2024 Annual Report

CEO Message

"It’s a privilege to take on the role of CEO and continue the remarkable legacy that has defined Caterpillar throughout our 100-year history. Since 1925, our commitment to customer success has pushed us to pioneer new technologies that solve their toughest challenges."

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Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

For 100 years, we have been helping our customers build a better, more sustainable world. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed.

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The Next Century of Progress Starts Now

Could Benjamin Holt and C.L. Best have imagined Caterpillar machines operated by remote control, blades guided by satellites or hydrogen-powered engines? One thing is certain: As our customers’ needs evolve, we’ll continue to evolve with them — seeking innovative new ways to do the work faster, better and more efficiently. That’s the Caterpillar way, and it’s how we help our customers build a better, more sustainable world.

Explore Our History

Executing Our Strategy

Our company strategy reflects our legacy and commitment to meet the needs of our customers and the communities in which we live and work. United by Our Values in Action, Caterpillar employees worldwide share a focused view of our business through the Operating & Execution Model, through which we are making strategic choices today to create profitable growth for tomorrow. Together with our partners, we provide solutions that help our customers build a better, more sustainable world.

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Winning the Right Way

Our Worldwide Code of Conduct, first published in 1974, defines what we stand for and believe in, documenting the uncompromisingly high ethical standards our company has upheld since its founding in 1925. The Code helps Caterpillar employees put our values and principles into action every day by providing detailed guidance on the behaviors and actions that support our values of Integrity, Excellence, Teamwork, Commitment and Sustainability.

See Our Values

50 years of the caterpillar code of conduct

Governance

Caterpillar’s governance structure provides leadership, accountability and transparency to the management of the company and its businesses. Our corporate governance framework serves the interests of shareholders with the highest standards of responsibility, integrity and commitment to enhance shareholder value over the long term.

Meet Our Leadership