Mcdermott International Ltd.
MCDIF
Other OTC24.50
USD
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Mcdermott International Ltd.
MCDIF
(Other OTC)
Recent
price
24.50
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
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- McDermott International Ltd (MCDIF) provides fully integrated engineering, procurement, construction, installation, and commissioning solutions to the energy industry worldwide. The company offers engineering, fabrication, modular construction, supply chain management, field construction, and consulting services; delivers fixed and floating production facilities, pipelines, subsea systems, jackets, and topsides from concept to decommissioning; and provides sustainable energy transition solutions including carbon capture, hydrogen facilities, liquefaction, storage, and offshore wind infrastructure. Operating in over 30 countries with more than 30,000 employees, specialized marine vessels, and global fabrication facilities, McDermott serves upstream, midstream, and downstream segments for oil and gas majors, as well as renewable energy developers, from its headquarters in Houston, Texas, where it was incorporated in 2020 with roots tracing to 1923. Recent developments include the completion of the CB&I storage solutions business divestment to a consortium led by Mason Capital Management in December 2024 for $475 million in pre-tax proceeds, enabling debt reduction and strategic refocus; a three-year extension of its long-term framework agreement with Saudi Aramco in April 2025 and selection by Shell for an enterprise framework agreement in March 2025; and a 125-to-1 share consolidation announced in January 2025. In 2025, McDermott secured contract amendments for Golden Pass LNG Trains 2 and 3, awarded deepwater subsea contracts from PTTEP in Malaysia and BRAVA Energia in Brazil, partnered with Monkey Island LNG to boost output efficiency, and collaborated with PETROUND and Universiti Malaysia Sabah on talent development initiatives. The company also published its 2024 Sustainability Report in May 2025, highlighting its Circularity Calculator aligned with ISO 59020 standards, and appointed new board members including Ahmed Ali Attiga in December 2025, Michael Martino, and Farhad Nanji in July 2025.
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