So, If all of the cost savings/ reorg have to be in place by Jan 1st. When are the layoffs coming ?

Any facilities other than Conroe not get paid?

How did the market react to the retirements and reorganisation of the company?

Now if the Chief Elfecutive Officer could retire as well, that would be greaaaaaat.

If you find an issue with something/anything not in compliance, be very careful with how you bring it up. Even to your boss. There’s a more than great chance that they will not see it as helpful, and will work with HR for your removal. This has... —  read more 

She’s going down fast boys. Inspection has no work. Every time I go to the tower, you can feel it in the air. SMT stays in their little meanings but come out with no solutions.

I think NOV’s management needs to be removed. The CEO has got his strategy wrong, the CFO is cost cutting to make margins and pay out bonuses, the Presidents are all just waiting for the stock price to hit $50 to cash out, the CAO is a puppet with no... —  read more 

As I find myself dwindling down to my last few weeks at this 800 pound green gorilla, I feel like I should leave a playbook for my predecessors. First of all none of you will ever be as good as the Coach so just get that out of your head! Now that... —  read more 

There is a rumour that sites in the uk won’t be paid wages this month or next month and the mixer side is up for sale for free as long as you pay it’s debtors off in full

Seems they only offered them to Americans?

Once upon a time, in a place where people worked together, there was a very sad and dark situation. It was like a spooky realm where bad things were happening. Imagine it like a storybook land with villains, but these villains weren't monsters – they... —  read more 

VERPs just hit and we are about to lose some good folks. As slow as it is, I'll put this next NO OT paycheck on layoffs coming next. When is the dr-g test lady scheduled for again?

Severance packages have gone out to over 10 guy at the facility. Random Dr-g tests were done last week. I feel a layoff incoming.

Amidst the apprehensions surrounding the recent cost-cutting initiatives, it is important to recognize that these measures are strategically implemented to fortify our financial standing, ensuring sustained success in the long run. It is vital to... —  read more 

Between 2015 and 2022 the oil and gas business went through a particularly difficult downturn according to our CEO. Coincidentally, our CEO started his tenure immediately before this period and he is ultimately responsible for a large overall loss... —  read more 

Heard rumors about a VERP going around. Does anyone know what the qualification requirements are?

As of lately there has been a good amount of hard working people leaving this company. Guessing they have finally seen what we’ve known for years, that real opportunities exist outside this toilet run co and other companies will no doubt treat them... —  read more 

The biggest waste of company money and office space there is! What do half the people who work there do? Thw service techs and shop guys are the only ones who make money for the company, the rest are just leaching off the bottom line! To bad most of... —  read more 

Increases are out for the year. If you did not get one or it has been years since you got one and did not get one this year, just quit. Don't let them tell you nobody got anything. Just putting this out there in case it was not common knowledge. Oh... —  read more 

What’s with this place? No drive from anyone in management. No new business development. Just sit and pray that our legacy customers keep coming back and renting our outdated inspection equipment. I’ve only been here for a bit over a year but this... —  read more 

What are they playing at here? It's a disaster, a disgrace!!!!!!!!!!!!

This is gonna be good

ISO mentor with specific characteristics and traits such as: fashion guru, must love SAS shoes loves to show up at events..golf tournaments, fishing tournaments, shooting tournaments, conferences, and etc. must be willing to give fake title to... —  read more 

They got a 5.99 dollar hat this year , employee appreciation, instead of a raise. RD ...NOT APPRECIATED, no hat. Better than last year....nobodies gots nada. Really, how come no cost of living...ever??? This is the Nov model?? I think I wasted 5... —  read more 

With Q1 numbers out and not meeting expectations, NOV needs to cut cost, there will be management and overhead position changes happening soon! If you don't actually bring in money for the group your job is at risk! First there will be dr-g test... —  read more 

Will Tuboscope be having its annual shrimp boil 5/2?

$2 down since Q1 results what is going on in NOV world ?

I've heard rumors the shop hands are in talks with a local union reps to try and take a vote for the Bammel repair floor The union rep says he believes from what he has been told by multiple employees on the shop floor. He has enough votes to adopt... —  read more 

Anyone get a raise yet? When? How long ago?

Seriously, I don’t think it’s worth posting anymore. The company is just an avenue for good ole boys n gals to make money. Yes, the quarterly bonuses are great…but something is seriously wrong.

Really?

Hahaha. Anyone see the email trail through JDE. Some id--t sent a mass email to all users lol then people keep replying to remove them. Ah the idiocy

HOW IS THIS BUSINESS UNIT STILL OPERATING. NO INVENTORY PRICES ARE THROUGH THE ROOF. CUSTOMERS ARE CUTTING US OFF EVERY WEEK DUE TO ZERO INVENTORY. i SHOULD HAVE KNOWN BETTER THAN TO COME OVER TO THIS SIDE OF THE BUSINESS.

Seriously, what needs to happen for our great company to rise again? I look at Weatherford and I just don’t get it . Leadership? Too much overheads?

Any new info?

Revenues for the full year 2022 were $7.24 billion, an increase of $1.71 billion, or 31%, compared to full year 2021. Net income for the full year 2022 was $155 million, or 2.1 percent of sales, which included $114 million of pre-tax Other Items... —  read more 

Is CaPs being integrated into RIG ? Heard it being discussed in a Parkwood John and one of the guys talking reports to Clay

Analysts estimate $.23 per share. There is no way NOV will achieve this.

If so, could they throw in some hash browns?