National Oilwell Varco 2009 Annual Report Download - page 94
Download and view the complete annual report
Please find page 94 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.
%"#.-#&8&,'&.-.2'3"0")&--&-),-*"-*&-),6.$-'.2$-%"#.)-&L"*',<0"-"2&'(&(,(2.88.7(/&-6&88&.-(1
!""%!"":!""6
-%"#.)-&L"*',<0"-"2&','0")&--&-).24",% D
D
D
**&'&.-(0,("*.-',<+.(&'&.-(%"8,'"*'.'3"#$%%"-'4",%
**&'&.-(2.%',<+.(&'&.-(.2+%&.%4",%(
M
"*$#'&.-(2.%',<+.(&'&.-(.2+%&.%4",%( /1
/1
/
1
"''8"6"-'(
M
M
/
1
"*$#'&.-(2.%8,+(".2,++8&#,08"(','$'"(.28&6&','&.-( /1
M
M
-%"#.)-&L"*',<0"-"2&','"-*.24",% D
D
D
3".6+,-4*."(-.',-'&#&+,'"'3,''3"'.',8$-%"#.)-&L"*',<0"-"2&'(7&88(&)-&2&#,-'84#3,-)"*$"'.'3"("''8"6"-'.2,$*&'(.%'3""<+&%,'&.-.2(','$'"(
.28&6&','&.-7&'3&-6.-'3(.2'3&(%"+.%'&-)*,'"
.'3""<'"-'+"-,8'&"(,-*&-'"%"('7.$8*0",(("(("*.-,-4$-*"%+,46"-'.2&-#.6"',<9($#3,##%$"*,6.$-'(3,?"0""-#8,((&2&"*,(,#.6+.-"-'.2
&-#.6"',<"<+"-("&-'3"2&-,-#&,8(','"6"-'(3&(&(,-,##.$-'&-)+.8"8"#'&.-6,*"04'3".6+,-4'3,'&(,#.-'&-$,'&.-.2'3".6+,-4@(3&('.%&#,8
+.8,-*7&88#.-'&-$"'.0"#.-(&('"-'84,++8&"*&-'3"2$'$%"$%&-)'3"4",%"-*"*"#"60"%99'3".6+,-4%"#.)-&L"*D6&88&.-.2,**&'&.-,8
&-'"%"(',-*+"-,8'&"(%"8,'"*'.$-#"%',&-',<+.(&'&.-(,(+,%'.2&-#.6"',<"<+"-("(.2"#"60"%99'3".6+,-43,(,##%$"*,++%.<&6,'"84
D6&88&.-.2&-'"%"(',-*+"-,8'&"(%"8,'&-)'.$-%"#.)-&L"*',<0"-"2&'(3"("&-'"%"(',-*+"-,8'&"(,%"&-#8$*"*&-'3"0,8,-#".2##%$"*-#.6",<"(
&-'3"0,8,-#"(3""',(.2"#"60"%9
3".6+,-4&(($0="#''.',<,'&.-&-'3"-&'"*','"(9?,%&.$((','"(,-*2.%"&)-=$%&(*&#'&.-(3".6+,-43,((&)-&2&#,-'.+"%,'&.-(&-'3"-&'"*
','"(9,-,*,9'3"-&'"*&-)*.69'3""'3"%8,-*(,-*.%7,4,<4",%('3,'%"6,&-($0="#''."<,6&-,'&.-046,=.%',<=$%&(*&#'&.-(?,%4048"),8
"-'&'490$',%")"-"%,884.+"-&-'3"2.%'3"',<4",%("-*&-),2'"%,-*.$'(&*"'3"2.%'3"',<4",%("-*&-),2'"%
-'3"-&'"*','"(9'3".6+,-43,(D6&88&.-.2-"'.+"%,'&-)8.((#,%%42.%7,%*(,(.2"#"60"%9973"<+&%",'?,%&.$(*,'"('3%.$)3
3"+.'"-'&,80"-"2&'.2D6&88&.-3,(0""-%"#.%*"*7&'3,D6&88&.-?,8$,'&.-,88.7,-#"$'$%"&-#.6"',<+,46"-'(7&880"%"*$#"*73"-'3".6+,-4
