National Oilwell Varco is a leading provider of equipment and technology solutions for the oil and gas industry, specializing in delivering innovative products and services that enhance efficiency and safety in drilling and production operations
The company operates through various segments, offering everything from rig systems and wellbore technologies to completion tools and production equipment. Its extensive portfolio supports energy companies worldwide, enabling them to optimize their operations and meet the ever-evolving challenges of the energy sector. National Oilwell Varco is committed to advancing sustainable practices and integrating cutting-edge technology in its offerings, positioning itself as a key player in the global energy landscape.
NOV Inc. (NYSE: NOV) today announced key leadership changes within its senior management team pursuant to the Company's long term succession planning. As part of this plan, Jose Bayardo, the Company's Senior Vice President & Chief Financial Officer, has been promoted to President & Chief Operating Officer. Rodney Reed, the Company's President of NOV Process Flow Technologies, has been promoted to Senior Vice President & Chief Financial Officer.
NOV Inc. (NYSE: NOV) will hold a conference call to discuss its first quarter 2025 results on Tuesday, April 29, 2025, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Monday, April 28, 2025. The call will be webcast live on www.nov.com/investors.
NOV Inc. (NYSE: NOV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on March 28, 2025 to each stockholder of record on March 14, 2025.
NOV Inc. (NYSE: NOV) today reported fourth quarter 2024 revenues of $2.31 billion, a decrease of one percent compared to the fourth quarter of 2023. Net income decreased $438 million, or $1.10 per diluted share, year-over-year from $598 million, which included the release of valuation allowances on deferred tax assets of $485 million. Operating profit increased 29 percent to $207 million, or 9.0 percent of sales. The Company recorded $7 million in pre-tax charges within Other Items (see Corporate Information for additional details). Adjusted EBITDA increased three percent year-over-year to $302 million, or 13.1 percent of sales.
NOV Inc. (NYSE: NOV) will hold a conference call to discuss its fourth quarter and full year 2024 results on Wednesday, February 5, 2025, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Tuesday, February 4, 2025. The call will be webcast live on www.nov.com/investors.
The Energy Sector is an interesting sector and there are a lot of things we can learn from valuing the Energy Sector about investing itself and about valuation.
NOV Inc. (NYSE: NOV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on December 20, 2024 to each stockholder of record on December 6, 2024.
NOV Inc. (NYSE: NOV) today reported third quarter 2024 revenues of $2.19 billion, an increase of $6 million compared to the third quarter of 2023. Net income increased 14 percent to $130 million, or $0.33 per share, and operating profit increased six percent to $194 million, or 8.9 percent of sales. The Company recorded $5 million within Other Items (see Corporate Information for additional details). Adjusted EBITDA increased seven percent year-over-year to $286 million, or 13.1 percent of sales.
NOV Inc. (NYSE: NOV) will hold a conference call to discuss its third quarter 2024 results on Friday, October 25, 2024, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Thursday, October 24, 2024. The call will be webcast live on www.nov.com/investors.
NOV Inc. (NYSE: NOV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on September 27, 2024 to each stockholder of record on September 13, 2024.
