National Oilwell Varco Inc. today announced the signing of a frame agreement with Equinor ASA for the provision of IntelliServTM Wired Drillpipe to outfit their global fleet of offshore drilling rigs. This agreement is based on the success of recent field deployments of version two of Wired Drillpipe that have demonstrated the value of high-speed telemetry in multiple applications across their fleet of working rigs. The [...]
National Oilwell Varco Inc. will hold a conference call to discuss its fourth quarter and full-year 2018 results on Thursday, February 7, 2019 at 10 a.m. . NOV will issue a press release with the Company’s results after the market closes for trading on Wednesday, February 6, 2019. The call will be webcast live on www.nov.com/investors. About NOV National Oilwell Varco is a leading provider of technology, equipment [...]
National Oilwell Varco Inc. today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on December 21, 2018 to each stockholder of record on December 7, 2018. About NOV National Oilwell Varco is a leading provider of technology, equipment, and services to the global oil and gas industry that supports customers’ full-field drilling, completion [...]
National Oilwell Varco Inc. today announced that its Board of Directors has authorized a share repurchase program to purchase up to $500 million of the Company's outstanding common stock. “This share repurchase program reflects the Company’s strengthening outlook, its track record of solid free cash flow, and its commitment to responsible capital stewardship,” said Clay Williams, Chairman and CEO of [...]
National Oilwell Varco Inc. today reported third quarter 2018 revenues of $2.15 billion, an increase of two percent compared to the second quarter of 2018 and an increase of 17 percent from the third quarter of 2017. Operating profit for the third quarter of 2018 was $73 million, or 3.4 percent of sales, Adjusted EBITDA was $245 million, or 11.4 percent of sales, and net income was $1 million. Operating profit increased [...]
National Oilwell Varco Inc. announced today that the Company will host its 2018 Analyst Day on Tuesday, November 6 in Houston. The general presentation session will be held from 9:00am to 4:30pm Central Time with a break for a seated lunch where in-room participants will have the opportunity to interact with Company leadership from across the organization. The event will be broadcast live via webcast. The live webcast [...]
National Oilwell Varco Inc. today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on September 28, 2018 to each stockholder of record on September 14, 2018. About NOV National Oilwell Varco is a leading provider of technology, equipment, and services to the global oil and gas industry that supports customers’ full-field drilling [...]
National Oilwell Varco Inc. will hold a conference call to discuss its third quarter 2018 results on Friday, October 26, 2018 at 10 a.m. . NOV will issue a press release with the Company’s results after the market closes for trading on Thursday, October 25, 2018. The call will be webcast live on www.nov.com/investors. About NOV National Oilwell Varco is a leading provider of technology, equipment, and services to [...]
National Oilwell Varco Inc. today reported second quarter 2018 net income of $24 million, or $0.06 per diluted share. Revenues for the second quarter were $2.11 billion, an increase of 17 percent compared to the first quarter of 2018 and an increase of 20 percent from the second quarter of 2017. Operating profit for the second quarter of 2018 was $52 million, or 2.5 percent of sales, and Adjusted EBITDA was $226 million [...]
National Oilwell Varco Inc. today announced the signing of an agreement with Saudi Aramco to form a joint venture in the Kingdom of Saudi Arabia. Through its state-of-the-art manufacturing and fabrication facilities in the Kingdom and NOV’s market-leading drilling technologies, the joint venture will provide high-specification land rigs, rig and drilling equipment and offer certain aftermarket services [...]
National Oilwell Varco Inc. today announced the commercial launch of GoConnect™ condition monitoring services for intervention and stimulation equipment, which provides real-time process monitoring, predictive analytics, and condition-based maintenance capabilities for NOV’s pressure pumping, coiled tubing, nitrogen, and wireline equipment. The GoConnect system uses machine learning to provide data-driven [...]
National Oilwell Varco Inc. will hold a conference call to discuss its second quarter 2018 results on Friday, July 27, 2018 at 10 a.m. . NOV will issue a press release with the Company’s results after the market closes for trading on Thursday, July 26, 2018. The call will be webcast live on www.nov.com/investors. About NOV National Oilwell Varco is a leading provider of technology, equipment, and services to the [...]
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