National Oilwell Varco is a company specializing in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, and the provision of oilfield services to the oil and gas industry. The Company offers complicated drilling and pumping equipment and control systems, as well as spare parts, repair and rental services. It provides technical support, field and first well support, field engineering, and customer training services.


TypePublic
HQHouston, US
Founded1841
Size (employees)31,321 (est)-13%
Websitenov.com
National Oilwell Varco was founded in 1841 and is headquartered in Houston, US
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Key People/Management at National Oilwell Varco

David Reid

David Reid

Chief Marketing Officer
Craig Weinstock

Craig Weinstock

Senior Vice President and General Counsel
Hege Kverneland

Hege Kverneland

Corporate Vice President and Chief Technology Officer
Clay Williams

Clay Williams

President, Chairman, and Chief Executive Officer
Joe Rovig

Joe Rovig

President, Rig Systems and Rig Aftermarket
Isaac Joseph

Isaac Joseph

President, NOV Wellbore Technologies
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National Oilwell Varco Office Locations

National Oilwell Varco has offices in Houston, Bakersfield, Odessa, Norfolk and in 69 other locations
Houston, US (HQ)
7909 Parkwood Cir Dr
Alice, US
4125 Highway 359
Bakersfield, US
3100 Steam Court
Casper, US
3273 North Poplar I-25 Frontage Rd.
Galena Park, US
210 Magnolia Dr
Houston, US
11919, 11929, 11931 FM 529 Road Northwoods Industrial Park East
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National Oilwell Varco Financials and Metrics

National Oilwell Varco Revenue

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National Oilwell Varco's revenue was reported to be $7.30 b in FY, 2017 which is a 36.5% increase from the previous period.
USD

Revenue (Q1, 2018)

1.8b

Gross profit (Q1, 2018)

287.0m

Gross profit margin (Q1, 2018), %

16%

Net income (Q1, 2018)

(66.0m)

EBIT (Q1, 2018)

(1.0m)

Market capitalization (15-Oct-2018)

16.1b

Closing stock price (15-Oct-2018)

42.2

Cash (30-Jun-2018)

1.1b

EV

17.7b
National Oilwell Varco's current market capitalization is $16.1 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

19.1b17.2b11.7b5.4b7.3b

Revenue growth, %

(10%)(32%)(54%)36%

Cost of goods sold

14.4b12.4b9.4b5.7b6.4b

Gross profit

4.8b4.8b2.3b(320.0m)892.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

3.9b3.3b2.2b1.7b1.6b1.7b1.8b1.8b1.8b

Cost of goods sold

3.1b2.6b1.9b1.7b1.6b1.5b1.5b1.6b1.5b

Gross profit

855.0m672.0m244.0m35.0m79.0m209.0m231.0m285.0m287.0m

Gross profit Margin, %

22%20%11%2%5%12%13%16%16%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

3.4b3.5b2.1b1.4b1.4b

Accounts Receivable

2.0b

Prepaid Expenses

267.0m

Inventories

3.0b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

2.7b3.7b3.9b4.1b3.0b2.5b1.8b1.8b1.7b1.5b1.5b1.5b1.7b1.2b1.1b

Inventories

6.1b5.7b5.2b5.5b5.4b5.4b5.2b4.5b4.3b4.2b3.3b3.2b3.2b3.1b3.2b

Current Assets

16.3b17.2b16.0b16.7b15.3b14.2b12.9b10.0b9.2b8.7b7.7b7.7b7.8b7.2b7.0b

PP&E

3.3b3.4b3.4b3.4b3.2b3.3b3.1b3.3b3.3b3.3b3.1b3.1b3.0b2.9b2.9b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2.3b2.5b(767.0m)(2.4b)

Inventories

396.0m(710.0m)410.0m782.0m

Accounts Payable

9.0m95.0m(570.0m)(243.0m)

Cash From Operating Activities

3.4b2.6b1.3b960.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

1.7b589.0m(118.0m)(335.0m)(1.7b)(120.0m)(194.0m)(221.0m)(66.0m)(41.0m)

Depreciation and Amortization

555.0m195.0m381.0m579.0m190.0m380.0m564.0m175.0m353.0m529.0m175.0m349.0m523.0m173.0m347.0m

Inventories

(47.0m)(90.0m)(516.0m)(817.0m)(126.0m)(192.0m)(6.0m)112.0m320.0m430.0m65.0m122.0m103.0m(146.0m)(150.0m)

Accounts Payable

46.0m116.0m101.0m186.0m(201.0m)(343.0m)(460.0m)(157.0m)(190.0m)(230.0m)(26.0m)37.0m36.0m14.0m88.0m
USDY, 2018

EV/EBIT

-17.7 k x

EV/CFO

161 x

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.4 x
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National Oilwell Varco Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
STSAJuly 20, 2011

National Oilwell Varco Revenue Breakdown

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National Oilwell Varco revenue breakdown by business segment: 30.0% from Rig Technologies, 35.6% from Completion & Production Solutions and 34.4% from Wellbore Technologies

National Oilwell Varco revenue breakdown by geographic segment: 10.8% from Other Countries, 9.0% from Brazil, 55.8% from United States and 24.5% from Other

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National Oilwell Varco Online and Social Media Presence

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National Oilwell Varco News and Updates

Oilfield Services 2018 Global Market Key Players – Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, Weatherford – Analysis and Forecast to 2021

WiseGuyRerports.com Presents “Global Oilfield Services Market 2017-2021” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Intelligent Completion Market 2018 Key Players: Wheaterford, Bhge, Halliburton., National Oilwell Varco, Ouro Negro, Packers Plus Energy Services, Ciscon Nigeria.

WiseGuyReports.com adds “Intelligent Completion Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting 2025” reports tits database. Posted via Industry Today. Follow us on Twitter @IndustryToday

HDPE Flexible Pipe 2018 Global Market Key Players - National Oilwell Varco, Technip, Prysmian Group, GE Oil & Gas Corporation, Shawcor, Pipelife Nederland......

HDPE Flexible Pipe – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2025 Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Oil and Gas Drilling Automation Market 2018-2022 - Leading Vendors are ABB, Kongsberg Group, Nabors Industries, National Oilwell Varco, Pason Systems & Rockwell Automation

DUBLIN, Sept 11, 2018 /PRNewswire/ -- The "Global Oil and Gas Drilling Automation Market 2018-2022" report has been added to ResearchAndMarkets.com's offering. The global oil and gas drilling automation market to grow at a CAGR of 0.67% during the period 2018-2022. Global Oil and Gas...

Global PDC Drill Bits Market in Oil and Gas Industry 2018-2022 - Key Vendors are Atlas Copco, GE, Halliburton, National Oilwell Varco & Schlumberger

DUBLIN, Aug 17, 2018 /PRNewswire/ -- The "Global PDC Drill Bits Market in Oil and Gas Industry 2018-2022" report has been added to ResearchAndMarkets.com's offering. The global PDC drill bits market in oil and gas industry to grow at a CAGR of 4.36% during the period 2018-2022. Global PDC ...
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National Oilwell Varco Company Life and Culture

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