Last $83.62 USD
Change Today +1.13 / 1.37%
Volume 3.0M
As of 8:04 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

national oilwell varco inc (NOV) Snapshot

Open
$82.53
Previous Close
$82.49
Day High
$84.14
Day Low
$82.45
52 Week High
07/24/14 - $86.41
52 Week Low
08/20/13 - $63.43
Market Cap
36.0B
Average Volume 10 Days
2.6M
EPS TTM
$5.76
Shares Outstanding
430.2M
EX-Date
09/10/14
P/E TM
14.5x
Dividend
$1.84
Dividend Yield
1.48%
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.

national oilwell varco inc (NOV) Top Compensated Officers

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

national oilwell varco inc (NOV) Key Developments

National Oilwell Varco, Inc. Announces Management Changes, Effective October 1, 2014

National Oilwell Varco, Inc. announced that its Executive Vice President, General Counsel and Secretary, Dwight W. Rettig, plans to retire effective October 1, 2014, and that the company has chosen Craig L. Weinstock as his successor. Mr. Weinstock holds a B.A. from the State University of New York and a J.D. from Vanderbilt Law School. Before joining National Oilwell Varco, he practiced law at Locke Lord, LLP in Texas for 29 years counseling corporate boards and independent directors regarding governance, securities and compliance matters. While practicing with Locke Lord, Mr. Weinstock worked on behalf of National Oilwell Varco on a variety of matters. Since joining National Oilwell Varco in October 2013, Mr. Weinstock has served as National Oilwell Varco's Vice President, Chief Compliance Officer and Vice President of Internal Audit. Since joining the company in the early 1990's Mr. Rettig served in the legal department with increasing responsibility including General Counsel of the company's Distribution Services Group from 1998-1999, Vice President and General Counsel, corporate Secretary and more recently, as Executive Vice President.

National Oilwell Varco, Inc. Declares Regular Quarterly Dividend, Payable on September 26, 2014

National Oilwell Varco, Inc. announced that its board of directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on September 26, 2014 to each stockholder of record on September 12, 2014.

National Oilwell Varco, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Effective Tax Rate Guidance for the Year 2014

National Oilwell Varco, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $5,255 million compared to $4,680 million a year ago. Operating profit was $913 million compared to $713 million a year ago. Income before income taxes was $893 million compared to $712 million a year ago. Income from continuing operations was $609 million compared to $494 million a year ago. Net income was $620 million against $531 million a year ago. Net income attributable to company was $619 million or $1.44 diluted per share against $531 million or $1.24 diluted per share a year ago. Income from continuing operations diluted per share was $1.42 against $1.15 per share a year ago. EBITDA was $1,109 million against $928 million a year ago. EBITDA excluding non recurring items was $1,141 million compared to $985 million a year ago. Operating earnings per share non-GAAP was $1.61 against $1.39 per share a year ago. The company generated free cash flow, as operating cash flow less capital expenditures from continuing operations, of $610 million, which was a 69% increase sequentially. For the six months period, the company reported total revenue of $10,144 million compared to $9,056 million a year ago. Operating profit was $1,712 million compared to $1,397 million a year ago. Income before income taxes was $1,680 million compared to $1,376 million a year ago. Income from continuing operations was $1,157 million against $953 million a year ago. Net income was $1,209 million against $1,031 million a year ago. Net income attributable to the company was $1,208 million or $2.81 diluted per share compared to $1,033 million or $2.41 diluted per share a year ago. Income from continuing operations diluted per share was $2.70 against $2.24 per share a year ago. EBITDA was $2,113 million against $1,792 million a year ago. EBITDA excluding non recurring items was $2,163 million compared to $1,922 million a year ago. Operating earnings per share non-GAAP was $3.05 against $2.71 per share a year ago. The company expects an effective tax rate of 32% to 33% for the balance of 2014.

 

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