National Oilwell Varco 2009 Annual Report Download - page 77

Download and view the complete annual report

Please find page 77 of the 2009 National Oilwell Varco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 163

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163


3"#3,-)"(&-'3"#,%%4&-),6.$-'.2("%?&#",-*+%.*$#'7,%%,-'&"(,%",(2.88.7(/&-6&88&.-(1
,8,-#",'"#"60"%9 D

  
"'+%.?&(&.-(2.%7,%%,-'&"(&(($"**$%&-)'3"4",%

6.$-'(&-#$%%"*
/
1
.%"&)-#$%%"-#4'%,-(8,'&.-
/
1
  
,8,-#",'"#"60"%9 D

  
"'+%.?&(&.-(2.%7,%%,-'&"(&(($"**$%&-)'3"4",%

6.$-'(&-#$%%"*
/
1
.%"&)-#$%%"-#4'%,-(8,'&.-,-*.'3"%

  
,8,-#",'"#"60"%9 D

  
$
3"8&,0&8&'46"'3.*&($("*'.,##.$-'2.%&-#.6"',<"("2"%%"*',<,(("'(,-*8&,0&8&'&"(,%"*"'"%6&-"*0,("*.-*&22"%"-#"(0"'7""-'3"2&-,-#&,8
%"+.%'&-),-*',<0,(&(.2,(("'(,-*8&,0&8&'&"(,-*,%"6",($%"*$(&-)'3""-,#'"*',<%,'"('3,'7&880"&-"22"#'73"-'3"*&22"%"-#"(,%""<+"#'"*'.%"?"%("
E,8$,'&.-,88.7,-#"(,%""(',08&(3"*73"--"#"((,%4'.%"*$#"*"2"%%"*',<,(("'('.,6.$-'(73&#3,%"6.%"8&5"84'3,--.''.0"%",8&L"*
%%+
>")%,-'#%"*&''..$%#$('.6"%(973&#3.+"%,'"+%&6,%&84&-'3".&8,-*),(&-*$('%4.-#"-'%,'&.-(.2#%"*&'%&(5,%"8&6&'"*0"#,$("7"3,?",8,%)"
-$60"%.2)".)%,+3&#,884*&?"%("#$('.6"%(9'3$((+%",*&-)'%,*"#%"*&'%&(5>"#.-'%.8#%"*&'%&(5'3%.$)3#%"*&'"?,8$,'&.-(9#%"*&'8&6&'(,-*6.-&'.%&-)
+%.#"*$%"(>"+"%2.%6+"%&.*&##%"*&'"?,8$,'&.-(.2.$%#$('.6"%(@2&-,-#&,8#.-*&'&.-,-*)"-"%,884*.-.'%";$&%"#.88,'"%,890$'6,4%";$&%"8"''"%(.2
#%"*&'2.%#"%',&-&-'"%-,'&.-,8(,8"(%"*&'8.(("(,%"+%.?&*"*2.%&-'3"2&-,-#&,8(','"6"-'(88.7,-#"(2.%*.$0'2$8,##.$-'(,%"*"'"%6&-"*0,("*.-,
#.-'&-$.$(+%.#"((.2,(("((&-)'3".6+,-4@(+.%'2.8&..-,-&-*&?&*$,8#$('.6"%0,(&(',5&-)&-'.,##.$-'#$%%"-'6,%5"'#.-*&'&.-(,-*'%"-*(3&(
+%.#"((#.-(&('(.2,'3.%.$)3%"?&"7.23&('.%&#,8#.88"#'&.-"<+"%&"-#"9#$%%"-',)&-)(','$(.2'3"#$('.6"%,##.$-'(9,-*2&-,-#&,8#.-*&'&.-.2'3"
.6+,-4@(#$('.6"%( ,("*.-,%"?&"7.2'3"("2,#'.%(9'3".6+,-47&88"(',08&(3.%,*=$(',88.7,-#"(2.%(+"#&2&##$('.6"%(##.$-'(%"#"&?,08",%"
-"'.2,88.7,-#"(2.%*.$0'2$8,##.$-'(.2,++%.<&6,'"84D6&88&.-,-*D6&88&.-,'"#"60"%9,-*9%"(+"#'&?"84
+50%
.6+"-(,'&.-"<+"-("2.%'3".6+,-4@(('.#50,("*#.6+"-(,'&.-+8,-(&(6",($%"*$(&-)'3"2,&%?,8$"6"'3.*%";$&%"*04.+&#
A.6+"-(,'&.-M'.#5.6+"-(,'&.-B/A.+&#B1-*"%'3&()$&*,-#"'3"2,&%?,8$".2('.#5.+'&.-)%,-'(,-*%"('%&#'"*('.#5&(,6.%'&L"*'.
"<+"-("$(&-)'3"('%,&)3'8&-"6"'3.*.?"%'3"(3.%'"%.2'3"?"('&-)+"%&.*.%'3"%"6,&-&-)"6+8.4""("%?&#"+"%&.*
3".6+,-4+%.?&*"(#.6+"-(,'&.-0"-"2&'('."6+8.4""(,-*-.-"6+8.4""*&%"#'.%($-*"%(3,%"0,("*+,46"-',%%,-)"6"-'(9&-#8$*&-)?,%&.$(
"6+8.4""('.#5.+'&.-+8,-(
.',8#.6+"-(,'&.-#.(''3,'3,(0""-#3,%)"*,),&-('&-#.6"2.%,88(3,%"0,("*#.6+"-(,'&.-,%%,-)"6"-'(7,(D6&88&.-9D6&88&.-,-*D6&88&.-
2.%9,-*9%"(+"#'&?"843"'.',8&-#.6"',<0"-"2&'%"#.)-&L"*&-'3"&-#.6"(','"6"-'2.%,88(3,%"0,("*#.6+"-(,'&.-,%%,-)"6"-'(7,(
D6&88&.-9D6&88&.-,-*D6&88&.-2.%9,-*9%"(+"#'&?"84

