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2014-10-02 19:35:00

NOV ANNOUNCES $3 BLN

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.

Clay C. Williams, National Oilwell Varco’s Chairman, President and CEO, commented: "This authorization comes after several months of careful consideration and reflects the Company’s strong financial condition, and the confidence that we have in our future business outlook. We are pleased that the continued execution of a solid business model has resulted in strong operating cash flow that enables us to continue to invest in strategic growth opportunities, while simultaneously returning…

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Tags: NATIONAL, OILWELL, VARCO,
Chronicle:
NOV ANNOUNCES $3 BLN
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