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NOV Provides Operational Update for Q1 2021

Nabors Announces Fourth Quarter 2020 Results News provided by Share this article Share this article HAMILTON, Bermuda, Feb. 23, 2021 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported fourth quarter 2020 operating revenues of $443 million, compared to operating revenues of $438 million in the third quarter of 2020. The net loss from continuing operations attributable to Nabors common shareholders for the quarter was $112 million, or $16.46 per share. The fourth quarter included $162 million of pretax gains from debt exchanges and repurchases, partia...

Operator Good day, ladies and gentlemen, and welcome to the NOV Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions] I would now like to introduce your host for today's conference, Mr. Blake McCarthy, Vice President of Corporate Development and Investor Relations. Sir, you may begin. Blake McCarthy -- Vice President, Corporate Development and Investor Relations Welcome everyone to NOV's fourth quarter 2020 earnings conference call. With me today are Clay Williams, our Chairman, President and CEO; and Jose Bayardo, our Senior Vice President and CFO. Before we begin, I would l...

Press release content from Business Wire. The AP news staff was not involved in its creation. NOV Reports Fourth Quarter and Full Year 2020 Results February 4, 2021 GMT HOUSTON--(BUSINESS WIRE)--Feb 4, 2021-- NOV Inc. (NYSE: NOV) today reported fourth quarter 2020 revenues of $1.33 billion, a decrease of four percent compared to the third quarter of 2020 and a decrease of 42 percent compared to the fourth quarter of 2019. Net loss for the fourth quarter of 2020 was $347 million, or -26.1 percent of sales, which included non-cash, pre-tax charges (“Other Items”, see Other Corporate Items f...

NOV CEO Calls Renewables Options ‘Greatest Economic Opportunity of This Century’ The oil and gas industry is tethered until Covid-19 is a bitter memory, but the time is now to pursue more renewable opportunities in the oilfield services sector, NOV Inc. CEO Clay Williams said Friday. Like its peers and exploration and production (E&P) customers, the downturn will continue in the energy industry “until the world gets past the wreckage of Covid,” Williams said during a conference call to discuss fourth quarter results. The CEO, who often shares a blunt assessment each quarter with inves...