National Oilwell Varco Changes Corporate Name to NOV Inc.
National Oilwell Varco, Inc. announced plans to change its corporate name to “NOV Inc.”, effective January 1, 2021. The Company’s ticker symbol, “NOV”, will remain unchanged.
National Oilwell Varco, Inc. announced plans to change its corporate name to “NOV Inc.”, effective January 1, 2021. The Company’s ticker symbol, “NOV”, will remain unchanged.
National Oilwell Varco, Inc. (NYSE: NOV) today reported third quarter 2020 revenues of $1.38 billion, a decrease of seven percent compared to the second quarter of 2020 and a decrease of 35 percent compared to the third quarter of 2019.
National Oilwell Varco, Inc. announced the retirement of Hege Kverneland, the Company’s Corporate Vice President and Chief Technology Officer, effective April 17, 2020. David Reid has been named as Ms. Kverneland’s successor.
National Oilwell Varco, Inc. reported fourth quarter 2019 revenues of $2.28 billion, an increase of seven percent compared to the third quarter of 2019 and a decrease of five percent compared to the fourth quarter of 2018.
National Oilwell Varco reported a third quarter 2017 net loss of $26 million, or $0.07 per share. Revenues for the third quarter of 2017 were $1.84 billion, an increase of four % compared to the second quarter of 2017 and an increase of eleven % from the third quarter of 2016. Operating loss for the third quarter was $7 million, or 0.4 % of sales.
National Oilwell Varco announced that Melody B. Meyer has been appointed to the Company’s Board of Directors effective September 15, 2017.
National Oilwell Varco, Inc. reported a first quarter 2017 net loss of $122 million, or $0.32 per share. Excluding other items, net loss for the quarter was $63 million, or $0.17 per share. Other items totaled $37 million, pretax, and primarily consisted of charges related to severance and facility closures.
National Oilwell Varco has completed its previously announced acquisition of Fjords Processing, a global leader in the provision of processing technology, systems and services to the upstream oil and gas industry.
National Oilwell Varco reported a third quarter 2016 net loss of $1.36 billion, or $3.62 per share. Excluding other items, net loss for the quarter was $128 million, or $0.34 per share. Other items totaled $1.09 billion, pretax, consisting of a $972 million goodwill impairment and $116 million of other charges primarily associated with severance, facility closures and write-offs of certain assets.
National Oilwell Varco announced today that Robert E. Beauchamp has resigned from the company’s board of directors effective November 2, 2015.