Market Overview

National Oilwell Varco Declares Regular Quarterly Dividend

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National Oilwell Varco, Inc. (NYSE:NOV) today announced that its Board
of Directors declared the regular quarterly cash dividend of $0.05 per
share of common stock, payable on September 28, 2018 to each stockholder
of record on September 14, 2018.

About NOV

National Oilwell Varco (NYSE:NOV) is a leading provider of technology,
equipment, and services to the global oil and gas industry that supports
customers' full-field drilling, completion, and production needs. Since
1862, NOV has pioneered innovations that improve the cost-effectiveness,
efficiency, safety, and environmental impact of oil and gas operations.
NOV powers the industry that powers the world.

Visit www.nov.com
for more information.

Cautionary Statement for the Purpose of the "Safe Harbor" Provisions
of the Private Securities Litigation Reform Act of 1995

Statements made in this press release that are forward-looking in nature
are intended to be "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934 and may involve risks
and uncertainties. These statements may differ materially from the
actual future events or results. Readers are referred to documents filed
by National Oilwell Varco with the Securities and Exchange Commission,
including the Annual Report on Form 10-K, which identify significant
risk factors which could cause actual results to differ from those
contained in the forward-looking statements.

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