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National Oilwell Varco Inc

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  • May 15- Warren Buffett's Berkshire Hathaway Inc on Friday said it has boosted its holdings in some of the billionaire's favorite companies, including Wells Fargo& Co and International Business Machines Corp.. Buffett has long praised his "Big Four" stock holdings Wells Fargo, IBM, Coca-Cola Co and American Express Co, which comprise roughly 58 percent of...

  • UPDATE 1-National Oilwell forecasts declining revenue Tuesday, 28 Apr 2015 | 8:32 AM ET

    April 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment maker, reported lower-than-expected quarterly revenue and forecast declining revenue for the next few quarters as weak oil prices reduce drilling activity. The company, which in February warned of a "severe downturn" in its business, said total backlog fell to $11.86 billion in the first...

  • National Oilwell profit drops 47 pct, hurt by charges Tuesday, 28 Apr 2015 | 7:12 AM ET

    April 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment maker, posted a 47.4 percent drop in quarterly profit, mainly hurt by $200 million in charges. Net income attributable to the company fell to $310 million, or 76 cents per share, in the first quarter ended March 31, from $589 million, or $1.37 per share, a year earlier. Revenue fell marginally to...

  • *Statoil cutting less in capex than any other major. OSLO, April 23- Norway's Statoil is cutting investments less than any other oil major this year, positioning for a crude price recovery but taking a risk should the slump be protracted. We are either euphoric or depressed, " Statoil Chief Economist Eirik Waerness said.

  • COLUMN-Does oil's rally put rebalancing at risk? Kemp Wednesday, 4 Feb 2015 | 9:52 AM ET

    LONDON, Feb 4- Brent crude prices rose almost 18 percent between Friday and Tuesday, despite the absence of real news, which should convince even the most ardent believers in market efficiency that oil trading is noisy and inefficient at processing new information. The oil research team at Morgan Stanley has written that the three-day rally is putting at risk a...

  • Tuesday's midday movers: Target, Lear, NYT & more Tuesday, 3 Feb 2015 | 1:01 PM ET
    NYSE New York Stock Exchange traders markets

    Take a look at some of Tuesday's midday movers:

  • National Oilwell warns of 'severe downturn' in 2015 Tuesday, 3 Feb 2015 | 12:40 PM ET
    Workers, bottom left, walk near National Oilwell Varco Inc. (NOV) oil duct reels at the Acu Port in Sao Joao da Barra, Brazil.

    National Oilwell Varco warned of a severe downturn in its business after orders for its drilling parts plunged nearly 90 percent.

  • Feb 3- Top U.S. oilfield equipment maker National Oilwell Varco Inc warned of a severe downturn in its business after orders for its drilling parts plunged nearly 90 percent, underscoring the extent of the spending cuts caused by the oil price slump. "Customers are delaying purchases of both capital and consumables wherever possible, seeking to conserve cash in...

  • Feb 3 (Reuters)- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, warned of a challenging market in 2015 after orders in its rig technology business plunged nearly 90 percent in the fourth quarter. Orders in the business, which makes rigs and drilling components, fell to $470 million from $3.61 billion in the quarter ended Dec. 31, from a year...

  • Feb 3- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported an 8 percent rise in quarterly revenue, helped by a strong backlog of orders for its rigs and drilling components. Net income attributable to the company fell to $595 million, or $1.39 per share, in the fourth quarter ended Dec. 31, from $658 million, or $1.53 per share, a year...

  • Cramer's game plan: Oil bottom is imminent Friday, 30 Jan 2015 | 6:12 PM ET
    An oil processing plant in Kawasaki, Japan, December 18, 2014.

    Jim Cramer is gearing up for earnings next week, especially the oil companies.

  • Trying to pick a bottom in energy stocks Wednesday, 17 Dec 2014 | 4:07 PM ET
    Traders on the floor of the New York Stock Exchange.

    Trying to pick a bottom in energy stocks: is this the time to go long?

  • These stocks set to pop the most on oil comeback Tuesday, 2 Dec 2014 | 7:01 AM ET
    Halliburton oil fracking

    Recent history shows that when oil has rallied more than 10 percent over a 30-trading-day period, oilfield service companies have benefited.

  • Other possible winners from the Halliburton deal Tuesday, 18 Nov 2014 | 3:13 PM ET
    A worker on a oil and gas drilling rig.

    A sale of parts of Halliburton's business to appease regulators could be a game-changer for smaller oilfield services companies, analysts say.

  • More stimulus coming after Japan GDP shocker? Monday, 17 Nov 2014 | 10:08 AM ET
    Shipping containers are loaded onto an international freighter at the international cargo terminal in Tokyo.

    Japan's economy unexpected fall into recession increases the likelihood of demands for further stimulus.

  • Stock market up, but there's underlying weakness Thursday, 30 Oct 2014 | 1:22 PM ET
    Traders work the floor of the New York Stock Exchange.

    Stocks are up despite weak market internals. Much of the Dow's gain is due to Visa and utilities are leading the S&P 500.

  • The devil is in the details on Q3 GDP upgrade Thursday, 30 Oct 2014 | 10:15 AM ET
    Traders on the floor of the New York Stock Exchange.

    The Federal Reserve upgraded its outlook for the U.S. economy, but business and real estate investment and personal consumption dropped.

  • Where a 4-star manager sees value in stocks Monday, 27 Oct 2014 | 1:28 PM ET
    The Microsoft Corp. logo is displayed at a launch event for the company's Windows 8.1 operating system in Tokyo.

    A couple of old-tech stocks offered a good deal of value, portfolio manager Matthew McLennan says.

  • Earnings picture in the energy sector looks grim Monday, 27 Oct 2014 | 5:23 AM ET
    Traders work on the floor of the New York Stock Exchange.

    After energy shares led the recent stock market selloff, investors are eyeing earnings to see if the sector can pull itself out of the pit.

  • New energy company attracts Cramer’s attention Wednesday, 20 Aug 2014 | 6:43 PM ET
    Natural gas pipelines

    If you’re looking for niche play on the energy renaissance, Cramer thinks this stock may belong on your radar.