NOV Inc.

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 June 29, 2018 to each stockholder of record on June 15, 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, and [...]

National Oilwell Varco Inc. today reported a first quarter 2018 net loss of $68 million, or $0.18 per share. Revenues for the first quarter were $1.80 billion, a decrease of nine percent compared to the fourth quarter of 2017 and an increase of three percent from the first quarter of 2017. Operating loss for the first quarter of 2018 was $1 million, or 0.1 percent of sales, and Adjusted EBITDA was $160 million, or 8.9 [...]

National Oilwell Varco Inc. today announced it expects to report first quarter 2018 revenues of $1.80 billion, which is below prior expectations. The revenue shortfall is primarily due to: Reduced progress on new offshore rig construction and customer-delayed deliveries of drilling, well servicing, and stimulation equipment, causing revenue to slip into later periods, and; Lower sequential shipments of subsea production [...]

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 March 30, 2018 to each stockholder of record on March 16, 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, and [...]

National Oilwell Varco Inc. will hold a conference call to discuss its first quarter 2018 results on Friday, April 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, April 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 [...]

National Oilwell Varco Inc. today reported a fourth quarter 2017 net loss of $14 million, or $0.04 per share. Revenues for the fourth quarter were $1.97 billion, an increase of seven percent compared to the third quarter and an increase of 16 percent from the fourth quarter of 2016. Operating loss for the fourth quarter was $111 million, or 5.6 percent of sales. Adjusted EBITDA for the fourth quarter was $197 million, or [...]

National Oilwell Varco Inc. today announced it combined its Rig Systems and Rig Aftermarket reporting segments into a single segment called Rig Technologies during the fourth quarter of 2017. The restructuring better aligns operations with the current and anticipated market environments, reduces administrative burden, and eliminates reported intercompany transactions between Rig Technologies’ capital equipment and [...]

National Oilwell Varco Inc. will hold a conference call to discuss its fourth quarter and full-year 2017 results on Tuesday, February 6 at 10 a.m. . NOV will issue a press release with the Company’s results after the market closes for trading on Monday, February 5. 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 announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on December 22, 2017 to each stockholder of record on December 8, 2017. 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. (NYSE: NOV) today reported a third quarter 2017 net loss of $26 million, or $0.07 per share. Revenues for the third quarter of 2017 were $1.84 billion, an increase of four percent compared to the second quarter of 2017 and an increase of eleven percent from the third quarter of 2016. Operating loss for the third quarter was $7 million, or 0.4 percent of sales. Adjusted EBITDA (operating profit [...]