National Oilwell Varco, Inc. is a Delaware-based company that specializes in providing equipment and services to the oil and gas industry. With its principal executive offices located in Houston, Texas, the company operates in the Rig Technologies segment, which combines its Rig Systems and Rig Aftermarket reporting segments. The restructuring aims to streamline operations, reduce administrative burden, and eliminate intercompany transactions, ultimately aligning the company with the current and anticipated market environments.
As a leading provider in the industry, National Oilwell Varco offers a wide range of products and services, including capital equipment and aftermarket operations. The company's focus on innovation and efficiency allows it to deliver high-quality solutions to its customers. With its upcoming financial reporting in the new format, National Oilwell Varco continues to demonstrate its commitment to adapt to the changing needs of the oil and gas sector.
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