Welcome to our dedicated page for Nov news (Ticker: NOV), a resource for investors and traders seeking the latest updates and insights on Nov stock.
NOV Inc. (NYSE: NOV) is an energy technology company that frequently reports developments through earnings releases, strategic announcements, and collaboration news. This news page aggregates updates about NOV’s operations, financial performance, technology deployments, and corporate actions, giving investors and industry observers a single place to review the company’s disclosed information.
Recent news items include quarterly earnings reports that discuss revenues, segment performance for Energy Products and Services and Energy Equipment, bookings and backlog trends, cash flow generation, and capital returns through dividends and share repurchases. These releases often highlight how global drilling activity, offshore investment, natural gas developments, and macroeconomic conditions influence NOV’s results and outlook.
NOV also issues news about its technology achievements and project awards. Examples include contracts for monoethylene glycol reclamation and recovery systems, flexible riser and flowline systems for deepwater projects, Submerged Swivel and Yoke systems for floating LNG, and automation and digital packages for land and offshore rigs. The company reports milestones in drilling performance, deployment of robotic systems such as ATOM RTX, and adoption of its Max Platform, NOVOS process automation, and other digital tools.
Strategic collaborations and portfolio actions are another key news theme. NOV has announced the sale of its advanced nuclear development company Shepherd Power to Natura Resources, becoming an investor in Natura and signing a memorandum of understanding to support the supply chain for advanced molten salt SMR technology. It has also publicized a collaboration with Armada to integrate AI-powered edge computing via the Beacon device at industrial sites.
Corporate governance and capital allocation updates, such as leadership succession plans, board appointments, and regular quarterly dividends, are disclosed through press releases and SEC-related announcements. Readers who follow NOV news can monitor how the company’s technology, project wins, partnerships, and financial decisions evolve over time.
NOV reported Q2 2022 revenues of $1.73 billion, a 12% sequential increase and 22% year-over-year growth. Net income stood at $69 million or $0.18 per diluted share, while operating profit reached $68 million. Adjusted EBITDA climbed to $150 million, reflecting a significant increase. The company secured $670 million in orders, achieving a book-to-bill ratio of 117%. The Wellbore Technologies segment saw substantial growth, with revenues up 10% sequentially and 44% year-over-year. Despite challenges in supply chains and inflation, NOV continues to meet rising market demand.
NOV Inc. (NYSE: NOV) will hold a conference call to discuss its second quarter 2022 results on July 28, 2022, at 10 a.m. CT. The results will be released after market close on July 27, 2022. The conference call will be webcast live and available on the company’s investor relations page.
With over 150 years in the energy sector, NOV provides technology-driven solutions aimed at enhancing oilfield operations while promoting sustainability in energy production.
NOV Inc. (NYSE: NOV) declared a quarterly cash dividend of $0.05 per share, payable on June 24, 2022, to stockholders of record on June 10, 2022. This decision reflects the company's commitment to returning value to its shareholders. NOV has over 150 years of experience in delivering technology-driven solutions to the energy industry, focusing on safe energy production while minimizing environmental impact. Their expertise supports advancements towards a sustainable energy future.
NOV reported Q1 2022 revenues of $1.55 billion, up 24% year-over-year, while net loss was $50 million or 3.2% of sales. Adjusted EBITDA rose to $103 million, representing 6.7% of sales. The Wellbore Technologies segment generated$608 million in revenue, up 47% year-over-year. Despite challenges in Completion & Production Solutions, backlog increased 68% year-over-year to $1.36 billion. The company also secured significant contracts in both wind and oil sectors, demonstrating a strong market position.
NOV Inc. (NYSE: NOV) will hold a conference call on April 29, 2022, at 10 a.m. Central Time to discuss its first quarter 2022 results. The press release detailing the results will be issued after market close on April 28, 2022. The call will be available for live webcast on NOV's investor relations website.
With over 150 years of experience, NOV provides technology-driven solutions to the global energy industry, focusing on safety, efficiency, and sustainability in oilfield operations.
NOV Inc. (NYSE: NOV) has declared a regular quarterly cash dividend of $0.05 per share, set to be paid on March 25, 2022. Stockholders on record as of March 11, 2022 will receive this dividend. The company emphasizes its commitment to providing technology-driven solutions for the global energy industry, aiming to enhance safety and minimize environmental impact.
NOV Inc. (NYSE: NOV) reported Q4 2021 revenues at $1.52 billion, up 13% sequentially and 14% year-over-year. The net loss was $40 million, affected by COVID-19 and supply chain challenges. Full-year revenues were $5.52 billion, with a net loss of $250 million. Key segments showed growth: Wellbore Technologies rose 14% Q/Q and 54% Y/Y; Completion & Production Solutions increased 15% Q/Q. However, Rig Technologies faced a decline of 1% Y/Y. NOV's backlog for key segments is strong, with continued customer demand amid rising energy prices.
NOV Inc. (NYSE: NOV) will hold a conference call on February 4, 2022, at 10 a.m. (Central Time), to discuss its fourth quarter 2021 results. A press release with the financial results will be issued after market close on February 3, 2022. The call will be available via live webcast on www.nov.com/investors. NOV has over 150 years of experience in providing technology-driven solutions to the energy industry, focusing on enhancing oilfield operations and promoting sustainability.
LP Building Solutions (NYSE: LPX) announced the appointment of Jose A. Bayardo to its Board of Directors, effective immediately. Bayardo, currently the CFO at NOV Inc. (NYSE: NOV), brings extensive experience in finance, strategic planning, and corporate transformations. CEO Brad Southern highlighted Bayardo's insights as pivotal for executing the company's transformation strategy. Bayardo holds degrees from prestigious universities and has a background in investment banking and leadership roles in multiple companies.
NOV Inc. (NYSE: NOV) has reinstated its regular quarterly cash dividend of $0.05 per share, reflecting the company's commitment to returning capital to shareholders and confidence in its business recovery. The dividend is payable on December 17, 2021, to stockholders of record as of December 3, 2021.
This decision highlights NOV's focus on financial stability and growth in the energy sector, leveraging over 150 years of experience to drive innovations that support sustainable energy production.