British governments.
Bill Dudley is president and CEO and Riley P. Bechtel is chairman of the board. Prior to February 2014, Bechtel was CEO and is the fourth generation of the Bechtel family to head the company. Mike Adams has been CFO since 2012.
Financials and rankings
As a private company, Bechtel does not report profits, but does disclose revenue. Bechtel's revenues in 2012 were US$37.9 billion, a 15% increase from its 2011 revenues of $32.9 billion. Revenues in 2010 were $27.9 billion. New contracts equaled $23.9 billion for the company in 2012.
Bechtel ranked fourth on Forbes 2013 list of America's Largest Private Companies by revenue. It has been named the top U.S. Contractor by revenue by Engineering News-Record for fifteen years in a row and ranked third on the publication's Top 250 International Contractors list by revenue in 2013.
Bechtel's work has been the subject of controversy, including a number of cases of contractor misconduct in the United States in the past decade. These cases have included significant issues at a site in Hanford, Washington where Bechtel was decommissioning a former nuclear weapons site without conducting adequate safety reviews of some of the equipment used, and where the Department of Energy's inspector general alleged that "Bechtel determined that there was a systemic problem and a breakdown in controls over the review of design changes," but that the company had taken steps to correct the problems. Bechtel's failure to conduct safety reviews of the equipment they used led to at least some underground tanks leaking radioactive waste in to nearby groundwater. Senator Ron Wyden has alleged that Bechtel fired a whistleblower at the Hanford site, and expressed concern that this would discourage further whistleblowers from coming forward.
Major projects have included:
- Hoover Dam completed in 1936
- Trans-Alaska Pipeline System completed in 1977
- Bekme hydroelectric dam in Turkey completed in 1991
- Petrochemical plants in Iraq completed in 1991
- Dabhol Power Project Phase 1 completed in 1992
- Kuwait reconstruction after the Gulf War completed in 1993
- Channel Tunnel completed in 1994
- Hong Kong International Airport completed in 1998
- Tengiz Field expansion in Kazakhstan completed in 1999
- Chemical weapons disposal facility in Anniston, Alabama completed in 2001
- Three natural gas power plants in Turkey completed in 2002
- Fissile Materials Storage Facility at Mayak, Ozersk, Russian Federation completed in 2002
- Araucária Power project, Brazil completed in 2003
- Jorge Chávez International Airport expansion in Lima, Peru completed in 2005
- Big Dig completed in 2007
- Rebuilding of sections of Croatian highway between Zagreb and Split completed in 2008
- The Y-12 nuclear weapons plant and enriched uranium storage facility in Oak Ridge, Tennessee completed in 2009
- Rrëshen-Kalimash Highway in Albania completed in 2010
- New Doha International Airport due to be completed in 2011[dated info]
- New Muscat International Airport Terminal due to be completed in 2014
- Transylvania Motorway due to be completed in 2016
- Dulles Metrorail Extension due to be completed in 2016
- "Annual Report". Bechtel. 2012. Retrieved 17 September 2013.
- ENR Top 400
- Forbes 2011 - America's Largest Private Companies
- David Streitfield; Mark Fineman. "Bechtel Corporation Receives Iraqi Reconstruction Contract". The Los Angeles Times. posted in The Tech. vol. 123, Issue 20. Friday, April 18, 2003. Retrieved 29 August 2010.
- "Annual Report". Bechtel. 2012. Retrieved 9 October 2012.
- "A Brief History of Bechtel (1898-1980)". Dispatches from Coconut Grove. Retrieved 19 January 2014.
- Dipietro, Ben (January 15 2014). "Bechtel's Higgins Stresses Ethics". The Wall Street Journal. Retrieved January 27 2014.
- Dickinson, Virgil (October 1 2013). "Newsmaker: Charlene Wheeless, Bechtel". PRWeek. Retrieved January 27 2014.
- Reddall, Braden; Adler, Leslie (May 17 2013). "Bechtel revenue grows 15 pct in 2012, backlog shrinks". Reuters. Retrieved January 27 2014.
- "The bigger picture: Peter Dawson interview". New Civil Engineer. December 13 2012. Retrieved January 27 2014.
- "People". Engineering News-Record. June 25 2008. Retrieved January 27 2014.
- "Feature: Jack Futcher". World Generation Magazine. January/February 2010. Retrieved January 27 2014.
- "Bechtel Corp., Industry Partnership Award". Mining Engineering (magazine). November 1 2008. Retrieved January 27 2014.
- Sambidge, Andy (September 13 2013). "Bechtel sets up mining, metals HQ for GCC growth". Arabian Business. Retrieved January 27 2014.
- Williamson, Elizabeth (July 18 2004). "Frederick Jobs Grow At Brisk Tempo; County Is 10th in U.S., Labor Dept. Reports". The Washington Post. Retrieved January 27 2014.
- Brown, Steven E.F. (February 4 2014). "Bechtel Corp. names first non-family CEO". San Francisco Business Times. Retrieved February 10 2014.
- Reddall, Braden (April 25 2011). "Bechtel revenue down 9 percent in 2010". Reuters. Retrieved January 27 2014.
- Murphy, Andrea; DeCarlo, Scott (December 18 2013). "America's Largest Private Companies 2013". Forbes. Retrieved January 27 2014.
- "The Top 400 Contractors". Engineering News-Record. 2013. Retrieved January 27 2014.
- "Bechtel Named One of World's Top Contractors". Journal of Engineering. September 11 2013. Retrieved January 27 2014.
- Mufston, Steven (3 October 2013). "Feds: Bechtel not doing safety checks at Hanford". The Washington Post. Retrieved 24 January 2014.
- LaFlure, Rebecca (18 November 2013). "Hanford nuclear site clean-up: The mess gets worse". The Center for Public Integrity/NBC News. Retrieved 24 January 2014.
- Geranios, Nicholas (9 October 2013). "Hanford whistleblower loses job". The Associated Press. Retrieved 24 January 2014.
- Historic Construction Projects
- Mead, p. 207
- Bechtel has ties to Washington, and in Iraq New York Times, 2003
- Bechtel in Iraq
- Bechtel and GE file arbitration over Dabhol Power Company Bechtel, 22 September 2003
- Bechtel: Kuwait Reconstruction
- Bechtel: Channel Tunnel
- Bechtel: Hong Kong International Airport
- Tengiz field expansion project awarded to Bechtel-Enka Joint Venture Alexander’s Gas & Oil Connections, 29 July 1997
- Bechtel National team awarded $306m contract to design , build and operate chemical agent disposal facility in Maryland Bechtel, 6 October 1998
- Intergen and Enka complete $1.5bn financing of major power plants in Turkey Businesswire, 28 September 2000
- US official says Mayak Warhead storage facility to open in November Bellona, 19 June 2002
- Ex-Im Bank to loan Bechtel $178m for Araucaria BN Americas, 8 October 2001
- Joge Chávez International Airport
- Bechtel and Parsons Brinkerhoff reach settlement in Big Dig Bechtel, 23 January 2008
- Ex-Im Bank finances $250m in US exports to build Croatian highway Ex-Im Bank, 22 October 1998
- Bechtel: Transformation of Oak Ridge
- Albania Kosovo Highway Road Traffic Technology
- Bechtel: New Doha International Airport
- Oman Airports Management Committee
- Bechtel drives a highway through the heart of Transylvania Der Spiegel, 1 August 2008
- Dulles Transit Partners
- Mead, Robert Douglas. Journeys Down the Line: Building the Trans-Alaska Pipeline, Doubleday, 1978.