Tag Archives: Clay Williams

The Time Is DNOW! National Oilwell Varco Completes Spinoff of NOW Inc

National Oilwell Varco (NOV) completed the spinoff of its distribution company, NOW Inc (DNOW) last week. The new company trades under the ticker ‘DNOW’ and NOV shareholders should have received 1 share of the new company for every 4 NOV shares owned. The spin was completed after the close at the end of May, but today will mark… Read More »

National Oilwell Varco Details Post-Spin Succession Plan

National Oilwell Varco (NOV) recently announced plans to spin off its distribution business to shareholders sometime in the first half of next year. Its MRO business won’t be the only thing leaving the company though, as current Chairman and CEO Merill ‘Pete’ Miller will be stepping down from his post and joining the new company as Executive Chairman.… Read More »