5 Things National-Oilwell Varco, Inc.'s CEO Wants You to Know About Its Future

National Oilwell Varco (NYSE: NOV) recently reported another quarter of improving financial results. That came in spite of several headwinds, including a decline in the price of oil, which caused drilling activities in the U.S. to fall, taking equipment spending with it. As a result, two of its segments unexpectedly stepped backward last quarter.

Given that backdrop, CEO Clay Williams spent some time on the accompanying conference call giving investors a glimpse at what the company sees up ahead. Overall, he made five points about the industry's direction and what that means for the company.

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Source: Fool.com