NOV Inc - Company Profile
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NOV Inc (NOV) formerly National Oilwell Varco Inc, is a provider of technology, equipment, and services to the oil and gas industry. The company focuses on transforming oil and gas development by enhancing cost-effectiveness, efficiency, safety, and environmental impact. NOV's main products and services include technologies for drilling, completion, and production needs, with a strong emphasis on digital solutions such as automation, predictive analytics, and condition-based maintenance. It serves well-servicing companies, drilling contractors, rig fabricators, pressure pumping companies, and independent oil and gas companies. The company has operations in various countries across the Americas, the Middle East, Africa, Asia-Pacific, and Europe. NOV is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
10353 Richmond Ave., Houston, Texas, 77042
Website
www.nov.com
Telephone
1 346 2233000
No of Employees
31,605
Industry
Energy and Utilities
Ticker Symbol & Exchange
NOV (NYSE)
Revenue (2024)
$8.7B
-1.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-77.2%
(2024 vs 2023)
Market Cap*
$6.5B
Net Profit Margin (2024)
XYZ
-76.8%
(2024 vs 2023)
* As of and is in US$
NOV Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Floating Production Systems | Completion Services | Ameron |
| Fiber Glass Systems | WellSite Services | AmClyde |
| Intervention and Stimulation Equipment | Portable Power | Anson |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Divestiture | In December, the company sold Shepherd Power to Natura Resources LLC, a developer of advanced molten-salt nuclear reactors. |
| 2025 | Contracts/Agreements | In November, the company partnered with Armada for new AI-driven use cases at the edge. |
| 2025 | Contracts/Agreements | In September, the company was awarded a contract to supply APL Submerged Swivel and Yoke system for a first offshore floating LNG project in Argentina. |
Competitor Comparison
| Key Parameters | NOV Inc | Slb NV | Baker Hughes Co | Halliburton Co | Aker Solutions ASA |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | Norway |
| City | Houston | Houston | Houston | Houston | Lysaker |
| State/Province | Texas | Texas | Texas | Texas | - |
| No. of Employees | 31,605 | 109,000 | 53,000 | 46,000 | 11,777 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jose A. Bayardo | Chairman; President; Chief Executive Officer | Executive Board | 2026 | 53 |
| Rodney C. Reed | Senior Vice President; Chief Financial Officer | Senior Management | 2025 | 44 |
| Christy H. Novak | Chief Accounting Officer; Vice President; Corporate Controller | Senior Management | 2021 | 52 |
| Alex Philips | Chief Information Officer | Senior Management | - | - |
| David Reid | Chief Marketing Officer; Chief Technology Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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