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National-Oilwell Varco, Inc. Added to
KLD's Domini 400 Social Index
BOSTON,
MA - October 5, 2005 - KLD Research & Analytics, Inc.
announced today that it added National-Oilwell Varco,
Inc. (NOV) to KLD's Domini 400 SocialSM Index
(DS 400 Index).
National-Oilwell
Varco, Inc. designs, manufactures, and sells systems,
components and products used in both land and offshore
oil and gas drilling and production. The company also
distributes products and offers supply chain integration
services to the upstream oil and gas industry. In addition,
the company provides oilfield inspection services and
quality assurance services.
National-Oilwell Varco,
Inc. is headquartered in Houston, Texas.
Reasons KLD added
National-Oilwell Varco, Inc. to the DS 400 Index
- The company manufactures
oil and gas exploration and production equipment that
includes technologies for reducing the risk of harm
to drilling rig operators. These employee health and
safety risks are associated with heavy machinery and
harsh conditions routinely confronting rig workers at
sea or on land. National-Oilwell Varco technologies
anticipate and prevent dangers posed by moving mechanical
parts, elevated work platforms, and well-head emissions,
all of which can cause serious injury and death among
drill rig workers.
- Over 50% of energy
equipment and services companies on the S&P 500 are
incorporated outside of the United States. Critics of
non-U.S. incorporation argue that companies incorporate
offshore to avoid paying U.S taxes. National-Oilwell
is incorporated in the United States.
- The company is in
the Energy sector, in which the DS 400 Index is underweight
relative to the S&P 500.
About the KLD Family
of Indexes
KLD's family of social,
environmental and sustainability indexes includes: the
Domini 400 Social Index (DS 400 Index), launched in 1990,
the established benchmark for measuring the impact of
social screening on financial performance; the KLD Catholic
Values 400SM Index (KLD CV 400 Index), launched
in 1998, modeled on KLD's DS 400; the KLD Broad Market
SocialSM Index (KLD BMS Index), launched in
2001, the screened subset of the Russell 3000® Index;
the KLD Large Cap SocialSM Index (KLD LCS Index),
launched in 2001, the screened subset of the Russell 1000®
Index; the KLD NASDAQ Social Index (KLD NS Index), launched
in 2002, modeled on the NASDAQ Composite Index; the KLD
Select SocialSM Index (KLD SS Index), launched
in 2004, the first US index maximizing sustainability
factors; and the KLD Global Climate Change 100 SM
Index (KLD GC 100 Index), launched in 2005, the first
global index focused on solutions to climate change.
About KLD Research & Analytics,
Inc.
KLD Research & Analytics,
Inc. is an independent investment research firm providing
investment management tools used by professionals to serve
clients requiring investment strategies based on social
and environmental responsibility. KLD products and services,
including Socrates (a web-based, company research tool)
are used for screening, compliance and asset gathering.
For more information about KLD or its family of Indexes,
please see our website (www.kld.com)
or contact Karen Agredo by phone (617.426.5270) or e-mail
(kagredo@kld.com).
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