National Oilwell Varco, Inc. Announces Recast Of New Reporting Segments

National Oilwell Varco, Inc. (NYSE: NOV) today announced that it has filed a Form 8-K with the Securities and Exchange Commission to present certain historical financial information related to its four new reporting segments.

National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, and the provision of oilfield services to the upstream oil and gas industry.

Statements made in this press release that are forward-looking in nature are intended to be “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These statements may differ materially from the actual future events or results. Readers are referred to documents filed by National Oilwell Varco with the Securities and Exchange Commission, including the Annual Report on Form 10-K, which identify significant risk factors which could cause actual results to differ from those contained in the forward-looking statements.

Copyright Business Wire 2010

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