National Oilwell Varco 2005 Annual Report Download - page 65

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
1,3,43=(+()4+0-9(,3-+,3.,)C2>*(48.-4);62.(0)4<1(3.2-,432.(@1(3.())4+0,3/>:34)4<1(3.2-,43(@1(3.(,.)*++(3->:+()4/3,K(084+8,@(0
.-4);41-,431>23.(@)(1-2.0(.)+,6(0,34-(.230&+(>2-(0-4-9(2+)4(+/(+2.-9((@(+),.(1+,)((?*2>.-9(.-4);1+,)(43-9(02-(48/+23-30(+
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)2>)*>2-(-9(82,+C2>*(48-9(41-,43.(92C((>()-(0-42041-432<40,8,(01+4.1()-,C(62.,.4-(,>>*.-+2-(.-9((88()-.433(-,3)4<(230
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6(/,33,3/2+)95-9(D(+/(+2-(E7-9(02-(2+)4)4<<43.92+(.=(+((@)923/(084+2-,432>,>=(>>)4<<43.92+(.
(6(>,(C(4*+<(+/(+=,-92+)4=,>>6(--(+14.,-,43*.-4)4<1(-(<4+((88()-,C(>:,3-9(/>462><2+;(-1>2)(2301+4C,0(/+(2-(+.)2>(-4,3)+(2.(.(+C,)(
-44*+)*.-4<(+.,3)+(2.(4*+,3C(.-<(3-,3+(.(2+)92300(C(>41<(3--42))(>(+2-(,334C2-,43230,3)+(2.(.-4);94>0(+C2>*(
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+(>2-(0-+23.2)-,43)4.-.230,.)4<1+,.(0485,3<,>>,43.7
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2>>4)2-(0-4*3(2+3(0)4<1(3.2-,43)4.-230,.6(,3/2<4+-,K(0*.,3/-9(+(<2,3,3/C(.-,3/1(+,4048:(2+.-4);62.(0)4<1(3.2-,43(@1(3.(48
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3-(/+2-,43)4.-.48G'<,>>,43,3=2.)4<1+,.(048G&<,>>,4384+.(C(+23)()4.-G<,>>,4384+0,.)43-,3*(0,3C(3-4+:G$H<,>>,4384+
)4<6,3,3/41(+2-,43.230GH<,>>,43484-9(+
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43-9(,+(.-,<2-(082,+C2>*(.2.482+)92..(-84+-96(>4=5,3<,>>,43.79((@)(..48-9(1*+)92.(1+,)(4C(+-9(3(--23/,6>(230,0(3-,8,26>(
,3-23/,6>(2..(-.=2.+()4+0(02./440=,>>9(1+(>,<,32+:2>>4)2-,4348-9(1*+)92.(1+,)(=2.62.(0*1431+(>,<,32+:C2>*2-,43.2304*+(.-,<2-(.230
2..*<1-,43.2+(.*6A()--4)923/(*143-9(+()(,1-230<232/(<(3-B.+(C,(=48-9(8,32>C2>*2-,43.9(1+,<2+:2+(2.48-9(1*+)92.(1+,)(2>>4)2-,43
=9,)92+(34-:(-8,32>,K(0+(>2-(-4,0(3-,8,26>(,3-23/,6>(2..(-.J1+41(+-:1>23-230(?*,1<(3-J230/440=,>>3200,-,43*143-9(8,32>,K2-,4348-9(
)4<6,3(0)4<123:B.>(/2>(3-,-:.-+*)-*+(200,-,432>20A*.-<(3-.-40(8(++(0-2@(.<2:6(+(?*,+(09(8,32>C2>*2-,43483(-2..(-.,.(@1()-(0-46(
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