Last $82.88 USD
Change Today +0.23 / 0.28%
Volume 5.3M
NOV On Other Exchanges
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Exchange
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As of 4:15 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

national oilwell varco inc (NOV) Snapshot

Open
$83.00
Previous Close
$82.65
Day High
$83.00
Day Low
$82.04
52 Week High
11/15/13 - $84.71
52 Week Low
05/2/13 - $63.25
Market Cap
35.5B
Average Volume 10 Days
3.4M
EPS TTM
$5.71
Shares Outstanding
428.9M
EX-Date
03/12/14
P/E TM
14.5x
Dividend
$1.04
Dividend Yield
1.25%
Current Stock Chart for NATIONAL OILWELL VARCO INC (NOV)

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national oilwell varco inc (NOV) Details

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. The company’s Rig Technology segment offers offshore and onshore drilling rigs; derricks; pipe lifting, racking, rotating, and assembly systems; rig instrumentation; blowout preventers; coiled tubing equipment and pressure pumping units; well work over rigs; wire line winches and trucks; cranes; flexible pipe; turret mooring systems; and other products for floating production, storage, and offloading vessels, and other offshore vessels and terminals. Its Petroleum Services and Supplies segment provides consumable goods and services to drill, complete, remediate, and work over oil and gas wells; and service drill pipe, tubing, casing, and flow lines; other oilfield tubular goods; rents and sells drill pipe, wired drill pipe, transfer pumps, valves, solids control systems, drilling motors, drilling fluids, drill bits, reamers and other down hole tools, and mud pump consumables for drilling operations. This segment’s oilfield tubular services include inspection and internal coating services, and equipment for drill pipe, line pipe, tubing, casing, and pipelines; and the design, manufacture, and sale of coiled tubing pipe and fiberglass composite pipe for highly corrosive environments application. Its Distribution and Transmission segment provides pipe, maintenance, repair, and operating supplies and spare parts to drill site and production locations, pipeline operations, processing plants, and industrial facilities; procurement, materials management, and logistics services; and produces water transmission pipe, fabricated steel products, and specialized materials and products used in infrastructure projects. The company was founded in 1862 and is headquartered in Houston, Texas.

54,983 Employees
Last Reported Date: 02/14/14
Founded in 1862

national oilwell varco inc (NOV) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $750.0K
Executive Chairman
Total Annual Compensation: $975.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $650.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $550.0K
Chief Accounting Officer, Vice President and ...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

national oilwell varco inc (NOV) Key Developments

National Oilwell Varco Appoints Marcela E. Donadio to its Board of Directors

National Oilwell Varco announced that Marcela E. Donadio has been appointed to the National Oilwell Varco Board of Directors effective April 8, 2014. Donadio was Americas Oil & Gas Sector Leader of Ernst & Young LLP, from which she retired in March 2014.

National Oilwell Varco, Inc. Presents at IADC Drilling HSE&T Asia Pacific 2014 Conference & Exhibition, Apr-02-2014 01:30 PM

National Oilwell Varco, Inc. Presents at IADC Drilling HSE&T Asia Pacific 2014 Conference & Exhibition, Apr-02-2014 01:30 PM. Venue: Marina Bay Sands Expo & Convention Center, Singapore. Speakers: Erling Ekrene, Product Technical Manager.

National Oilwell Varco, Inc. to Reorganize into Four Financial Reporting Segments; Announces Management Changes

National Oilwell Varco, Inc. announced that it will reorganize into four financial reporting segments. The new segments will be Rig Systems, Rig Aftermarket, Completion & Production Solutions, and Wellbore Technologies. This reorganization will be effective April 1, 2014. The Company's Rig Systems group will continue to focus on designing and manufacturing discrete drilling equipment components, as well as building complete integrated drilling equipment packages for both land and offshore applications. The Company's Rig Aftermarket group will consist of the consumables, spares and service required to maintain the equipment components and packages for the useful lives of the assets. Mr. Joe Rovig has been promoted to President of both the Rig Systems and Rig Aftermarket segments. Mr. Rovig has over 34 years of experience in the oilfield, where he started out as a roughneck. Joe joined the Company in 2002 and has had several positions over the years, most recently as Senior Vice President, Offshore Drilling Equipment. The Completion & Production Solutions group will focus on improving wellbore completions, and oil and gas production technologies. This group will primarily serve well intervention service providers and oil and gas producers, and pursue opportunities around hydraulic fracture stimulation, wellbore intervention equipment, composite tubulars, pumps, floating production systems and subsea production technologies. Mr. Kirk Shelton has been promoted to President of Completion & Production Solutions. Kirk began his oil and gas career in 1980 with TRW Mission and has been the President of NOV Mission since 2007. The Company's Wellbore Technologies business group will direct its attention to enhancing drilling performance at the rig, both land and offshore, through category-leading downhole tools, bits, premium drill pipe, waste management services, solids control, drilling fluids, instrumentation, tubular inspection and tubular coating services. Mr. Fadi Michael Matta has been promoted to this group's President. Fadi joined the Company in 1991 as an engineer, later starting the Company's Middle East rig equipment business. Mr. Matta has been the President of NOV Downhole Tools for the last four years.

 

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Industry Analysis

NOV

Industry Average

Valuation NOV Industry Range
Price/Earnings 15.2x
Price/Sales 1.5x
Price/Book 1.6x
Price/Cash Flow 15.2x
TEV/Sales 1.3x
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