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The BusinessWeek 50 Ranking

27

National Oilwell Varco

PICK APART A drilling rig, and you’ll find dozens of products made by National Oilwell Varco, including specialized motors, pumps, and cranes. The surge in exploration and production spending is leading to gushing profits for this Houston company, which was formed from the merger of the oil field products businesses of steelmakers USX Corp. and Armco Inc. in 1987. Net income more than doubled in 2005, to $287 million. National Oilwell has been quite savvy about exploiting new opportunities for growth, including last year’s $2 billion acquisition of rival Varco International.

Company Info

2005 Rank

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COMPANY INFO

NOV

Market Value
$ Million

10,615.2

Total Return
$ Million
(1-yr.) 34.3
(3-yr.) 170.6
2005 Sales
$ Billion

4.6

Sales Growth
$ Million
(1-yr.) 100
(3-yr.) 41.8
Long-Term Growth Est. %

25.0

Net income
$ Million

286.9

Net Income Growth
$ Million
(1-yr.) 149
(3-yr.) 57.0
Net Margin %*

6.2

Return on Inv. Capital (%)*

5.7

Share Price
12-Mo. Hi/Lo

78/39

P/E Ratio

34

Industry Energy
CORPORATE WEB SITE
More in S&P 500 Companies Scoreboard >
*Trailing 12 months
Company data as of 2/28/06 provided by Standard & Poor's Compustat

Merrill A.

Merrill A. "Pete" Miller Jr., 55

CEO since 2001




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