What does McDermott say it believes in regarding engineering excellence and global delivery?
McDermott says it believes in engineering-led delivery and long-term project value; that stance matters because revenue rose from 8.21 billion in 2024 to 9.58 billion TTM late 2025 and a 17.5 billion EPCI backlog at Q3 2025, signaling capacity and demand.
McDermott's scale-30,000+ staff in 30+ countries-supports its claim; see product insight: McDermott SWOT Analysis
Key Takeaways
- McDermott stands for large-scale energy infrastructure delivery, shown by $9.58 billion TTM revenue and $17.5 billion backlog (Q3 2025).
- It wants to lead the energy transition, evidenced by 200 carbon capture and 300 hydrogen projects completed.
- Its defining principle is operational safety and discipline, validated by a 0.07 TRIR in 2024.
- Its execution story is credible: 90% of projects stayed within ±5% of budget in 2024, signaling reliable delivery.
What Does McDermott Say It Believes In?
The Company's mission is 'To safely deliver engineering, procurement, construction and installation (EPCI) solutions that integrate fabrication and engineering to advance energy infrastructure while transitioning toward lower-carbon opportunities.'
In practice this means delivering turnkey EPCI for NOCs and IOCs through an integrated One McDermott model that mixes hydrocarbon projects with growing low-carbon work.
Main purpose: Deliver integrated EPCI solutions
Focuses on end-to-end delivery-engineering, procurement, fabrication, and installation-for large energy owners to reduce handoffs and schedule risk.
Who it focuses on: NOCs, IOCs, and energy transition clients
Primary clients are national and international oil companies; growing emphasis on renewables and carbon-reduction projects within the customer mix.
Value promised: Safe, timely, cost – efficient project delivery
Promises integrated delivery that lowers project complexity and improves schedule and cost certainty, plus measurable low – carbon project growth.
Strategic orientation: Operationally focused with transition growth
Operational excellence (EPCI) is core, while strategy shifts to balance hydrocarbons and energy transition assets for diversified revenue.
Specific vs generic: Moderately specific to engineering-led energy firms
Mission references EPCI and One McDermott, making it sector-specific but broad on sustainability goals without detailed KPIs.
Relation to business: Directly aligned with services and market role
Aligns with McDermott Company values and core EPCI business, tying fabrication capacity and engineering to client delivery and emerging low – carbon projects.
The mission reads as clear and relevant operationally, with meaningful intent to balance hydrocarbons and energy transition while emphasizing integrated EPCI delivery.
What the Company Says It Believes In: Focuses on turnkey EPCI delivery for NOCs and IOCs, utilizing a One McDermott model to integrate fabrication and engineering. Prioritizes a revenue mix that balances hydrocarbons with energy transition assets, evidenced by a low carbon segment that moved from a $59 million loss in Q3 2024 to a $50 million gain in Q3 2025 - see Who Owns McDermott Company for context on corporate structure, and note these figures reflect McDermott mission statement, McDermott company values, and McDermott sustainability initiatives in investor reporting.
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What Future Does McDermott Say It Wants?
The Company's vision is 'To be the world's leading provider of fully integrated engineering, procurement and construction solutions that enable the energy transition and decarbonization at scale'.
McDermott's vision commits to building infrastructure for a lower-carbon future, focusing on CCUS, hydrogen, and energy transition projects that enable clients' net-zero targets by 2030 and 2050.
Future outcome: enabling large-scale decarbonization
McDermott aims to deliver projects-CCUS, hydrogen, and offshore wind-that directly enable client net-zero goals and broader decarbonization across oil & gas and power sectors.
Scale: global, project-level leadership
The vision targets global program delivery and market leadership in energy transition EPC, leveraging a backlog that reached $17.5 billion in Q3 2025.
Main strategic direction: transition-focused growth
Strategy centers on winning energy transition bids (targeting roughly 25% of pipeline by 2025), scaling CCUS and hydrogen capabilities, and stabilizing revenue via large backlog contracts.
Ambition level: pragmatic and outcome-driven
The vision is ambitious but grounded-targets are time-bound (2030/2050) and tied to measurable project delivery rather than vague commitments.
Distinctive versus generic: industry-specific focus
The emphasis on integrated EPC delivery for CCUS and hydrogen gives the vision a specific operational edge versus generic sustainability statements.
Fit with current position: aligned with backlog and targets
The vision aligns with McDermott's Q3 2025 backlog strength and stated bids in the energy transition pipeline, supporting a credible path to deliver on corporate responsibility and sustainability initiatives.
Overall, the vision reads credible and actionable: aspirational on decarbonization, anchored by a $17.5 billion backlog and a targeted 25% energy-transition bid mix by 2025.
What Future It Says It Wants: Targets a 25% energy transition bidding pipeline by 2025; leverages a record backlog of $17.5 billion (Q3 2025) for stability; plans infrastructure to help clients meet net-zero goals via CCUS and hydrogen toward 2030 and 2050-see Who McDermott Company Serves.
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What Values Does McDermott Talk About Most?
McDermott company values emphasize safety, sustainability, technical excellence, and collaboration as central to its identity, with a strong focus on measurable safety targets and emissions reductions aligned to its McDermott mission statement and corporate responsibility goals.
Safety first, zero-harm target
In practice this means strict incident tracking, training, and engineering controls that produced a 2024 TRIR of 0.07 and LTIR of 0.01, highlighting how McDermott company values prioritize worker protection and operational continuity.
Environmental accountability
The McDermott sustainability initiatives set quantified GHG targets-cut Scope 1 and 2 emissions by 50% and Scope 3 by 35% by 2030-showing corporate responsibility tied to measurable reductions.
