Market Summary
USD20.66+0.25
Delayedas of 20 Sep 2023, 03:41 pm1.22%
NOV Alerts
NOV Stock Price
NOV RSI Chart
NOV Valuation
NOV Price/Sales (Trailing)
NOV Profitability
NOV Fundamentals
NOV Revenue
NOV Earnings
Price Action
52 Week Range
14.0524.83
(Low)(High)
Last 7 days
-3.7%
Last 30 days
-1.0%
Last 90 days
30.4%
Trailing 12 Months
19.0%
NOV Financial Health
NOV Investor Care
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Net sales
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Latest Insider Trading transactions for NOV
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-17 | MATTSON ERIC L | acquired | - | - | 12,000 | - |
2023-05-17 | GUILL BEN A | acquired | - | - | 12,000 | - |
2023-05-17 | ARMSTRONG GREG L | acquired | - | - | 12,000 | - |
2023-05-17 | Welborn Robert S. | acquired | - | - | 12,000 | - |
2023-05-17 | Donadio Marcela E | acquired | - | - | 12,000 | - |
2023-05-17 | HARRISON DAVID D | acquired | - | - | 12,000 | - |
2023-05-17 | Thomas William R. | acquired | - | - | 12,000 | - |
2023-02-28 | MATTSON ERIC L | sold | -452,919 | 21.9002 | -20,681 | - |
2023-02-27 | Novak Christy Lynn | sold | -210,019 | 21.861 | -9,607 | vp, corp. controller, cao |
2023-02-27 | Novak Christy Lynn | acquired | 81,060 | 15.00 | 5,404 | vp, corp. controller, cao |
Which funds bought or sold NOV recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | reduced | -1.01 | -260 | 1,572 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 369,235 | 369,235 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 24.23 | 50,259 | 707,364 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 4.31 | -53,869 | 507,857 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 10.27 | -51,000 | 1,115,000 | 0.01% |
2023-08-21 | VESTOR CAPITAL, LLC | sold off | -100 | -7,098,000 | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.73 | -1,438,660 | 7,721,380 | 0.01% |
2023-08-21 | BOKF, NA | unchanged | - | -1,075 | 6,977 | -% |
2023-08-16 | GTS SECURITIES LLC | new | - | 1,640,440 | 1,640,440 | 0.05% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -7.76 | -8,127,440 | 32,368,600 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
NOV Alerts
Schedule 13G FIlings of National Oilwell Varco
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | hotchkis & wiley capital management llc | 4.42% | 17,357,305 | SC 13G/A | |
| Feb 10, 2023 | vanguard group inc | 10.00% | 39,285,890 | SC 13G/A | |
| Feb 09, 2023 | first eagle investment management, llc | 9.46% | 37,173,025 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.96% | 39,115,992 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.5% | 37,463,356 | SC 13G/A | |
| Jan 23, 2023 | pzena investment management llc | 7.52% | 29,568,913 | SC 13G/A | |
| Nov 10, 2022 | vanguard group inc | 10.02% | 39,370,823 | SC 13G/A | |
| Feb 11, 2022 | hotchkis & wiley capital management llc | 7.22% | 28,191,545 | SC 13G/A | |
| Feb 09, 2022 | state street corp | 3.45% | 13,494,607 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.7% | 34,095,857 | SC 13G |
Recent SEC filings of National Oilwell Varco
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Jul 27, 2023 | 8-K | Current Report | |
| Jul 27, 2023 | 10-Q | Quarterly Report | |
