Why National Oilwell Varco Stock Is Slumping Today
Shares of National Oilwell Varco (NYSE: NOV) had tumbled more than 13% by 12:45 p.m. EDT on Tuesday. Cratering crude prices during the second quarter had a significant impact on National Oilwell Varco's financial results. National Oilwell Varco noted that industry conditions during the period were absolutely brutal.