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National Oilwell Varco Inc (NOV.N)

NOV.N on New York Stock Exchange

21.32USD
21 Jun 2019
Change (% chg)

$-0.40 (-1.84%)
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2,972,404
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$49.08
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$19.57

Latest Key Developments (Source: Significant Developments)

National Oilwell Varco Announces Sale Of Two 20,000 Psi BOP Stacks To Transocean
Thursday, 6 Jun 2019 07:17pm EDT 

June 6 (Reuters) - National Oilwell Varco Inc ::NATIONAL OILWELL VARCO ANNOUNCES SALE OF TWO 20,000 PSI BOP STACKS TO TRANSOCEAN.ANNOUNCES SALE OF TWO 20,000-PSI (20K) BLOWOUT PREVENTER (BOP) STACKS TO TRANSOCEAN.INITIAL DEPLOYMENT IS EXPECTED IN 2021 ON A 20K WELL IN GULF OF MEXICO.  Full Article

National Oilwell Varco Reports Qtrly Loss Per Share Of $0.20
Thursday, 25 Apr 2019 06:27pm EDT 

April 25 (Reuters) - National Oilwell Varco Inc ::QTRLY LOSS PER SHARE $0.20 (ADDS CURRENCY).NATIONAL OILWELL VARCO REPORTS FIRST QUARTER 2019 RESULTS.Q1 REVENUE $1.94 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.01 BILLION.BACKLOG FOR CAPITAL EQUIPMENT ORDERS FOR COMPLETION & PRODUCTION SOLUTIONS AT MARCH 31, 2019 WAS $1.04 BILLION.BACKLOG FOR CAPITAL EQUIPMENT ORDERS FOR RIG TECHNOLOGIES WAS $3.1 BILLION AT MARCH 31, 2019.NATIONAL OILWELL - 2 BIG CHALLENGES NEGATIVELY IMPACTED Q1-OILFIELD SERVICE CUSTOMERS CUT EXPENDITURES AND SLIDING PRODUCER ACTIVITY OUTLOOK, OFFSHORE SALES DECLINED.NEW ORDERS FOR RIG TECHNOLOGIES BOOKED DURING THE QUARTER TOTALED $271 MILLION.Q1 EARNINGS PER SHARE VIEW $-0.08 -- REFINITIV IBES DATA.COMPLETION & PRODUCTION SOLUTIONS ORDERS TOTALED $470 MILLION FOR THE QUARTER.  Full Article

National Oilwell Varco Sees Q1 2019 Revenue $1.94 Bln
Friday, 12 Apr 2019 08:30am EDT 

April 12 (Reuters) - National Oilwell Varco Inc ::NATIONAL OILWELL VARCO PROVIDES OPERATIONAL UPDATE FOR THE FIRST QUARTER 2019.SEES Q1 2019 REVENUE $1.94 BILLION.WILL BE UNDERTAKING NEW INITIATIVES THROUGHOUT 2019 TO ALIGN COST STRUCTURE WITH CURRENT MARKET ENVIRONMENT.SEVERITY OF DECLINE IN DEMAND FOR OILFIELD EQUIPMENT RESULTING FROM SHARP FALL IN OIL PRICES DURING LATE 2018.Q1 REVENUE VIEW $2.09 BILLION -- REFINITIV IBES DATA.MARKET WEAKNESS WAS PARTICULARLY ACUTE AMONG OILFIELD SERVICE COMPANY CUSTOMERS.WILL BE UNDERTAKING NEW INITIATIVES THROUGHOUT 2019 TO ALIGN COST STRUCTURE WITH CURRENT MARKET ENVIRONMENT.NATIONAL OILWELL VARCO - EXPECT TO REPORT GAAP OPERATING LOSS OF APPROXIMATELY $48 MILLION AND ADJUSTED EBITDA OF APPROXIMATELY $140 MILLION IN Q1.ALL THREE OPERATING SEGMENTS WILL REPORT RESULTS BELOW PRIOR EXPECTATIONS IN Q1.  Full Article

Essentra To Sell Its Pipe Protection Technologies Business
Monday, 14 Jan 2019 09:44am EST 

Jan 14 (Reuters) - Essentra PLC ::DISPOSAL OF PIPE PROTECTION TECHNOLOGIES BUSINESS.TRANSACTION VALUES PPT AT US$48.0M FREE OF CASH AND DEBT.PRO FORMA IMPACT OF DEAL ON ESSENTRA'S LEVERAGE AS AT 30 JUNE 2018 IS TO REDUCE NET DEBT TO EBITDA RATIO FROM 1.9X AS REPORTED TO 1.6X.DIVESTMENT OF ITS PIPE PROTECTION TECHNOLOGIES BUSINESS TO CERTAIN WHOLLY-OWNED SUBSIDIARIES OF NATIONAL OILWELL VARCO.  Full Article

National Oilwell Varco reports Q3 loss per share $0.07
Thursday, 26 Oct 2017 06:00pm EDT 

Oct 26 (Reuters) - National Oilwell Varco Inc :National Oilwell Varco reports third quarter 2017 results.Q3 loss per share $0.07.Q3 revenue $1.84 billion versus I/B/E/S view $1.86 billion.Q3 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S.National Oilwell Varco Inc - ‍backlog for capital equipment orders for rig systems at September 30, 2017 was $2.01 billion​.National Oilwell Varco Inc - ‍backlog for capital equipment orders for completion & production solutions at September 30, 2017 was $974 million​.  Full Article

National Oilwell Varco sets regular quarterly cash dividend
Thursday, 17 Aug 2017 06:30am EDT 

Aug 17 (Reuters) - National Oilwell Varco Inc :Sets regular quarterly cash dividend of $0.05 per share.  Full Article

National Oilwell Varco reports Q2 loss per share $0.20
Thursday, 27 Jul 2017 06:42pm EDT 

July 27 (Reuters) - National Oilwell Varco Inc :National Oilwell Varco reports second quarter 2017 results.Q2 loss per share $0.14 excluding items.Q2 loss per share $0.20.Q2 revenue $1.76 billion versus I/B/E/S view $1.78 billion.Q2 earnings per share view $-0.15 -- Thomson Reuters I/B/E/S.Qtrly rig systems generated revenues of $346 million, a decrease of 39 percent from q2 of 2016.Backlog for capital equipment orders for rig systems at June 30, 2017 was $2.22 billion.Says backlog for capital equipment orders for rig systems at June 30, 2017 was $2.22 billion.New orders during q2 for completion & production solutions were $501 million.New orders during Q2 for rig systems were $124 million, representing a book-to-bill of 55 percent.Backlog for capital equipment orders for completion & production solutions at June 30, 2017 was $881 million.  Full Article