| Jun 26, 2023 | 11-K | Employee Benefit Details |
Peers (Alternatives to National Oilwell Varco)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
XOM | 469.7B | 377.0B | 6.62% | 27.88% | 9.08 | 1.25 | 3.30% | 32.79% |
CVX | 312.2B | 222.8B | 3.92% | 8.34% | 10.35 | 1.4 | 3.16% | 3.86% |
SLB | 85.9B | 31.2B | 4.14% | 55.07% | 21.81 | 2.75 | 25.73% | 50.31% |
OXY | 60.4B | 31.8B | 2.72% | 2.25% | 4.68 | 1.64 | -6.68% | -38.20% |
HAL | 37.3B | 22.4B | 5.15% | 47.15% | 15.14 | 1.67 | 28.12% | 72.02% |
| MID-CAP | ||||||||
FTI | 8.9B | 7.1B | 12.02% | 118.99% | -66.53 | 1.26 | 11.63% | 45.70% |
NOV | 8.0B | 8.0B | -1.02% | 19.01% | 19.32 | 1 | 30.72% | 567.42% |
CHX | 7.3B | 3.9B | 4.58% | 73.25% | 29.07 | 1.87 | 12.88% | 50.71% |
RIG | 6.2B | 2.7B | -1.82% | 174.49% | -6.14 | 2.31 | 5.94% | -59.24% |
HP | 4.4B | 2.8B | 7.73% | 5.19% | 11.06 | 1.56 | 60.56% | 441.42% |
| SMALL-CAP | ||||||||
DRQ | 957.6M | 365.3M | -0.28% | 24.64% | 51.27 | 2.62 | 8.22% | 120.85% |
OIS | 523.1M | 771.6M | 8.18% | 85.11% | 67.56 | 0.68 | 19.12% | 116.31% |
FET | 247.4M | 746.9M | -0.66% | -0.12% | -38.55 | 0.33 | 21.14% | 79.37% |
NR | - | 828.3M | 10.04% | 110.27% | - | - | 18.00% | 57.31% |
SDPI | 22.5M | 22.1M | -23.76% | 4.76% | 8.02 | 1.02 | 36.41% | 283.58% |
National Oilwell Varco News
Returns for NOV
Cumulative Returns on NOV
-10.7%
10-Year Cumulative Returns
-5.7%
7-Year Cumulative Returns
-13.4%
5-Year Cumulative Returns
20.6%
3-Year Cumulative Returns
Risks for NOV
What is the probability of a big loss on NOV?
99.6%
Probability that National Oilwell Varco stock will be more than 20% underwater in next one year
95.8%
Probability that National Oilwell Varco stock will be more than 30% underwater in next one year.
44.2%
Probability that National Oilwell Varco stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does NOV drawdown profile look like?
Y-axis is the maximum loss one would have experienced if National Oilwell Varco was unfortunately bought at previous high price.
Drawdowns
Financials for National Oilwell Varco
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 4.8% | 8,017,000,000 | 7,651,000,000 | 7,237,000,000 | 6,681,000,000 | 6,133,000,000 | 5,823,000,000 | 5,524,000,000 | 5,334,000,000 | 5,377,000,000 | 5,456,000,000 | 6,090,000,000 | 7,044,000,000 | 7,786,000,000 | 8,422,000,000 | 8,479,000,000 | 8,596,000,000 | 8,624,000,000 | 8,598,000,000 | 8,453,000,000 | 8,024,000,000 | 7,705,000,000 |
| Gross Profit | 9.7% | 1,679,000,000 | 1,531,000,000 | 1,334,000,000 | 1,093,000,000 | 910,000,000 | 832,000,000 | 774,000,000 | 506,000,000 | 460,000,000 | 366,000,000 | 434,000,000 | 876,000,000 | 888,000,000 | 813,000,000 | 845,000,000 | 878,000,000 | 1,120,000,000 | 1,413,000,000 | 1,444,000,000 | 1,202,000,000 | 1,094,000,000 |
| S&GA Expenses | 3.1% | 1,155,000,000 | 1,120,000,000 | 1,070,000,000 | 1,006,000,000 | 921,000,000 | 899,000,000 | 908,000,000 | 926,000,000 | 911,000,000 | 929,000,000 | 968,000,000 | 1,022,000,000 | 1,102,000,000 | 1,282,000,000 | 1,303,000,000 | 1,336,000,000 | 1,363,000,000 | 1,249,000,000 | 1,233,000,000 | 1,189,000,000 | 1,161,000,000 |
