National Oilwell Varco 2005 Annual Report Download - page 64

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(@1(3.((@)(..,C(.14,>2/(04*6>(8+(,/9-230+(9230>,3/)4.-.<2:6(.42634+<2>2.-4+(?*,+(-+(2-<(3-2.)*++(3-1(+,40)92+/(.E+(?*,+(.
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-9(2>>4)2-,43488,@(01+40*)-,434C(+9(20.-4-9()4.-.48)43C(+.,436(62.(043-9(34+<2>)212),-:48-9(1+40*)-,4382),>,-,(.,.(88()-,C(84+
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4841(+2-,43.4+)2.98>4=.
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62.(012:<(3-2++23/(<(3-.84+1*6>,))4<123,(.,3)>*0,3/2..*<1-,43..*)92.(@1()-(0C4>2-,>,-:230(@1()-(0-(+<(2+(2..(..,3/-9(,<12)-
4572304'=,>>92C(434*+)43.4>,02-(08,323),2>.-2-(<(3-.230=9,)9-+23.,-,43<(-940.2>>4=(06:457=,>>6((>()-(0
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(88()-,C(84+*.43F23*2+:%
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$'=,>>6((88()-,C(84+8,.)2>:(2+.(30,3/28-(+()(<6(+=,-9(2+>,(+2041-,43(3)4*+2/(0(2+()*++(3->:(C2>*2-,3/-9(,<12)--9,.
,3-(+1+(-2-,43<2:92C(434*+8,323),2>14.,-,43+(.*>-.4841(+2-,43.4+)2.98>4=.
32:-9(,..*(0-2-(<(3-48,323),2>))4*3-,3/-2302+0.4$D))4*3-,3/923/(.230++4+4++()-,43.E5D$E7=9,)9
+(1>2)(. 1,3,434D))4*3-,3/923/(.E2304D(14+-,3/))4*3-,3/923/(.,33-(+,<,323),2>-2-(<(3-.E$
+(?*,+(.2C4>*3-2+:)923/(,32))4*3-,3/1+,3),1>(-46(211>,(0+(-+4.1()-,C(>:-42>>1+,4+1(+,408,323),2>.-2-(<(3-..4-92--94.(8,323),2>.-2-(<(3-.2+(
1+(.(3-(02.,8-9()*++(3-2))4*3-,3/1+,3),1>(9202>=2:.6((3211>,(0$,.(88()-,C(84+2))4*3-,3/)923/(.230)4++()-,4348(++4+.<20(28-(+
F23*2+:%=,-9(2+>:2041-,431(+<,--(0(0434-(@1()--9(2041-,4348$-492C(2<2-(+,2>,<12)-434*+8,323),2>14.,-,43+(.*>-.48
41(+2-,43.4+)2.98>4=.
9(,323),2>))4*3-,3/-2302+0.42+05DE7,..*(0-2-(<(3-48,323),2>))4*3-,3/-2302+0.4D92+(2.(0 2:<(3-E57
=9,)94+,/,32>>:+(?*,+(0,<1>(<(3-2-,4384+,3-(+,<4+233*2>+(14+-,3/1(+,40.6(/,33,3/28-(+F*3(4=(C(+,31+,>-9(()*+,-,(.230
@)923/(4<<,..,432041-(023(=+*>(-42<(30-9()4<1>,23)(02-(-4-9(6(/,33,3/48-9(4<123:B.3(@-8,.)2>:(2+5F23*2+:%84+-9(
4<123:7+(?*,+(.*.-4+()4/3,K(-9()4.-48(<1>4:((.(+C,)(.+()(,C(0,3(@)923/(84+-9()4<123:B.(?*,-:,3.-+*<(3-.*++(3->:,3
2))4+023)(=,-9 
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