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Nov Inc - NOV STOCK NEWS

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 (NOV) delivers essential equipment and technology solutions for global energy sector operations. This news hub provides investors and industry professionals with timely updates on strategic developments, financial performance, and technological advancements shaping the oil and gas landscape.

Access curated press releases and analysis covering NOV's drilling systems innovations, partnership announcements, and quarterly earnings reports. Our repository simplifies tracking of operational milestones, leadership changes, and market expansion initiatives critical to understanding the company's trajectory.

Discover updates across key business areas including advanced drilling technologies, energy transition solutions, and global service network enhancements. Content is rigorously verified to ensure accuracy and relevance for both technical experts and general market observers.

Bookmark this page for streamlined access to NOV's latest corporate communications, regulatory filings, and industry commentary. Stay informed about the engineering developments and operational strategies driving one of energy's most established equipment providers.

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NOV Inc. establishes regional headquarters in Dammam, Saudi Arabia, emphasizing commitment to the region. The facility aims to enhance operational efficiency and strengthen market position by fostering collaboration with regional stakeholders. The ceremony highlighted collaborative efforts between NOV and the Ministry of Investment, focusing on driving economic growth and innovation in the energy sector.
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The press release regarding NOV has been deleted by the news provider.
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NOV Inc. (NYSE: NOV) declares a regular quarterly cash dividend of $0.05 per share of common stock, payable on March 28, 2024, to stockholders of record on March 14, 2024.
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NOV Inc. (NYSE: NOV) reported fourth quarter 2023 revenues of $2.34 billion, up 7% sequentially and 13% year-over-year. Net income was $598 million, including the release of valuation allowances on deferred tax assets of $485 million. Operating profit was $161 million. Adjusted EBITDA increased 10% sequentially to $294 million. Full year 2023 revenues were $8.58 billion, with net income of $993 million. The company's new products and technologies are seeing rising customer interest, and international and offshore markets point to rising demand for longer-cycle capital equipment businesses over the next several years.
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NOV Inc. (NYSE: NOV) announced the appointment of Patricia B. Melcher to its Board of Directors, effective January 17, 2024. Ms. Melcher, a Managing Partner of EIV Capital, brings decades of energy-focused private equity experience. With her extensive background in the energy industry, she is expected to provide valuable insights in capital allocation and governance to empower the energy industry to create value for NOV shareholders.
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NOV Inc. (NYSE: NOV) to hold conference call to discuss Q4 and full year 2023 results on February 2, 2024
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Ascent Industries Co. (Nasdaq: ACNT) has appointed John W. Johnson as president of Ascent Tubular, bringing over 20 years of leadership experience in global industrial-focused companies. With a proven track record of implementing successful transformation strategies, Mr. Johnson aims to drive improved financial performance for Ascent Tubular. His appointment reflects Ascent's commitment to strengthening operational leadership and driving profitability across the organization.
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NOV Inc. (NYSE: NOV) Declares $0.05 Quarterly Cash Dividend
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NOV Inc. announces the retirement of two presidents and a consolidation of reporting structure. The retirement of Isaac Joseph and Kirk Shelton will be effective December 31, 2023. NOV will consolidate its reporting structure into two segments: Energy Equipment and Energy Products and Services. Joe Rovig will lead the Energy Equipment segment, while Scott Livingston will serve as the President of Energy Supply and Services. The reorganization and appointments will be effective January 1, 2024.
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NOV Inc. reports Q3 2023 revenues of $2.19 billion, up 4% sequentially and up 16% YoY. Net income was $114 million, down $41 million sequentially and up $82 million YoY. Adjusted EBITDA increased to $267 million, up $22 million sequentially and up $72 million YoY. NOV expects working capital to normalize and positive free cash flow in Q4.
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Nov Inc

NYSE:NOV

NOV Rankings

NOV Stock Data

4.74B
375.70M
0.82%
105.29%
5.57%
Oil & Gas Equipment & Services
Oil & Gas Field Machinery & Equipment
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United States
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