The more I review these financial reports, the more I notice that many of the big players in the oil and gas space were already in financial trouble before the COVID-19 pandemic hit.  I suspect that when this is all over, the little guys will be wiped away, and the big players will emerge stronger while gobbling up all the distressed assets left behind.

National-Oilwell-Varco-Logo.svg

In millions of dollars,
Total Income  $1,883
Net Income  $-2,049
Total Assets  $10,690
Total Liabilities  $5,136
Total Equity  $5,554

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s