VARCO: IS THE GROWTH FINISHED?
National Oilwell Varco Announces Fourth Quarter and Full Year 2013 Earnings.
• Q4-2013 to Q4-2012: growth with $ 5.685 B to $ 6.172 B, up $ 487 M, 8.6%;
• Q4-2013 to Q3-2013: growth with $ 5.789 B to $ 6.172 B, up $ 383 M, 6.6%;
• 2013 to 2012: rising from $ 20.041 B to $ 22.767 B, up $ 2.726 B, 13.6%.
• Q4-2013 to Q4-2012: growth with $ 1.058 B to $ 1.157 B, up $ 99 M, 9.4%;
• Q4-2013 to Q3-2013: growth with $ 1.136 B to $ 1.157 B, up $ 21 M, 1.8%;
• 2013 to 2012: rising from $ 4.189 B to $ 4.211 B, up $ 22 M, 0.5%;
• Q4-2013 to Q-4 2012: decline from $ 668 M to $ 661 M, down $ 7 M, 1%;
• Q4-2013 to Q3-2013: growth from $ 636 M to $ 661 M, up $ 25 M, 3.9%;
• 2013 to 2012: decline from $ 2.483 B to $ 2.328 B, down $ 155 M, 6.2%.
VARCO said about four trends in energy development:
• Building of deepwater rigs;
• Development of subsea and deepwater floating production;
• Replacement of jack-up rigs;
• Retooling and growth and diffusion of share technologies.
More information here.
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