VARCO BUYS $500 MLN
NOV VARCO - National Oilwell Varco, Inc. (NYSE: NOV) today announced that its Board of Directors has authorized a share repurchase program to purchase up to $500 million of the Company's outstanding common stock.
"This share repurchase program reflects the Company's strengthening outlook, its track record of solid free cash flow, and its commitment to responsible capital stewardship," said Clay Williams, Chairman and CEO of National Oilwell Varco.
Under the share repurchase…
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