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National Oilwell Varco Inc (NOV.N)

NOV.N on New York Stock Exchange

39.31USD
17 Feb 2017
Change (% chg)

$-0.93 (-2.31%)
Prev Close
$40.24
Open
$40.03
Day's High
$40.04
Day's Low
$38.94
Volume
987,965
Avg. Vol
1,118,939
52-wk High
$43.63
52-wk Low
$26.92

Latest Key Developments (Source: Significant Developments)

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

National Oilwell Varco appoints jose a. bayardo as chief financial officer
Monday, 31 Aug 2015 07:00am EDT 

National Oilwell Varco Inc:Appoints jose a. bayardo as senior vice president & chief financial officer.Says bayardo succeeds Scott k. duff, interim chief financial officer.  Full Article

National Oilwell Varco declares regular quarterly dividend
Thursday, 13 Aug 2015 07:00am EDT 

National Oilwell Varco Inc:Declares the regular quarterly cash dividend of $0.46 per share of common stock, payable on Sept. 25 to each stockholder of record on Sept. 11.  Full Article

National Oilwell Varco declares regular quarterly dividend
Thursday, 14 May 2015 07:00am EDT 

National Oilwell Varco:Declares the regular quarterly cash dividend of $0.46 per share of common stock.Payable on June 26 to each stockholder of record on June 12.  Full Article

National Oilwell Varco Inc announces chief financial officer change
Tuesday, 21 Apr 2015 07:22pm EDT 

National Oilwell Varco Inc:Says that Jeremy D. Thigpen has informed the company of his resignation as senior vice president and chief financial officer.Scott K. Duff, NOV's vice president and chief accounting officer has been named as interim chief financial officer, effective immediately.  Full Article

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