National Oilwell Varco Releases Financial Reports For 1st Qtr. 2020, On April 27

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.


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

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