$8'&6,'"84%",8&L"('3"0"-"2&'.2'3"("-"'.+"%,'&-)8.(("(2'3".6+,-4$8'&6,'"84%",8&L"('3"0"-"2&'.2'3"("-"'.+"%,'&-)8.((#,%%42.%7,%*(9'3"
?,8$,'&.-,88.7,-#".2D6&88&.-7.$8*%"*$#"2$'$%"&-#.6"',<"<+"-("
8(.&-'3"-&'"*','"(9'3".6+,-43,(D6&88&.-.2"<#"((2.%"&)-',<#%"*&'(,(.2"#"60"%9973"<+&%",'?,%&.$(*,'"('3%.$)3
3"("#%"*&'(3,?"0""-,88.''"*,2$88?,8$,'&.-,88.7,-#",-*7.$8*0"%",8&L"*,(,%"*$#'&.-.22$'$%"&-#.6"',<+,46"-'(2'3".6+,-4$8'&6,'"84
%",8&L"('3"0"-"2&'.2'3"(""<#"((2.%"&)-',<#%"*&'(9'3"?,8$,'&.-,88.7,-#".2D6&88&.-7.$8*%"*$#"2$'$%"&-#.6"',<"<+"-("
3"*"2"%%"*',<?,8$,'&.-,88.7,-#"*"#%",("*D6&88&.-2.%'3"+"%&.*"-*&-)"#"60"%9,-*7,(%"#.%*"*,(,*"#%",("&-*"2"%%"*',<,(("'(
$%&-)9'3".6+,-4%"#.%*"*D96&88&.-&--"'*"2"%%"*',<8&,0&8&'&"(7&'3,#.%%"(+.-*&-)&-#%",("&-)..*7&88%"8,'"*'.F%,-'!%&*"#.+$%#3,("
,##.$-'&-)
-*&('%&0$'"*",%-&-)(.2#"%',&-.2'3".6+,-4@(2.%"&)-($0(&*&,%&"(,6.$-'"*'.D96&88&.-,-*D96&88&.-,'"#"60"%9,-*9
%"(+"#'&?"843.("",%-&-)(,%"#.-(&*"%"*'.0"+"%6,-"-'84%"&-?"('"*,-*-.+%.?&(&.-2.%2"*"%,8,-*(','"&-#.6"',<"(3,(0""-6,*"
&('%&0$'&.-.2'3"("",%-&-)(&-'3"2.%6.2*&?&*"-*(.%.'3"%7&("#.$8*%"($8'&-"&'3"%2"*"%,8',<"(/($0="#''.,-,*=$('6"-'2.%2.%"&)-',<#%"*&'(1
,-*7&'33.8*&-)',<"(+,4,08"&-?,%&.$(2.%"&)-#.$-'%&"("'"%6&-,'&.-.2'3",6.$-'.2$-%"#.)-&L"**"2"%%"*&-#.6"',<8&,0&8&'4&(-.'+%,#'&#,8K
3.7"?"%9$-%"#.)-&L"*2.%"&)-',<#%"*&'#,%%42.%7,%*(7.$8*0",?,&8,08"'.%"*$#"(.6"+.%'&.-.2'3"8&,0&8&'4>&'33.8*&-)',<"(.2,++%.<&6,'"84
D6&88&.-7.$8*0"+,4,08"$+.-%"6&'',-#".2,88+%"?&.$(84$-%"6&''"*",%-&-)(,'"#"60"%9
"#,$(".2'3"-$60"%.2',<=$%&(*&#'&.-(&-73'3".6+,-4.+"%,'"(9&'("22"#'&?"',<%,'"#,-28$#'$,'",(.+"%,'&.-(,-*'3"8.#,8#.$-'%4',<%,'"(
28$#'$,'"3".6+,-4&(,8(.($0="#''.,$*&'(042"*"%,89(','",-*2.%"&)-=$%&(*&#'&.-(73$,4%"($8'&-+%.+.("*,(("((6"-'(3".6+,-4@(2$'$%"
',<+%.?&(&.-7&88%"28"#',-42,?.%,08".%$-2,?.%,08",*=$('6"-'('.&'("('&6,'"*',<8&,0&8&'&"(73"-%"(.8?"*3".6+,-4&($-,08"'.+%"*&#''3"
.$'#.6".2'3"("6,''"%(.7"?"%97"0"8&"?"'3,'-.-".2'3"("6,''"%(7&883,?",6,'"%&,8,*?"%(""22"#'.-'3"%"($8'(.2.+"%,'&.-(.%2&-,-#&,8
#.-*&'&.-.2'3".6+,-4