| EBITDA | -100.0% | - | 802,000,000 | 617,000,000 | 444,000,000 | 319,000,000 | 232,000,000 | 153,000,000 | -137,000,000 | -181,000,000 | -286,000,000 | -2,343,000,000 | -2,424,000,000 | -2,476,000,000 | -8,024,000,000 | -5,829,000,000 | -5,289,000,000 | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.10 | 0.09 | 0.07 | 0.05 | 0.04 | 0.03 | -0.03 | -0.03 | -0.05 | -0.38 | -0.34 | -0.32 | -0.95 | -0.69 | -0.62 | - | - | - | - | - |
| Interest Expenses | 2.5% | 82,000,000 | 80,000,000 | 78,000,000 | 76,000,000 | 76,000,000 | 76,000,000 | 77,000,000 | 77,000,000 | 79,000,000 | 82,000,000 | 84,000,000 | 90,000,000 | 94,000,000 | 97,000,000 | 100,000,000 | 97,000,000 | 96,000,000 | 94,000,000 | 93,000,000 | 96,000,000 | 98,000,000 |
| Earnings Before Taxes | 25.8% | 526,000,000 | 418,000,000 | 238,000,000 | 68,000,000 | -56,000,000 | -145,000,000 | -230,000,000 | -527,000,000 | -581,000,000 | -694,000,000 | -2,779,000,000 | -2,884,000,000 | -2,959,000,000 | -8,582,000,000 | -6,462,000,000 | -5,990,000,000 | -5,768,000,000 | 19,000,000 | 41,000,000 | -128,000,000 | -201,000,000 |
| EBT Margin | -100.0% | - | 0.05 | 0.03 | 0.01 | -0.01 | -0.02 | -0.04 | -0.10 | -0.11 | -0.13 | -0.46 | -0.41 | -0.38 | -1.02 | -0.76 | -0.70 | - | - | - | - | - |
| Net Income | 26.1% | 416,000,000 | 330,000,000 | 155,000,000 | 12,000,000 | -89,000,000 | -181,000,000 | -250,000,000 | -553,000,000 | -539,000,000 | -603,000,000 | -2,542,000,000 | -2,576,000,000 | -2,765,000,000 | -8,062,000,000 | -6,088,000,000 | -5,691,000,000 | -5,446,000,000 | -38,000,000 | -31,000,000 | -57,000,000 | -84,000,000 |
| Net Income Margin | -100.0% | - | 0.04 | 0.02 | 0.00 | -0.01 | -0.03 | -0.05 | -0.10 | -0.10 | -0.11 | -0.42 | -0.37 | -0.36 | -0.96 | -0.72 | -0.66 | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -503,000,000 | -393,000,000 | -509,000,000 | -278,000,000 | 17,000,000 | 90,000,000 | 251,000,000 | 459,000,000 | 653,000,000 | 700,000,000 | 973,000,000 | 982,000,000 | 533,000,000 | 481,000,000 | 225,000,000 | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 2.6% | 10,446 | 10,177 | 10,135 | 9,761 | 9,700 | 9,553 | 9,550 | 9,567 | 9,601 | 9,672 | 9,929 | 10,168 | 10,447 | 10,690 | 13,149 | 14,005 | 14,349 | 20,002 | 19,796 | 19,893 | 19,758 |
| Current Assets | 3.5% | 5,610 | 5,422 | 5,493 | 5,179 | 5,093 | 4,949 | 4,902 | 4,939 | 4,908 | 4,996 | 5,209 | 5,376 | 5,590 | 5,902 | 6,113 | 6,515 | 6,766 | 6,938 | 7,279 | 7,221 | 7,008 |
| Cash Equivalents | -23.5% | 592 | 774 | 1,069 | 998 | 1,218 | 1,406 | 1,591 | 1,668 | 1,572 | 1,607 | 1,692 | 1,485 | 1,447 | 1,115 | 1,171 | 1,313 | 1,121 | 1,270 | 1,427 | 1,293 | 1,137 |
| Inventory | 8.0% | 2,199 | 2,036 | 1,813 | 1,755 | 1,591 | 1,440 | 1,331 | 1,325 | 1,322 | 1,357 | 1,408 | 1,745 | 1,929 | 2,032 | 2,197 | 2,537 | 2,858 | 3,131 | 2,986 | 3,177 | 3,158 |
| Net PPE | 1.4% | 1,839 | 1,814 | 1,781 | 1,757 | 1,761 | 1,806 | 1,823 | 1,825 | 1,871 | 1,894 | 1,927 | 1,994 | 2,010 | 2,003 | 2,354 | 2,361 | 2,356 | 2,605 | 2,797 | 2,813 | 2,859 |
| Goodwill | 0% | 1,549 | 1,549 | 1,505 | 1,505 | 1,498 | 1,525 | 1,527 | 1,495 | 1,495 | 1,495 | 1,493 | 1,493 | 1,493 | 1,520 | 2,807 | 3,236 | 3,206 | 6,292 | 6,264 | 6,339 | 6,273 |
| Liabilities | 1.6% | 4,949 | 4,869 | 5,001 | 4,831 | 4,728 | 4,543 | 4,486 | 4,489 | 4,423 | 4,522 | 4,650 | 4,628 | 4,914 | 5,136 | 5,303 | 5,876 | 5,862 | 6,162 | 5,907 | 5,917 | 5,790 |
