Edition:
India

National Oilwell Varco Inc (NOV.N)

NOV.N on New York Stock Exchange

38.25USD
20 Apr 2018
Change (% chg)

$-0.33 (-0.86%)
Prev Close
$38.58
Open
$38.50
Day's High
$38.50
Day's Low
$37.59
Volume
827,857
Avg. Vol
796,525
52-wk High
$41.36
52-wk Low
$29.90

Latest Key Developments (Source: Significant Developments)

National Oilwell Varco Sees Q1 2018 Revenue $1.8 Billion
Monday, 16 Apr 2018 

April 16 (Reuters) - National Oilwell Varco Inc ::NATIONAL OILWELL VARCO PROVIDES OPERATIONAL UPDATE FOR THE FIRST QUARTER 2018.SEES Q1 2018 REVENUE $1.8 BILLION.Q1 REVENUE VIEW $1.95 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

National Oilwell Varco Says CEO Clay Williams' FY 2017 Total Compensation Was $12.7 Mln Versus $10.6 Mln In FY 2016
Saturday, 31 Mar 2018 

March 30 (Reuters) - National Oilwell Varco Inc ::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.  Full Article

National Oilwell Varco Q4 Shr Loss $0.04
Tuesday, 6 Feb 2018 

Feb 5 (Reuters) - National Oilwell Varco Inc ::NATIONAL OILWELL VARCO REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 REVENUE ROSE 16 PERCENT TO $1.97 BILLION.Q4 LOSS PER SHARE $0.04.SAYS BACKLOG FOR CAPITAL EQUIPMENT ORDERS FOR COMPLETION & PRODUCTION SOLUTIONS AT DECEMBER 31, 2017 WAS $1.07 BILLION.SAYS BACKLOG FOR CAPITAL EQUIPMENT ORDERS FOR RIG SYSTEMS AT DECEMBER 31, 2017 WAS $1.89 BILLION.Q4 EARNINGS PER SHARE VIEW $-0.04, REVENUE VIEW $1.95 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

National Oilwell Varco Expects Q4 Results To Be In-Line With Guidance, Excluding Charges
Friday, 19 Jan 2018 

Jan 19 (Reuters) - National Oilwell Varco Inc ::NATIONAL OILWELL VARCO ANNOUNCES CHANGES IN REPORTING SEGMENTS; EXPECTS FOURTH QUARTER 2017 RESULTS TO BE IN-LINE WITH GUIDANCE, EXCLUDING CHARGES.- ‍COMBINED ITS RIG SYSTEMS AND RIG AFTERMARKET REPORTING SEGMENTS INTO A SINGLE SEGMENT CALLED RIG TECHNOLOGIES DURING Q4.NATIONAL OILWELL VARCO - ANTICIPATES IT WILL RECOGNIZE BETWEEN $120 AND $140 MILLION IN PRE-TAX RESTRUCTURING CHARGES DURING Q4.- ‍ANTICIPATES IT WILL RECOGNIZE BETWEEN $120 AND $140 MILLION IN PRE-TAX RESTRUCTURING CHARGES IN Q4 OF 2017​.NATIONAL OILWELL VARCO - FOR Q4 ANTICIPATES RIG TECHNOLOGIES WILL EXCEED PRIOR GUIDANCE, WELLBORE TECHNOLOGIES WILL BE IN-LINE WITH EXPECTATIONS.NATIONAL OILWELL VARCO - FOR Q4 ANTICIPATES COMPLETION AND PRODUCTION SOLUTIONS WILL FALL SHORT OF GUIDANCE​.NATIONAL OILWELL - SHORTFALL IN COMPLETION & PRODUCTION SOLUTIONS IN Q4 DUE TO ENGINEERING CHALLENGES, DELIVERY DELAYS FOR A NEW PRODUCT.NATIONAL OILWELL - SHORTFALL IN COMPLETION & PRODUCTION SOLUTIONS IN Q4 ALSO DUE TO SOFTER THAN EXPECTED ORDERS IN PROCESS & FLOW TECHNOLOGIES.Q4 EARNINGS PER SHARE VIEW $-0.04, REVENUE VIEW $1.94 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

National Oilwell Varco reports Q3 loss per share $0.07
Friday, 27 Oct 2017 

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 announces joint venture with Saudi Aramco
Monday, 22 May 2017 

May 22 (Reuters) - National Oilwell Varco Inc : :NOV announces joint venture with Saudi Aramco to manufacture high-specification drilling rigs and advanced drilling equipment.National Oilwell Varco Inc - memorandum of understanding, which includes a detailed commercial term sheet, remains subject to final negotiation.National Oilwell Varco Inc - entering into a memorandum of understanding with Saudi Aramco to form a joint venture in Saudi Arabia.National Oilwell Varco Inc - NOV will own a 70pct interest in joint venture, while Saudi Aramco will own 30pct.  Full Article

National Oilwell reports Q2 loss per share $0.30 excluding items
Thursday, 28 Jul 2016 

National Oilwell Varco Inc : Backlog for capital equipment orders for rig systems at june 30, 2016 was $2.94 billion . New orders during quarter were $66 million for rig systems . Backlog for capital equipment orders for completion and production solutions at june 30, 2016 was $947 million, down 5 percent from q1 . National oilwell varco reports second quarter 2016 results . Q2 loss per share $0.30 excluding items . Q2 loss per share $0.58 . Q2 revenue $1.72 billion versus i/b/e/s view $1.79 billion . Q2 earnings per share view $-0.32 -- Thomson Reuters I/B/E/S . Rig systems generated revenues of $564 million in q2 of 2016, a decrease of 39 percent from q1 of 2016 . Backlog for capital equipment orders for rig systems at june 30, 2016 was $2.94 billion .Other items in quarter included $143 million in pre-tax charges primarily associated with severance, facility closure costs.  Full Article

National Oilwell Varco, GE Oil & Gas to provide floating production storage solutions
Thursday, 7 Jul 2016 

National Oilwell Varco Inc : National Oilwell Varco and GE Oil & Gas cooperate to provide integrated solutions for floating production storage and offloading (FPSO) vessels . Expect to complete joint engineering efforts and commence offering topside package solutions to oil and gas industry by early 2017 .GE Oil & Gas may also involve other GE businesses in collaboration with NOV.  Full Article

Trican Well Service reaches agreement for sale of its Completion tools business for C$53.5 mln
Thursday, 2 Jun 2016 

Trican Well Service Ltd: Trican Well Service reaches agreement for sale of its completion tools business for CAD$53.5 million . Total consideration payable to Trican consist of cash consideration of C$30 million and share consideration totaling C$23.5 million . Entered agreement with units of National Oilwell Varco for sale of Trican's completion tools business .Intends to use net cash proceeds from transaction to reduce its outstanding debt.  Full Article

National Oilwell Varco sets regular quarterly cash dividend of $0.05/shr
Thursday, 19 May 2016 

National Oilwell Varco Inc :Sets regular quarterly cash dividend of $0.05per share.  Full Article

BRIEF-National Oilwell Varco Sees Q1 2018 Revenue $1.8 Billion

* NATIONAL OILWELL VARCO PROVIDES OPERATIONAL UPDATE FOR THE FIRST QUARTER 2018