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Founded in 1968, Nabors Industries (NBR) is the leading supplier of offshore drilling rings in America. It owns and manages the world biggest drilling rig fleet (land-based). The company is also engaged in innovative technologies, performance tools, and directional drilling services. Their business operations are spread across 20 countries and their headquarters are based in Houston, Texas. The history of acquisitions and partnerships includes Well Services company, Saudi Aramco, Gazprom, Tesco Corporation, and Odfjell Drilling. The company’s shares are traded on the New York Stock Exchange (NYSE). To learn the latest Nabors Industries share price, follow Capital.com.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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