Edition:
United Kingdom

National Oilwell Varco Inc (NOV.N)

NOV.N on New York Stock Exchange

41.81USD
8:39pm BST
Change (% chg)

$-0.84 (-1.97%)
Prev Close
$42.65
Open
$42.37
Day's High
$42.38
Day's Low
$39.85
Volume
322,363
Avg. Vol
671,516
52-wk High
$49.08
52-wk Low
$31.48

Latest Key Developments (Source: Significant Developments)

National Oilwell Varco says offshore to find bottom in second half of 2018
Friday, 27 Jul 2018 

July 27 (Reuters) - National Oilwell Varco Inc ::SAYS IT IS SEEING HIGHER DEMAND FOR SPARE RIG PARTS AMID INCREASED ACTIVITY.SAYS SEEING 'TREPIDATION' IN NORTH AMERICAN PRESSURE PUMPING MARKET.SAYS ROBUST DEMAND FOR NORTH AMERICAN CAPITAL EQUIPMENT IS OFFSETTING ONGOING CHALLENGES IN OFFSHORE BUSINESSES.EXPECTS OFFSHORE BUSINESS TO FIND BOTTOM IN SECOND HALF OF 2018.SAYS LAND RIG DAY RATES OF $25,000 CAN SUPPORT NEW BUILD SUPER SPEC RIGS, COMPANY IN DISCUSSIONS WITH SOME SMALLER U.S. DRILLERS.FACING A SOFTER OUTLOOK FOR PERMIAN BASIN OVER NEXT COUPLE OF QUARTERS, DOES NOT EXPECT MATERIAL IMPACT TO BUSINESS.  Full Article

National Oilwell Varco Q2 Earnings Per Share $0.06
Thursday, 26 Jul 2018 

July 26 (Reuters) - National Oilwell Varco Inc ::NATIONAL OILWELL VARCO REPORTS SECOND QUARTER 2018 EARNINGS.Q2 EARNINGS PER SHARE $0.06.Q2 REVENUE $2.11 BILLION VERSUS I/B/E/S VIEW $2 BILLION.Q2 EARNINGS PER SHARE VIEW $0.02 -- THOMSON REUTERS I/B/E/S.  Full Article

National Oilwell Varco Q1 Loss Per Share $0.18
Friday, 27 Apr 2018 

April 26 (Reuters) - National Oilwell Varco Inc ::NATIONAL OILWELL VARCO REPORTS FIRST QUARTER 2018 RESULTS.Q1 LOSS PER SHARE $0.18.Q1 REVENUE $1.8 BILLION VERSUS I/B/E/S VIEW $1.87 BILLION.Q1 EARNINGS PER SHARE VIEW $-0.05 -- THOMSON REUTERS I/B/E/S.BACKLOG FOR CAPITAL EQUIPMENT ORDERS FOR COMPLETION & PRODUCTION SOLUTIONS AT MARCH 31, 2018 WAS $1.01 BILLION.BACKLOG FOR CAPITAL EQUIPMENT ORDERS FOR COMPLETION & PRODUCTION SOLUTIONS AT MARCH 31, 2018 WAS $1.01 BILLION.BACKLOG FOR CAPITAL EQUIPMENT ORDERS FOR RIG TECHNOLOGIES AT MARCH 31, 2018 WAS $2.05 BILLION.COMPLETION & PRODUCTION NEW ORDERS IN QUARTER WERE $324 MILLION.NATIONAL OILWELL VARCO- NEW ORDERS FOR RIG TECHNOLOGIES BOOKED DURING QUARTER $201 MILLION COMPARED TO $153 MILLION SHIPPED FROM BACKLOG.  Full Article

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
Friday, 30 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
Thursday, 26 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