National Oilwell Varco Announces Second Quarter 2014 Earnings and Warns of Impact of Russian Sanctions
National Oilwell Varco, Inc. today reported that for its second quarter ended June 30, 2014, it earned net income of $619 million, or $1.44 per fully diluted share, compared to first quarter ended March 31, 2014 net income of $589 million, or $1.37 per fully diluted share. Russian Warning National Oilwell Varco warned that economic sanctions against Russia could …
NOV Completes NOW Spin Off
National Oilwell Varco, Inc. today announced that it has completed the spin off to its stockholders of its distribution business as an independent public company,NOW Inc. (“NOW”). “This action demonstrates National Oilwell Varco’s commitment to provide long-term value to our stockholders,” said the Company’s Chairman and CEO Clay C. Williams. “With its …
National Oilwell Varco Board of Directors Approves Spin-Off of NOW Inc.
National Oilwell Varco, Inc. (NYSE: NOV) announced today that its board of directors has given final approval for the spin-off of its distribution business. The resulting company will be known as NOW Inc. (“NOW”) and will be headquartered in Houston. The separation will be completed by way of a pro rata distribution of all …