- McDermott marks industry-leading QHSES standard in Middle East Area
- Company-wide initiatives 'Taking the Lead' and 'McDermott Operational Values' support achievement
- 45-million man-hours: the equivalent of building the Burj Khalifa - twice
Holding an above-average cash position after peeling profits off the table into the most recent rally.
Crude oil set a new 2016 high in October, as Diamond Offshore, Noble, Transocean and Tidewater continued to trade lower.
After Tuesday's closing bell, McDermott (MDR) posted earnings for the 2016 third quarter while analysts were projecting a loss.
McDermott is the one winner in the oil-services sector, the charts show.