News: National Oilwell Varco Inc (NOV.N)

NOV.N on New York Stock Exchange

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Tue, Feb 3 2015

National Oilwell warns of 'severe downturn' in 2015

- Top U.S. oilfield equipment maker National Oilwell Varco Inc warned of a severe downturn in its business after orders for its drilling parts plunged nearly 90 percent, underscoring the extent of the spending cuts caused by the oil price slump.

UPDATE 2-National Oilwell warns of "severe downturn" in 2015

* Fourth-quarter orders fall short of analysts' estimates (Adds executive, analyst comments; updates shares)

National Oilwell revenue rises 8 pct on order backlog

Feb 3 - National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported an 8 percent rise in quarterly revenue, helped by a strong backlog of orders for its rigs and drilling components.

What to Watch in the Day Ahead - Tuesday, Feb. 3

Holiday season visitors to theme parks are likely to help drive Dow component Walt Disney Co's first-quarter profit. Wall Street expects the media company to report earnings per share of $1.08, up from $1.03 a year earlier, according to Thomson Reuters I/B/E/S.

What to Watch in the Week Ahead and on Monday, Feb. 2

(The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at . Thomson One users can register at RT/DAY/US. All times in ET/GMT) Holiday season visitors to theme parks are likely to help drive Dow component Walt Disney Co's profit for the first quarter. Wall Street expects the media company to report earnings per share of $1.08 on Tuesday, up from $1.03 a year earlier,

Oil spin-off stocks could face longer road to recovery

NEW YORK - As falling oil prices have ripped through energy stocks this year, five U.S. corporate spin-offs in the sector have not escaped the share price carnage and face a tougher road to recovery than more-established companies.

Oil spin-off stocks could face longer road to recovery

NEW YORK, Dec 24 - oAs falling oil prices have ripped through energy stocks this year, five U.S. corporate spin-offs in the sector have not escaped the share price carnage and face a tougher road to recovery than more-established companies.

Oil price drop, merger talks feed energy sector deal speculation

NEW YORK, Nov 14 - Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said.

UPDATE 2-National Oilwell posts 60 pct fall in oilfield equipment orders

* Shares fall as much as 4 pct (Adds details, share movement)

National Oilwell profit boosted by rig technology business

Oct 30 - National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 10 percent rise in quarterly profit, helped by strong performance in its rig technology business that readies oil and gas wells for production.

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