NOV to Repurchase $3.0 Billion in Shares
National Oilwell Varco, Inc. announced that its Board of Directors has authorized a share repurchase program to purchase up to $3 billion of the company's outstanding common stock.
Clay C. Williams, National Oilwell Varco’s Chairman, President and CEO, commented: "This authorization comes after several months of careful consideration and reflects the Company’s strong financial condition, and the confidence that we have in our future business outlook. We are pleased that the continued execution of a solid business model has resulted in strong operating cash flow that enables us to continue to invest in strategic growth opportunities, while simultaneously returning capital to shareholders through both a healthy dividend and a share repurchase program."
United States Related Financings
| Announced Date | Title | Company | Value($MM) | Financing Type |
|---|---|---|---|---|
| 2021-03-10 | ConocoPhillips Launches $1.5B Share Buyback Program | ConocoPhillips | 1,500 | Buy Back |
| 2019-10-07 | Conoco to Buy Back $3.0 Billion Worth of Shares in 2020 | ConocoPhillips | 3,000 | Buy Back |
| 2019-10-01 | Superior Energy Services Plans $15MM Stock Buyback | Superior Energy Services, Inc. | 15 | Buy Back |
| 2019-05-22 | FTS International to Buyback $100 Million in Stock | FTS International Inc. | 100 | Buy Back |