Financial Performance - The backlog for Completion & Production Solutions as of December 31, 2020, was $0.7 billion, down from $1.3 billion in 2019 and $0.9 billion in 2018[51] - The backlog for Rig Technologies as of December 31, 2020, was $2.7 billion, compared to $3.0 billion in 2019 and $3.1 billion in 2018[51] - The company reported foreign currency losses of $2 million, $36 million, and $52 million for the years ended December 31, 2020, 2019, and 2018, respectively[215] - The company estimates that a hypothetical 10% movement in foreign currency exchange rates could affect net income by $40 million and Other Comprehensive Income by $29 million[215] Workforce and Diversity - The company has a global workforce of 27,631 employees, with 35% based in the United States and 25% in Europe[52] - The company maintains a diverse workforce, with women making up 16% of all employees and 20% of the C-Suite[59] Safety and Operational Programs - The company has implemented various safety programs, including Stop Work Authority and Life Saving Rules, to enhance workplace safety[55] Material Costs - The company has experienced rising prices for specialty alloy materials, driven primarily by increases in the price of alloying agents[50] Borrowings and Financial Strategy - As of December 31, 2020, long-term borrowings totaled $1,764 million, consisting of $1,089 million in 3.95% Senior Notes, $493 million in 3.60% Senior Notes, and $182 million in 2.60% Senior Notes[216] - The company has no commercial paper borrowings and no borrowings against its revolving credit facility[216] - The credit facility may involve borrowings in multiple currencies, exposing the company to market risk from exchange rate movements[216] - Interest rates on borrowings under the credit facility are based on a spread over LIBOR, NIBOR, or CDOR, or at the U.S. prime rate[216] - The company can fix the interest rate for certain borrowings for periods ranging from 30 days to six months[216] - The company aims to maintain a portion of its debt in variable rate borrowings for flexibility in early repayment without penalties[216] - Variable rate borrowings are expected to lower overall costs compared to fixed-rate borrowings[216] Spending Trends - The company has seen a pronounced level of spending during the fourth quarter, which it attributes to annual budgetary cycles[45]

National Oilwell Varco, Inc. (NYSE:NOV) Q4 2020 Earnings Conference Call February 5, 2021 11:00 AM ET Company Participants Blake McCarthy - Vice President, Corporate Development & Investor Relations Clay Williams - Chairman, President & Chief Executive Officer Jose Bayardo - Senior Vice President & Chief Financial Officer Conference Call Participants Sean Meakim - JPMorgan Chase & Co. James West - Evercore ISI George O'Leary - Tudor, Pickering, Holt & Co. Chase Mulvehill - Bank of America Operator Good day, ...

National Oilwell Varco, Inc. (NYSE:NOV) Q3 2020 Earnings Conference Call October 27, 2020 11:00 AM ET Company Participants Blake McCarthy - VP, Corporate Development & IR Clay Williams - Chairman, President & CEO Jose Bayardo - SVP & CFO Conference Call Participants Bill Herbert - Simmons Thomas Moll - Stephens Inc. Kurt Hallead - RBC Capital Markets George O'Leary - Tudor, Pickering, Holt & Co. Sean Meakim - JPMorgan Chase & Co. Operator Good day, ladies and gentlemen, and welcome to the National Oilwell V ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-12317 NATIONAL OILWELL VARCO, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delawar ...

National Oilwell Varco, Inc. (NYSE:NOV) Q2 2020 Earnings Conference Call July 28, 2020 11:00 AM ET Company Participants Blake McCarthy - VP of Corporate Development & Investor Relations Clay Williams - President, Chairman & CEO Jose Bayardo - SVP & CFO Conference Call Participants Bill Herbert - Simmons Energy Tommy Moll - Stephens George O'Leary - TPH and Company Chase Mulvehill - Bank of America Sean Meakim - JPMorgan Operator Good day, ladies and gentlemen, and welcome to the National Oilwell Varco Secon ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-12317 NATIONAL OILWELL VARCO, INC. (Exact name of registrant as specified in its charter) Delaware 76-0475815 (State or other jurisdiction of incorporation or organi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-12317 NATIONAL OILWELL VARCO, INC. (Exact name of registrant as specified in its charter) Delaware 76-0475815 (State or other jurisdiction of incorporation or organ ...

National Oilwell Varco, Inc. (NYSE:NOV) Q1 2020 Earnings Conference Call April 28, 2020 11:00 AM ET Company Participants Blake McCarthy - VP, Corporate Development & IR Clay Williams - Chairman, President & CEO Jose Bayardo - SVP & CFO Conference Call Participants William Herbert - Simmons & Company International Thomas Moll - Stephens Inc. Kurt Hallead - RBC Capital Markets Sean Meakim - JPMorgan Chase & Co. George O'Leary - Tudor, Pickering, Holt & Co. Operator Good day, ladies and gentlemen, and welcome ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE YEAR ENDED DECEMBER 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-12317 NATIONAL OILWELL VARCO, INC. (Exact name of registrant as specified in its charter) 7909 Parkwood Circle Drive Houston, Texas 77036-6565 (Address of principal executive o ...

National Oilwell Varco, Inc. (NYSE:NOV) Q4 2019 Earnings Conference Call February 7, 2020 11:00 AM ET Company Participants Blake McCarthy - VP, Corporate Development & IR Clay Williams - Chairman, President & CEO Jose Bayardo - SVP & CFO Conference Call Participants Byron Pope - Tudor, Pickering, Holt & Company Tommy Moll - Stephens Inc. Chase Mulvehill - Bank of America Scott Gruber - Citigroup Kurt Hallead - RBC Capital Markets Sean Meakim - JPMorgan Vebs Vaishnav - Scotiabank Operator Good day, ladies an ...