| Current Liabilities | 3.3% | 2,385 | 2,308 | 2,437 | 2,247 | 2,171 | 1,979 | 1,910 | 1,853 | 1,810 | 1,934 | 1,867 | 1,884 | 1,954 | 2,163 | 2,247 | 2,276 | 2,221 | 2,103 | 2,341 | 2,276 | 2,194 |
| LT Debt, Current | 0% | 13.00 | 13.00 | 13.00 | 10.00 | 10.00 | 5.00 | 5.00 | - | - | 182 | - | - | - | - | - | - | - | - | - | - | - |
| LT Debt, Non Current | -0.2% | 1,715 | 1,719 | 1,717 | 1,720 | 1,714 | 1,709 | 1,708 | 1,704 | 1,686 | 1,669 | 1,834 | 1,824 | 2,029 | 2,002 | 1,989 | 2,484 | 2,483 | 2,483 | 2,482 | 2,706 | 2,707 |
| Shareholder's Equity | 2.4% | 5,434 | 5,308 | 5,096 | 4,868 | 4,972 | 5,010 | 5,064 | 5,078 | 5,178 | 5,150 | 5,279 | 5,540 | 5,533 | 5,552 | 7,846 | 8,129 | 8,487 | 13,840 | 13,889 | 13,976 | 13,969 |
| Retained Earnings | 6.9% | -1,828 | -1,963 | -2,069 | -2,154 | -2,166 | -2,216 | -2,146 | -2,086 | -2,017 | -1,991 | -1,876 | -1,529 | -1,474 | -1,381 | 690 | 1,094 | 1,358 | 6,766 | 6,862 | 6,869 | 6,888 |
| Additional Paid-In Capital | 0.2% | 8,773 | 8,756 | 8,754 | 8,718 | 8,700 | 8,690 | 8,685 | 8,637 | 8,618 | 8,598 | 8,591 | 8,567 | 8,543 | 8,518 | 8,507 | 8,483 | 8,441 | 8,408 | 8,390 | 8,361 | 8,306 |
| Shares Outstanding | 0.0% | 394 | 394 | 393 | 393 | 390 | 387 | 393 | 387 | 386 | 385 | 388 | 385 | 385 | 383 | 386 | 382 | 382 | 380 | 383 | 379 | 378 |
| Minority Interest | -3.1% | 63.00 | 65.00 | 38.00 | 62.00 | 63.00 | 64.00 | 67.00 | 68.00 | 70.00 | 69.00 | 69.00 | 75.00 | 73.00 | 68.00 | 68.00 | 72.00 | 76.00 | 75.00 | 70.00 | 70.00 | 68.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 18.7% | -226 | -278 | -179 | -297 | -86.00 | 215 | 291 | 441 | 659 | 860 | 926 | 1,213 | 1,242 | 791 | 714 | 462 | 300 | 612 | 521 | 621 | 663 |
| Share Based Compensation | - | 68.00 | - | 67.00 | 72.00 | 76.00 | - | 78.00 | 79.00 | - | - | 105 | - | - | - | 130 | - | - | - | 110 | - | - |
| Cashflow From Investing | -14.9% | -277 | -241 | -238 | -267 | -196 | -194 | -196 | -86.00 | -122 | -142 | -144 | -207 | -270 | -261 | -315 | -333 | -253 | -503 | -457 | -453 | -457 |
| Cashflow From Financing | -15.8% | -117 | -101 | -96.00 | -89.00 | -59.00 | -222 | -189 | -175 | -414 | -219 | -259 | -830 | -635 | -670 | -647 | -91.00 | -49.00 | -32.00 | -30.00 | -555 | -584 |
| Dividend Payments | 1.3% | 79.00 | 78.00 | 78.00 | 79.00 | 78.00 | 80.00 | 20.00 | - | - | - | 19.00 | 38.00 | 58.00 | 77.00 | 77.00 | 77.00 | 76.00 | 76.00 | 76.00 | 76.00 | 76.00 |
NOV Income Statement
2023-06-30Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Revenue | $ 2,093 | $ 1,727 | $ 4,055 | $ 3,275 |
| Cost of revenue | 1,636 | 1,418 | 3,187 | 2,752 |
| Gross profit | 457 | 309 | 868 | 523 |
| Selling, general and administrative | 276 | 241 | 561 | 476 |
| Operating profit | 181 | 68 | 307 | 47 |
| Interest and financial costs | (21) | (19) | (42) | (38) |
| Interest income | 8 | 5 | 16 | 6 |
| Equity income in unconsolidated affiliates | 37 | 14 | 85 | 20 |
| Other expense, net | (29) | (45) | (2) | |
| Net income before income taxes | 176 | 68 | 321 | 33 |
| Provision (benefit) for income taxes | 19 | (2) | 39 | 12 |
| Net income | 157 | 70 | 282 | 21 |
| Net income attributable to noncontrolling interests | 2 | 1 | 1 | 2 |
