National Oilwell Varco warns of Russian sanctions impact

|About: National Oilwell Varco, Inc. (NOV)|By:, SA News Editor

National Oilwell Varco (NYSE:NOV) warns that economic sanctions against Russia could hurt its results, adding that $60M-$100M of its $5.26B in Q2 sales came from its Russian operations.

"Some or all such sales may be restricted in the future by these sanctions," NOV says in an SEC filing.

As of June 30, NOV had a net investment of $140M in Russia.

NOV -0.7% AH.