National Oilwell Varco Announces Certain Management Changes Related to Its Distribution Spinoff
National Oilwell Varco, Inc. announced the name of an additional member of the Executive Management team for its previously announced plan to spin off to its shareholders its Distribution Business as an independent publicly traded company. On the effective date of the spinoff, Mr. Raymond Chang will become the Vice …
National Oilwell Varco: Second Quarter Revenue at $5.6bn With Record Backlog
National Oilwell Varco, Inc. today reported that for its second quarter ended June 30, 2013 it earned net income of $531 million, or $1.24 per fully diluted share, compared to first quarter ended March 31, 2013 net income of $502 million, or $1.17 per fully diluted share. Excluding transaction charges …
National Oilwell Varco’s Q2 Results Up 35% from 2011
National Oilwell Varco, Inc. reported that for its second quarter ended June 30, 2012 it earned net income of $605 million, or $1.42 per fully diluted share. Earnings per share increased 26 percent compared to the second quarter of 2011 and were sequentially flat compared to the first quarter of 2012. Excluding transaction charges of $28 …
National Oilwell Varco Completes Flexible Pipe Acquisition
NKT, a joint venture between NKT Holding and Subsea 7 S.A., is based in Denmark. The company designs and manufactures flexible pipe products and systems for the offshore oil and gas industry, including products associated with Floating Production, Storage and Offloading vessels (“FPSO’s”) and other offshore vessels, as well as …
National Oilwell Varco Announces Fourth Quarter and 2010 Earnings
National Oilwell Varco, Inc. (NYSE: NOV) today reported that for the fourth quarter ended December 31, 2010 it earned net income of $440 million, or $1.05 per fully diluted share. Sequentially, earnings improved nine percent compared to third quarter ended September 30, 2010 net income of $404 million, or $0.96 …