| Net income attributable to Company | $ 155 | $ 69 | $ 281 | $ 19 |
| Net income attributable to Company per share: | ||||
| Basic | $ 0.39 | $ 0.18 | $ 0.72 | $ 0.05 |
| Diluted | 0.39 | 0.18 | 0.71 | 0.05 |
| Cash dividends per share | $ 0.05 | $ 0.05 | $ 0.10 | $ 0.10 |
| Weighted average shares outstanding: | ||||
| Basic | 393 | 390 | 392 | 389 |
| Diluted | 395 | 393 | 396 | 392 |
NOV Balance Sheet
2023-06-30Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 592 | $ 1,069 |
| Receivables, net | 1,891 | 1,739 |
| Inventories, net | 2,199 | 1,813 |
| Contract assets | 704 | 685 |
| Prepaid and other current assets | 224 | 187 |
| Total current assets | 5,610 | 5,493 |
| Property, plant and equipment, net | 1,839 | 1,781 |
| Lease right-of-use assets, operating | 376 | 346 |
| Lease right-of-use assets, financing | 172 | 171 |
| Goodwill | 1,549 | 1,505 |
| Intangibles, net | 470 | 490 |
| Investment in unconsolidated affiliates | 184 | 117 |
| Other assets | 246 | 232 |
| Total assets | 10,446 | 10,135 |
| Current liabilities: | ||
| Accounts payable | 1,007 | 906 |
| Accrued liabilities | 769 | 959 |
| Contract liabilities | 494 | 444 |
| Current portion of lease liabilities | 91 | 87 |
| Current portion of long-term debt | 13 | 13 |
| Accrued income taxes | 11 | 28 |
| Total current liabilities | 2,385 | 2,437 |
| Long-term debt | 1,715 | 1,717 |
| Lease liabilities | 568 | 549 |
| Deferred income taxes | 69 | 68 |
| Other liabilities | 212 | 230 |
| Total liabilities | 4,949 | 5,001 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock - par value $.01; 1 billion shares authorized; 393,776,806 and 392,832,752 shares issued and outstanding at June 30, 2023 and December 31, 2022 | 4 | 4 |
| Additional paid-in capital | 8,773 | 8,754 |
| Accumulated other comprehensive loss | (1,515) | (1,593) |
| Retained deficit | (1,828) | (2,069) |
| Total Company stockholders' equity | 5,434 | 5,096 |
| Noncontrolling interests | 63 | 38 |
| Total stockholders’ equity | 5,497 | 5,134 |
| Total liabilities and stockholders’ equity | $ 10,446 | $ 10,135 |
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. It also provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation; measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits. The company offers equipment and technologies for hydraulic fracture stimulation, including downhole multistage fracturing tools, pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds; coiled tubing units, and wireline units and tools; connections and liner hangers; onshore production consists of composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and offshore production, such as floating production systems and subsea production technologies, as well as manufactures industrial pumps and mixers. It also provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; pressure control equipment; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; equipment components for offshore wind construction vessels; and pipelay and construction systems. NOV Inc. offers spare parts, repair, and rentals as well as comprehensive remote equipment monitoring, technical support, field service, and customer training. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas.