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National Oilwell Varco Expects Q3 Revenues To Decline Slightly, Sees Potential For More Pronounced Decline In Q4
National Oilwell Varco Says Recognized $102 Mln In Restructuring Charges in Q2
National Oilwell Varco Announced Suspension Of Quarterly Dividend
National Oilwell Varco, Inc. (NOV) is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Technologies, Wellbore Technologies and Completion & Production Solutions. The Rig Technologies segment designs, manufactures, sells, and supports land rigs, offshore drilling equipment packages, and drilling rig components. The Wellbore Technologies segment designs, manufactures, rents and sells a range of equipment and technologies used to perform drilling operations. The Completion & Production Solutions segment integrates technologies for well completions and oil and gas production.
Oil Well Services & Equipment
7909 PARKWOOD CIRCLE DR
Clay Campbell Williams
Chairman of the Board, President, Chief Executive Officer
Jose A. Bayardo
Chief Financial Officer, Senior Vice President
Joseph W. Rovig
President - Rig Systems
Craig L. Weinstock
Senior Vice President, General Counsel, Secretary
Scott K. Duff
Chief Accounting Officer, Vice President, Corporate Controller
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National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.
U.S. oilfield equipment supplier National Oilwell Varco <NOV.N> on Friday called the coronavirus a "wildcard" in the oil industry's outlook, with an extended outbreak potentially hurting access to Chinese-make materials and foreign sales.
National Oilwell Varco <NOV.N> beat estimates for its fourth-quarter profit on Thursday, as the oilfield services provider cut costs to counter an ongoing decline in North American drilling activity.
National Oilwell Varco reported a quarterly loss on Thursday, as the oilfield services provider took impairment and restructuring charges due to decline in U.S. drilling activity and its measures to cut costs.
U.S. oilfield supplier National Oilwell Varco Inc <NOV.N> is trimming its workforce, according to people familiar with the matter, as oil and gas customers have cut spending on services and equipment.
* NATIONAL OILWELL VARCO ANNOUNCES SALE OF TWO 20,000 PSI BOP STACKS TO TRANSOCEAN
Saudi Aramco signed a deal with National Oilwell Varco Inc. (NOV) to form a joint venture to make onshore rigs and equipment in Saudi Arabia, the state-owned Saudi energy firm said.
* Q1 EARNINGS PER SHARE VIEW $-0.05 -- THOMSON REUTERS I/B/E/S
* NATIONAL OILWELL VARCO PROVIDES OPERATIONAL UPDATE FOR THE FIRST QUARTER 2018
* NATIONAL OILWELL VARCO INC SAYS CEO CLAY WILLIAMS' FY 2017 TOTAL COMPENSATION WAS $12.7 MILLION VERSUS $10.6 MILLION IN FY 2016 - SEC FILING Source text: [https://bit.ly/2GrSNTe] Further company coverage:
Vallourec Drilling Products, a subsidiary of Paris, France-based steel pipe maker Vallourec, will lay off roughly 150 employees in Texas, according to a regulatory filing.
* NATIONAL OILWELL VARCO REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS
* Q3 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S
* National Oilwell Varco announces appointment of Melody B. Meyer to the board of directors
* Sets regular quarterly cash dividend of $0.05 per share Source text for Eikon: Further company coverage:
Oilfield services firm National Oilwell Varco reported a narrower second-quarter loss on cost-cutting and had a slight increase in revenue.
* Q2 earnings per share view $-0.15 -- Thomson Reuters I/B/E/S
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