National Oilwell Varco Inc. (NYSE: NOV) announced today that it has introduced an advancement in Radio Frequency Identification (RFID) technology and asset management software for the oil and gas industry. NOV’s latest generation RFID tag, TracTagTM, has been field-proven to withstand extreme drilling conditions when installed on drillstring components. The tag is currently the only RFID technology in the industry [...]
National Oilwell Varco Inc. (NYSE: NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on June 24, 2016 to each stockholder of record on June 10, 2016. National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations and the provision of [...]
National Oilwell Varco Inc. (NYSE: NOV) will hold a conference call to discuss its second quarter results on Thursday, July 28, 2016 at 8:00 AM Central Time (9:00 AM Eastern Time). A press release with financial results for the quarter will be issued that morning prior to the call. Interested parties are invited to participate on the call by dialing +1 (844) 464-3148 or +1 (574) 990-9849 if calling internationally [...]
National Oilwell Varco Inc. (NYSE:NOV) today reported a first quarter 2016 net loss of $21 million, or $0.06 per share, excluding other items. Other items included $147 million in pre-tax charges primarily associated with severance and facility closure costs. GAAP net loss for the quarter was $119 million, or $0.32 per share. Revenues for the first quarter of 2016 were $2.19 billion, a decrease of 20 percent compared to [...]
National Oilwell Varco Inc. (NYSE:NOV) announced today that its Board of Directors has approved a plan to reduce the Company’s quarterly dividend to $0.05 per share in response to market conditions which continued to deteriorate through the first quarter of 2016. Clay Williams, Chairman, President and CEO, commented, “We believe reducing the dividend is in the best interest of our company and our shareholders [...]
National Oilwell Varco Inc. (NYSE: NOV) announced today that James T. "Jim" Hackett has been appointed to the company’s board of directors effective April 5, 2016. Clay C. Williams, Chairman, President and CEO of National Oilwell Varco, stated, “It is with great pleasure that I welcome Jim Hackett to our board of directors. Jim’s extensive experience in the global energy industry will bring an important [...]
National Oilwell Varco Inc. (NYSE:NOV) announced today that it has developed and validated the first end-to-end predictive solution that can foresee operational failures in subsea blowout preventer (BOP) components. RIGSENTRY™ now offers a remote condition monitoring service that provides live predictive analytics of subsea BOPs. This predictive feature is the result of a multidisciplinary data science team using 14 [...]
National Oilwell Varco Inc. (NYSE: NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on March 25, 2016 to each stockholder of record on March 11, 2016. National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations and the provision of [...]
National Oilwell Varco Inc. (NYSE:NOV) will hold a conference call on Thursday, April 28, 2016 at 8:00 am (Central Time) to discuss results for the first quarter of 2016. A press release with the quarter’s financial results will be issued that morning prior to the call. Participants may join the conference call by dialing 1-866-312-4825 within North America or 1-720-634-2948 outside of North America five to ten [...]
HOUSTON, Feb. 15, 2016 /PRNewswire/ -- A Houston state court jury this week returned a take-nothing verdict in favor of National Oilwell Varco, L.P., (NYSE: NOV), after finding that a former employee who sought more than $20 million in damages was rightfully fired for a safety violation and not the victim of race discrimination. The jury in Harris County District Judge Robert Schaffer's court heard six days of testimony [...]
National Oilwell Varco Inc. (NYSE:NOV) today reported fourth quarter 2015 net income of $85 million, or $0.23 per fully diluted share, excluding other items, down from $0.61 in the third quarter of 2015 on a comparable basis. Other items included pre-tax charges of $1,634 million for goodwill and other intangible asset write-downs, $139 million for restructuring and other charges (which included inventory write-downs [...]
National Oilwell Varco Inc. (NYSE: NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on December 18, 2015 to each stockholder of record on December 4, 2015. National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations and the [...]
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