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All publications by tag «OILWELL»

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2016, October, 27, 18:35:00

NOV VARCO NET LOSS $1.7 BLN

Revenues for the third quarter of 2016 were $1.65 billion, a decrease of five percent compared to the second quarter of 2016 and a decrease of 50 percent from the third quarter of 2015. Operating loss for the third quarter was $1.19 billion, or 72.1 percent of sales. Excluding other items, operating loss was $108 million, or 6.6 percent of sales. Adjusted EBITDA (operating profit excluding other items before depreciation and amortization) for the third quarter was $68 million, or 4.1 percent of sales, an increase of $43 million from the second quarter of 2016.

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2016, July, 28, 18:35:00

NOV VARCO NET LOSS $336 MLN

National Oilwell Varco, Inc. (NYSE:NOV) reported a second quarter 2016 net loss of $217 million, or $0.58 per share. Excluding other items, net loss for the quarter was $114 million, or $0.30 per share. Other items included $143 million in pre-tax charges ($103 million net of tax) primarily associated with severance, facility closure costs, and write-off of certain fixed assets.

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2016, April, 28, 19:35:00

VARCO NET LOSS $119 MLN

National Oilwell Varco, Inc. (NYSE:NOV) reported a first quarter 2016 net loss of $21 million, or $0.06 per share, excluding other items. Other items included $147 million in pre-tax charges primarily associated with severance and facility closure costs. GAAP net loss for the quarter was $119 million, or $0.32 per share.

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2015, August, 3, 17:30:00

NOV VARCO DOWN 50%

National Oilwell Varco, Inc. (NYSE: NOV) today reported that for its second quarter ended June 30, 2015, it earned net income of $289 million, or $0.74 per fully diluted share, compared to first quarter ended March 31, 2015 net income of $310 million, or $0.76 per fully diluted share. Excluding other items and non-recurring charges from all periods, second quarter net income was $301 million, or $0.77 per fully diluted share, compared to $1.14 in the first quarter of 2015 and $1.47 in the second quarter of 2014. Second quarter 2015 other items were $17 million in pre-tax severance and facility closure charges.

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2015, February, 14, 14:35:00

NOV: 2015 WILL BE SEVERE

Looking into 2015 we face a very challenging market.

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2014, October, 2, 19:35:00

NOV ANNOUNCES $3 BLN

National Oilwell Varco, Inc. (NYSE: NOV) announced today that its Board of Directors has authorized a share repurchase program to purchase up to $3 billion of the company's outstanding common stock.

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2014, August, 5, 18:15:00

SANCTIONS: NOV WARNS RUSSIA

National Oilwell Varco warns of Russian sanctions impact

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2014, February, 27, 16:38:00

NOV NAMES CLAY WILLIAMS

National Oilwell Varco Announces Election of Clay Williams as President & Chief Executive Officer

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2014, February, 27, 16:38:00

NOV DECLARES DIVIDEND

National Oilwell Varco Declares Regular Quarterly Dividend

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2014, January, 31, 16:38:00

VARCO: IS THE GROWTH FINISHED?

National Oilwell Varco Announces Fourth Quarter and Full Year 2013 Earnings.

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