Waste and resource stewardship
Goals include zero office waste-to-landfill by 2025 and a 50% reduction in total waste generation by 2030, reflecting concrete sustainability targets embedded in the company culture.
Integrated collaboration and delivery
McDermott scales teamwork across more than 30,000 professionals in 30+ countries via an integrated delivery model, indicating core values of teamwork and technical excellence in global project execution.
These values read as operational and measurable-mostly industry-expected but supported by clear targets and metrics that connect McDermott history and legacy to current McDermott corporate responsibility and the McDermott mission statement; see where they appear in projects and reports next.
What values it talks about most: Safety tracked via zero-harm with 2024 TRIR 0.07 and LTIR 0.01; environmental targets to cut Scope 1/2 GHG by 50% and Scope 3 by 35% by 2030; zero office waste-to-landfill by 2025 and 50% total waste reduction by 2030; collaboration across 30,000+ professionals via integrated delivery. How McDermott Company Sells
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Where Do McDermott's Ideas Show Up in Real Life?
McDermott Company's mission, vision, and values appear in project delivery, safety practices, and sustainability tools-visible in heavy-lift offshore engineering, CCS pipelines, and digital carbon accounting that guide design and procurement choices.
Where McDermott's Mission, Vision, and Values Show Up in Real Life
The clearest signs are engineered project outcomes, measurable sustainability targets, and repeatable delivery metrics aligning with McDermott company values and the McDermott mission statement.
- Product or service alignment: HVDC, CCS, and offshore platforms executed to technical and ESG specs
- Strategy or leadership decisions: investment in digital tools like ArborXD and renewable sourcing targets
- Culture, people, or internal behavior: safety-first engineering and margin-focused project controls
- Customer experience or external actions: predictable delivery and public sustainability reporting
Products and Services: Heavy Engineering and Low-Carbon Solutions
McDermott's products-offshore platforms, pipelines, and HVDC systems-reflect a focus on engineering reliability and energy-transition services that support McDermott sustainability initiatives.
Strategy and Expansion Choices: Digital and Renewable Priorities
Strategic choices favor digital tools and partnerships for low-carbon projects; ArborXD and renewable procurement moves (80% grid sourcing in 2024) show investment in ESG-aligned growth.
Operations and Execution: Predictability and Heavy-Lift Capability
Operations emphasize execution controls-reported 90% margin predictability with major projects delivered within ±5% of budget in 2024 and H1 2025-and specialist heavy-lift workflows like the 1,962 – tonne stacking lift on BorWin6.
Culture and People: Safety, Integrity, Teamwork
Stated core values-safety, integrity, teamwork-translate into hiring, training, and site leadership practices that aim to reduce incidents and improve delivery consistency.
Customer Experience or Public Actions: Transparent Reporting and Commitments
Public commitments include sustainability disclosures and tools like ArborXD for carbon-footprint calculations, supporting customer decisions on low-carbon designs and procurement.
The Strongest Real-World Example
BorWin6 (980 MW HVDC) and Kasawari CCS (138 km pipeline, 15,000 – tonne platform jacket) show McDermott project scope, technical capability, and delivery aligned with McDermott corporate responsibility and sustainability goals.
Overall, mission and values show up in executed projects, carbon tools, and delivery metrics, signaling meaningful embedding and leading into how McDermott talks about them in public reporting and governance; see What McDermott Company Stands For.
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How Does McDermott Talk About These Ideas?
McDermott presents its mission, vision, and values prominently across investor materials, sustainability reporting, careers pages, and executive communications, framing safety, integrity, and teamwork as operational priorities for customers, employees, investors, partners, and the market.
Website and Official Messaging
McDermott communicates its mission and McDermott company values on www.mcdermott.com and the investors portal, using the site to publish ESG goals, sustainability updates, and the McDermott mission statement linked to project delivery and safety metrics.
Leadership and Investor Communication
CEO Michael McKelvy reinforces strategy on quarterly calls and earnings presentations; investor relations materials (including the November 10, 2025 Q3 release via PR Newswire) report a $17.5 billion backlog and publish EBITDA figures to show financial progress.
Employee and Culture Communication
Careers pages and internal messaging emphasize McDermott company culture, safety-first practices, diversity, equity and inclusion initiatives, and the code of conduct and ethics policy as core to hiring and retention.
Consistency Across Touchpoints
Messaging is consistent: annual Sustainability Reports (fifth edition in 2024), investor disclosures, and CEO commentary align on McDermott corporate responsibility, ESG targets, and operational priorities, though external perceptions vary by project region and stakeholder.
How the Company Talks About Them
- Publishes annual Sustainability Reports; fifth edition released in 2024.
- Discloses financial performance via quarterly reports, e.g., November 10, 2025 Q3 release on PR Newswire.
- Uses the www.mcdermott.com/investors portal to report a $17.5 billion backlog and EBITDA figures.
- CEO Michael McKelvy communicates strategy through quarterly conference calls and earnings presentations.
Related reading: Where McDermott Company Is Going
Related Blogs
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- Who Owns McDermott Company and Why Does It Matter?
- How Does McDermott Company Actually Work?
- How Does McDermott Company Sell Its Products and Services?
- Where Is McDermott Company Going Next?
- Who Does McDermott Company Serve?
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Frequently Asked Questions
McDermott says it believes in safely delivering integrated EPCI solutions that combine engineering, procurement, fabrication, and installation. The mission also emphasizes advancing energy infrastructure while transitioning toward lower-carbon opportunities, with a focus on turnkey delivery for NOCs and IOCs through its One McDermott model.
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