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National Oilwell Varco Earnings Improve as Cost-Cutting Pays Dividends

TheMotleyFool

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National Oilwell Varco Earnings Improve as Cost-Cutting Pays Dividends

Oil price volatility continues to plague the oil industry. This unsteadiness is causing oil companies to remain cautious with capital spending, which is affecting the demand for oilfield equipment. That hurt National Oilwell Varco's (NYSE: NOV) sales in the third quarter. The energy company, however, is dealing with those turbulent conditions by reducing costs, which paid off during that period by boosting its underlying earnings and cash flow.

Metric

Q3 19

Source Fool.com

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