McDermott International, Inc.

McDermott International, Inc.

McDermott International, Inc.

Overview
Date Founded

1959

Headquarters

757 North Eldridge Parkway,Houston, TX 77079

Type of Company

Public

Employees (Worldwide)

42.6K

Industries

Engineering, Construction & Architecture
Real Estate
Industrial Machinery & Manufacturing
Oil & Gas

Company Description

McDermott International, Inc. engages in the provision of technology, engineering, construction, and installation solutions to the energy industry. It operates through the following segments: North, Central, and South America (NCSA); Europe, Africa, Russia and Caspian (EARC); the Middle East and North Africa (MENA); Asia Pacific (APAC); and Technology. The NCSA segment designs, engineers, and constructs upstream offshore oil and gas facilities, downstream oil and gas facilities and pipelines, gas-fired power plants, LNG import and export terminals, atmospheric and refrigerated storage vessels and terminals, water storage and treatment facilities and pipe and module fabrication. The EARC segment focuses in the upstream offshore oil and gas facilities, downstream oil and gas facilities, LNG import and export terminals, and atmospheric and refrigerated storage vessels and terminals. The MENA segment comprises upstream offshore oil and gas facilities and pipelines, downstream oil and gas facilities, hydrocarbon processing facilities, atmospheric and refrigerated storage vessels and terminals, and performs pipe fabrication and manufacturing. The APAC segment involves in the upstream offshore oil and gas facilities and pipelines, refining and petrochemical facilities, hydrocarbon processing facilities, LNG import and export terminals and atmospheric and refrigerated storage vessels and terminals. The Technology segment consists technology licensor of proprietary gas processing, refining, petrochemical and coal gasification technologies as well as a supplier of proprietary catalysts, equipment and related engineering services. The company was founded in 1923 and is headquartered in Houston, TX.

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Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer & Executive Vice President

Senior Vice President, General Counsel & Corporate Secretary

Chief Commercial Officer & Senior Vice President

Senior Vice President & Chief Development Officer

Chief Transformation Officer

Chief Accounting Officer & Vice President

Chief Human Resources Officer & Senior Vice President

Board of Directors

Former President & Managing Director, Chevron Upstream Europe at Chevron Corp.

President, Chief Executive Officer & Director at McDermott International, Inc.

McDermott International, Inc.

Member-Industry Council at University of Wyoming

Director & Managing Director at Sears Holdings Corporation

Former President-North American Unitary Products Group at Trane, Inc.

Former Chief Executive, Gas, Power & Renewables at BP Plc

1st Vice PR. at Allentown Symphony Association, Inc.

Partner at Apollo Global Management, Inc. /Private Equity

Former Executive Director of Corporate Development at FMC Corporation

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McDermott International, Inc.
Owners & Shareholders
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Sound Point’s primary investment objectives are to (i) preserve capital in all market conditions and (ii) to generate attractive rates of return with low volatility by capitalizing on mispriced investment opportunities in corporate credit. Sound Point concentrates on liquid investment opportunities specifically focused on relative value, event-driven and stressed and distressed credit. Our approach is fundamental and research-intensive. We invest throughout the capital structure (including secured bank debt, corporate bonds, equity and equity-linked securities) and across a broad spectrum of companies and industries.

Details Hidden

Sound Point’s primary investment objectives are to (i) preserve capital in all market conditions and (ii) to generate attractive rates of return with low volatility by capitalizing on mispriced investment opportunities in corporate credit. Sound Point concentrates on liquid investment opportunities specifically focused on relative value, event-driven and stressed and distressed credit. Our approach is fundamental and research-intensive. We invest throughout the capital structure (including secured bank debt, corporate bonds, equity and equity-linked securities) and across a broad spectrum of companies and industries.

Recent Transactions
Details Hidden

Rhône Capital LLC purchases Lummus Technology LLC from McDermott International, Inc.

Details Hidden

McDermott International, Inc. purchases Siluria Technologies, Inc. from Alloy Ventures, Inc., Lighthouse Capital Partners, Inc., ARCH Venture Partners, Kleiner Perkins Caufield & Byers LLC, Presidio Ventures, Inc., Vulcan Ventures, Inc., Lux Capital Group LLC, Altitude Funds LLC, Bright Capital LLC, Saudi Aramco Energy Ventures LLC

Details Hidden

McDermott International, Inc. purchases Chicago Bridge & Iron Co. NV

Insider Transactions
Details Hidden
Details Hidden
Details Hidden
Transaction Advisors
Legal Advisor

Advised on purchases BWX Technologies, Inc. from McDermott International, Inc.

Investment Advisor

Advised on purchases BWX Technologies, Inc. from McDermott International, Inc.

Investment Advisor

Advised on purchases BWX Technologies, Inc. from McDermott International, Inc.

Legal Advisor

Advised onMcDermott International, Inc. purchases Chicago Bridge & Iron Co. NV

Legal Advisor

Advised onMcDermott International, Inc. purchases Chicago Bridge & Iron Co. NV

Legal Advisor

Advised onRhône Capital LLC purchases Lummus Technology LLC from McDermott International, Inc.

Advisors & Consultants
Legal Advisor

Partner at Cleary Gottlieb Steen & Hamilton LLP

Real Estate Agent

Senior Managing Director, Agency Leasing-Office at Transwestern Commercial Services LLC

Advisor

Professional at Executive Coaching Connections LLC

Clients

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The Gas Utilities and Infrastructure segment focuses on natural gas operations primarily through the regulated public utilities of Piedmont and Duke Energy Ohio. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded in 1904 and is headquartered in Charlotte, NC.

