Craft
NOV

NOV

Backlog

$4.3 B

Q2, 2022

Revenue

$5.5 B

FY, 2021

Market Capitalization

$8.8 B

2022-11-18

NOV Summary

Company summary

Overview
NOV (formerly known as National Oilwell Varco) is a company specializing in the design, manufacture, and sale of equipment and components used in oil and gas drilling. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. Wellbore Technologies provides the oil and gas industry with drill bits, borehole enlargement services, directional drilling tools, and optimization/automation software and services. Completion & Production Solutions produces a variety of intervention and stimulation equipment for pressure pumping, coiled tubing, and wireline operations as well as composite piping systems, pressure vessels, subsea and floating production systems, and other solutions. Rig Technologies engineers and manufactures drilling rigs, advanced drilling equipment packages, and the related capital equipment necessary to drill oil and gas wells, as well as marine construction equipment such as heavy-lift cranes, mooring machinery, jacking systems, pipelay and cablelay systems, and marine riser tensioners.
Type
Public
Status
Active
Founded
1862
HQ
Houston, TX, US | view all locations
Website
https://www.nov.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key people

  • Clay C. Williams

    Clay C. Williams, President, Chairman, and Chief Executive Officer, Director

    • Alex Philips

      Alex Philips, Chief Information Officer

    • Bonnie Houston

      Bonnie Houston, Chief Administrative Officer

    • David Reid

      David Reid, Chief Technology Officer and Chief Marketing Officer

    Operating MetricsView all

    Countries Covered

    63
    3.3%

    Q2, 2022

    Engineering, Sales and Administration Facilities

    137
    8.7%

    FY, 2021

    Remaining Performance Obligations

    $4.2B
    9.8%

    Q2, 2022

    LocationsView all

    66 locations detected

    • Houston, TX HQ

      United States

      National Oilwell Varco, 7909 Parkwood Cir Dr

    • Bakersfield, CA

      United States

      3100 Steam Ct

    • Casper, WY

      United States

      3273 N Poplar St

    • Houston, TX

      United States

      11931 Farm to Market Rd 529

    • Houston, TX

      United States

      12000 W Little York Rd

    • Lindsay, OK

      United States

      1215 SE 4th Hwy 76 South

    and 60 others

    NOV Financials

    Summary financials

    Revenue (Q3, 2022)
    $1.9B
    Gross profit (Q3, 2022)
    $368.0M
    Net income (Q3, 2022)
    $35.0M
    EBIT (Q3, 2022)
    $55.0M

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