National Oilwell Varco Inc. (NYSE: NOV), Houston, TX, has combined its rig systems and rig aftermarket reporting segments into a single segment called rig technologies during the fourth quarter of 2017.
The restructuring will align operations with the current and anticipated market environments, reducing administrative burden and eliminating reported intercompany transactions between rig technologies’ capital equipment and aftermarket operations. The company will report fourth quarter and full-year results in the new format on February 5, 2018.
