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National Oilwell Varco Inc (NOV)

NOV on New York Consolidated

34.00USD
20 Jul 2017
Change (% chg)

$-1.15 (-3.27%)
Prev Close
$35.15
Open
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$33.95
Volume
2,341,016
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$43.63
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Latest Key Developments (Source: Significant Developments)

National Oilwell enters into credit agreement evidencing 5-yr unsecured revolving credit facility
Wednesday, 28 Jun 2017 06:58am EDT 

June 28 (Reuters) - National Oilwell Varco Inc ::National Oilwell Varco Inc - on June 27, entered into a credit agreement evidencing a five year unsecured revolving credit facility - SEC filing.National Oilwell Varco Inc - pursuant to agreement, company may borrow an aggregate principal amount of up to $3.0 billion.National Oilwell Varco Inc - has right to increase aggregate commitments under 2017 facility to $4.0 billion upon consent of only lenders holding any such increase.National Oilwell Varco Inc - as result of entering into 2017 facility, on June 27, 2017, company terminated its credit agreement dated September 28, 2012.National Oilwell Varco Inc - there were no termination penalties incurred by company in connection with termination of 2012 facility.  Full Article

National Oilwell Varco reports Q1 loss per share $0.32
Wednesday, 26 Apr 2017 06:30pm EDT 

April 26 (Reuters) - National Oilwell Varco Inc :National Oilwell Varco reports first quarter 2017 results.Q1 loss per share $0.17 excluding items.Q1 loss per share $0.32.Q1 revenue fell 20 percent to $1.74 billion.Q1 earnings per share view $-0.21, revenue view $1.67 billion -- Thomson Reuters I/B/E/S.Backlog for capital equipment orders for rig systems at march 31, 2017 was $2.32 billion.Backlog for capital equipment orders for completion & production solutions at march 31, 2017 was $751 million.Rig systems new orders during quarter were $118 million.Rig systems generated qtrly revenues of $393 million, decrease of 58 percent from q1 of 2016.Completion & production solutions new orders during quarter were $323 million.  Full Article

National Oilwell Varco declares regular quarterly dividend
Friday, 24 Feb 2017 06:45am EST 

National Oilwell Varco Inc :National Oilwell Varco declares regular quarterly dividend.  Full Article

NATIONAL OILWELL VARCO REPORTS Q4 LOSS PER SHARE $1.90
Monday, 6 Feb 2017 06:12pm EST 

National Oilwell Varco Inc : NATIONAL OILWELL VARCO REPORTS FOURTH QUARTER AND FULL YEAR 2016 RESULTS . Q4 LOSS PER SHARE $0.15 EXCLUDING ITEMS . Q4 LOSS PER SHARE $1.90 . Q4 REVENUE $1.69 BILLION VERSUS I/B/E/S VIEW $1.62 BILLION . Q4 EARNINGS PER SHARE VIEW $-0.29 -- THOMSON REUTERS I/B/E/S . AS OF DECEMBER 31, 2016, COMPANY HAD TOTAL DEBT OF $3.21 BILLION, A DECREASE OF $2 MILLION FROM SEPTEMBER 30, 2016 . BACKLOG FOR CAPITAL EQUIPMENT ORDERS FOR RIG SYSTEMS AT DECEMBER 31, 2016 WAS $2.49 BILLION. . BACKLOG FOR CAPITAL EQUIPMENT ORDERS FOR COMPLETION AND PRODUCTION SOLUTIONS AT DEC 31, 2016 $818 MILLION, UP 1 PERCENT FROM Q3 OF 2016 .OTHER ITEMS IN QUARTER TOTALED $706 MILLION, PRETAX, PRIMARILY ASSOCIATED WITH INVENTORY CHARGES, FACILITY CLOSURES, AND SEVERANCE.  Full Article

Maersk Drilling enters 5-yr partnership with National Oilwell Varco
Monday, 21 Nov 2016 09:10am EST 

A.P Moller-Maersk's drilling unit Maersk Drilling : Says has entered into a five-year partnership with National Oilwell Varco to improve maintenance predictability for drilling equipment. . Says agreement covers Maersk Drilling's three deepwater D-class semi-submersibles as well as the four ultra-deepwater V-class drillships. . Says ultimate goal is to eliminate the need for quay side yard stays every five years. Further company coverage: [MAERSKb.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 03;)).  Full Article

National Oilwell Varco sets regular quarterly cash dividend of $0.05per share
Thursday, 17 Nov 2016 06:30am EST 

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

National Oilwell Varco announces settlement with U.S. regulators
Wednesday, 9 Nov 2016 05:27pm EST 

National Oilwell Varco Inc : National Oilwell Varco - settlement agreements to resolve investigations by U.S. DOJ, Department of Commerce, Bureau of Industry And Security . National Oilwell Varco - will pay a total of $25 million to resolve investigations - SEC filing .National Oilwell Varco - settlement agreements to resolve investigations regarding company's compliance with U.S. Export trade laws and regulations.  Full Article

National Oilwell Varco Q3 loss per share $3.62
Wednesday, 26 Oct 2016 09:13pm EDT 

National Oilwell Varco Inc : Q3 loss per share $0.34 excluding items . Q3 loss per share $3.62 . Q3 revenue $1.65 billion versus I/B/E/S view $1.68 billion . Q3 earnings per share view $-0.28 -- Thomson Reuters I/B/E/S . Continue to aggressively reduce costs, improve efficiencies, and invest in comprehensive technology portfolio .Believe declining global production and improving commodity prices are setting stage for a broader recovery in 2017.  Full Article

Akastor sells Fjords to NOV in NOK 1.2 bln deal
Wednesday, 26 Oct 2016 08:44pm EDT 

Akastor Asa : Agrees to sell Fjords Processing to National Oilwell Varco for NOK 1.2 billion ($145.04 million) on debt- and cash-free basis . Fjords is a global leader in complete process support systems for gas, oil and water . The transaction will realize an accounting gain of approximately NOK 650 million to Akastor, and will be recognised in the fourth quarter results. . The transaction is expected to release approximately NOK 1,150 million in cash for Akastor .The transaction is expected to be completed in Q4 2016, pending clearance from Norwegian and Korean competition authorities.  Full Article

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

BRIEF-National Oilwell enters into credit agreement evidencing 5-yr unsecured revolving credit facility

* National Oilwell Varco Inc - on June 27, entered into a credit agreement evidencing a five year unsecured revolving credit facility - SEC filing