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

ConocoPhillips has a time-honored tradition of placing safety, health and environmental stewardship at the top of our operating priorities. This will not change as we move forward as an independent company. Our technical capability, asset quality and scale, and financial strength are unmatched among independent upstream companies and uniquely position us to compete anywhere in the world. While North America is our home and provides the majority of our production, we are active in almost 30 countries and in a wide range of geologic and geographic settings, including some of the world’s most challenging areas. From the frozen Arctic to the arid desert, we have a proven track record of responsibly and efficiently exploring for and producing oil and natural gas. Our production streams include light oil, heavy oil, oil sands, natural gas liquids, conventional natural gas, coalbed methane, shale gas and oil, and liquefied natural gas (LNG). By combining our legacy strengths with the focus and culture of an independent company, we believe we can unlock potential for all our stakeholders by helping to meet the world’s energy needs. Our highly skilled and dedicated workforce of over 16,000 employees embraces this opportunity. We look forward to sharing our exciting future with you and invite you to learn more about us

Key Stats and Financials As of 2019
Market Capitalization
$9.09M
Total Enterprise Value
$4.78B
Earnings Per Share
$-16.31
Revenue
$8.42B
Net Profit
$-2.91B
EBITDA
$22M
EBITDAMargin
0.26%
Total Debt
$5.56B
Total Equity
$-1.85B
Five Year Compounded Annual Growth Rate Of Revenue
29.64%
Enterprise Value Sales
0.57x
Enterprise Value EBITDAOperating
198.83x
TEVNet Income
-1.64x
Debt TEV
1.16x
Three Year Compounded Annual Growth Rate Of Revenue
47.3%
Non-Profit Donations & Grants
Suppliers
Blossomvale Holdings Ltd. Oil & Gas | Welshpool, Australia

Blossomvale Holdings Ltd. engages in the provision of services and engineered solutions to the oil and gas, marine, and renewable energy industries. It operates through the Offshore Services and Engineering Services segments. The Offshore Services segment provides a range of services, including commercial diving, inspection, repair and maintenance support, difficult and confined area access via rope access, tension netting and modular platforms, remotely operated vehicles, subsea pipeline, cable stabilization and protection, hydro graphic surveying, positioning and geophysical support, and project management. The Engineering Services segment offers subsea and pipeline engineering, fabrication, assembly and testing, refurbishment, installation, maintenance, the patented NEPSYS dry underwater welding technology, and project management. The company was founded on July 24, 2003 and is headquartered in Welshpool, Australia.

T.K. Corp. (Korea) Metal Manufacturing & Products | Busan, South Korea

T.K. Corp. (Korea) engages in the production and sale of fittings and pipe materials. Its products include wrought, stainless, carbon, alloy, and stainless steel and socket welding and threaded types forged steel fittings. The company was founded by Jong-Gyu Yoon on August 1, 1982 and is headquartered in Busan, South Korea.

Helix Energy Solutions Group, Inc. Oil & Gas | Houston, Texas

Helix Energy Solutions Group, Inc. is an international offshore energy company. It focuses on subsea construction, maintenance and salvage services to the offshore natural gas and oil industry. The firm also provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. The company operates through three segments: Well Intervention, Robotics and Production Facilities. The Well Intervention segment offers vessels and related equipment that are used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. The Robotics segment involves four chartered vessels and also includes ROVs, trenchers and ROVDrills designed to complement offshore construction and well intervention services. The Production Facilities segment includes its investment in the Helix Producer I and Kommandor LLC. Helix Energy Solutions Group was founded in 1979 and is headquartered in Houston, TX.

Competitors
Petrofac Ltd. Other Business & Consulting Services - London, United Kingdom

Petrofac is a leading provider of oilfield services to the international oil and gas industry. We support our customers to unlock the potential of their assets; on and offshore, new and old. We have a 32-year track record and have grown significantly to become a constituent of the FTSE 100 Index. We have 31 offices and around 18,200 staff worldwide, comprising more than 80 nationalities. Our business is all about people, and we are committed to attracting and retaining the best talent and providing the appropriate support frameworks to enable them to work successfully as part of our Group. Our values are clear and they highlight what Petrofac stands for. They are the single most important and universal aspect of our culture

Bechtel Group, Inc. Engineering, Construction & Architecture - San Francisco, CA

Bechtel Group, Inc. provides engineering and construction services. It offers technology, development, financing, ownership, procurement, safety, and environment services for roads, rail systems, airports, seaports, fossil and nuclear power plants, refineries and petrochemical facilities, mines and smelters, defense and aerospace facilities, environmental cleanup projects, telecommunications networks, pipelines and oil and gas field development services. The company is headquartered in Reston, VA.

Fluor Corporation Engineering, Construction & Architecture - Irving, TX

Fluor is a FORTUNE 500 company that delivers engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients in diverse industries around the world. For nearly a century, clients have selected Fluor as their company of choice to complete challenging projects in remote parts of the world. Founded as a construction company in 1912, Fluor quickly built a reputation for applying innovative methods and performing precise engineering and construction work within the emerging petroleum industry. Today, Fluor continues to develop and implement innovative solutions for complex project issues in diverse industries, including chemicals and petrochemicals, commercial and institutional (C&I), government services, life sciences, manufacturing, mining, oil and gas, power, renewable energy, telecommunications, and transportation infrastructure

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