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National Oilwell Varco Inc (NOV.N)

NOV.N on New York Stock Exchange

36.74USD
30 Sep 2016
Change (% chg)

$-0.12 (-0.33%)
Prev Close
$36.86
Open
$37.27
Day's High
$37.37
Day's Low
$36.70
Volume
1,555,360
Avg. Vol
1,218,739
52-wk High
$42.62
52-wk Low
$25.74

Latest Key Developments (Source: Significant Developments)

National Oilwell reports Q2 loss per share $0.30 excluding items
Thursday, 28 Jul 2016 06:45am EDT 

National Oilwell Varco Inc : Backlog for capital equipment orders for rig systems at june 30, 2016 was $2.94 billion . New orders during quarter were $66 million for rig systems . Backlog for capital equipment orders for completion and production solutions at june 30, 2016 was $947 million, down 5 percent from q1 . National oilwell varco reports second quarter 2016 results . Q2 loss per share $0.30 excluding items . Q2 loss per share $0.58 . Q2 revenue $1.72 billion versus i/b/e/s view $1.79 billion . Q2 earnings per share view $-0.32 -- Thomson Reuters I/B/E/S . Rig systems generated revenues of $564 million in q2 of 2016, a decrease of 39 percent from q1 of 2016 . Backlog for capital equipment orders for rig systems at june 30, 2016 was $2.94 billion .Other items in quarter included $143 million in pre-tax charges primarily associated with severance, facility closure costs.  Full Article

National Oilwell Varco, GE Oil & Gas to provide floating production storage solutions
Thursday, 7 Jul 2016 06:30am EDT 

National Oilwell Varco Inc : National Oilwell Varco and GE Oil & Gas cooperate to provide integrated solutions for floating production storage and offloading (FPSO) vessels . Expect to complete joint engineering efforts and commence offering topside package solutions to oil and gas industry by early 2017 .GE Oil & Gas may also involve other GE businesses in collaboration with NOV.  Full Article

Trican Well Service reaches agreement for sale of its Completion tools business for C$53.5 mln
Wednesday, 1 Jun 2016 03:14pm EDT 

Trican Well Service Ltd: Trican Well Service reaches agreement for sale of its completion tools business for CAD$53.5 million . Total consideration payable to Trican consist of cash consideration of C$30 million and share consideration totaling C$23.5 million . Entered agreement with units of National Oilwell Varco for sale of Trican's completion tools business .Intends to use net cash proceeds from transaction to reduce its outstanding debt.  Full Article

National Oilwell Varco sets regular quarterly cash dividend of $0.05/shr
Thursday, 19 May 2016 06:45am EDT 

National Oilwell Varco Inc :Sets regular quarterly cash dividend of $0.05per share.  Full Article

National Oilwell Varco Inc says cut 6,000 jobs in quarter - Reuters News
Thursday, 28 Apr 2016 11:47pm EDT 

National Oilwell Varco Inc:National Oilwell Varco Inc, said on Thursday it slashed 6,000 jobs in the first quarter as weak oil prices forced its customers to cut production and exploration.The company received no new rig orders for the second quarter in a row in the three months ended March 31, Chief Financial Officer Jose Bayardo said on a call with analysts.Houston-based National Oilwell had 50,197 employees as of Dec. 31. Based on this number, the company cut about 12 percent of its workforce in the first quarter.The company reported a net loss of $119 million, or 32 cents per share, for the period, compared with a profit of $310 million, or 76 cents per share, a year earlier.  Full Article

National Oilwell Varco Inc lays off another 520 staff in Norway - Reuters News
Friday, 22 Apr 2016 01:57pm EDT 

National Oilwell Varco Inc:U.S. oilfield equipment maker and service provider National Oilwell Varco Inc will cut its Norwegian workforce by another 520 people after low oil prices resulted in fewer orders, the company said in a statement on Friday. - RTRS.The latest round of cuts will reduce the company's staff in Norway to less than 2,000, down from almost 5,000 at the height of the oil industry's boom two years ago."The uncertain market situation means that we cannot say how extensive the downsizing process will be in the long run," NOV said. The cuts announced on Friday were all permanent jobs, the company added.  Full Article

National Oilwell Varco Reduces Quarterly Dividend to $0.05 Per Share
Monday, 11 Apr 2016 06:45am EDT 

National Oilwell Varco, Inc:approved a plan to reduce the Company's quarterly dividend to $0.05 per share in response to market conditions which continued to deteriorate through the first quarter of 2016.  Full Article

National Oilwell Varco Inc declares regular quarterly dividend
Friday, 26 Feb 2016 06:45am EST 

National Oilwell Varco Inc:Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock.Payable on March 25 to each stockholder of record date as on March 11.  Full Article

National Oilwell Varco Inc to cut another 900 Norwegian jobs - Reuters
Sunday, 6 Dec 2015 11:55pm EST 

National Oilwell Varco Inc:U.S. oilfield equipment maker National Oilwell Varco Inc NOV.N will cut its Norwegian workforce by another 900 people after low oil prices resulted in fewer orders, the company said on Monday - RTRS.The layoffs come on top of cuts announced in June when the company said it would cut 900 permanent jobs and 600 contractors from its Norwegian workforce by the end of this year. - RTRS.The cuts announced on Monday were all permanent jobs, the company said in a statement. Following the latest round, National Oilwell Varco will have laid off about half of its staff in Norway - RTRS.  Full Article

National Oilwell Varco, Inc declares regular quarterly dividend
Thursday, 12 Nov 2015 06:30am EST 

National Oilwell Varco, Inc:Declares cash dividend of $0.46 per share of common stock.Payable on Dec.18, to each stockholder of record on Dec. 4.  Full Article

BRIEF-National Oilwell Varco announces appointment of Isaac Joseph to president, Wellbore Technologies

* National oilwell varco announces appointment of isaac h. Joseph to president, wellbore technologies Source text for Eikon: Further company coverage: