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.


Type
Public
HQ
Houston, US
Founded
1841
Size (employees)
36,140 (est)
Website
nov.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 Beijing, Evansville, Rio de Janeiro, Nantes and in 37 other locations
Houston, US (HQ)
7909 Parkwood Cir Dr
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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 $5.35 b in FY, 2016 which is a 54.3% decrease from the previous period.
USD

Revenue (Q1, 2018)

1.8 b

Gross profit (Q1, 2018)

287 m

Gross profit margin (Q1, 2018), %

16%

Net income (Q1, 2018)

(66 m)

EBIT (Q1, 2018)

(1 m)

Market capitalization (11-Jul-2018)

17 b

Closing share price (11-Jul-2018)

44.5

Cash (31-Mar-2018)

1.2 b

EV

18.5 b
National Oilwell Varco's current market capitalization is $17 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

19.1 b17.2 b11.7 b5.4 b

Revenue growth, %

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

Cost of goods sold

14.4 b12.4 b9.4 b5.7 b

Gross profit

4.8 b4.8 b2.3 b(320 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

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

Cost of goods sold

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

Gross profit

855 m672 m244 m35 m79 m209 m231 m285 m287 m

Gross profit Margin, %

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

Cash

3.4 b3.5 b2.1 b1.4 b

Current Assets

16.4 b16.2 b11.8 b7.9 b

PP&E

3.4 b3.4 b3.1 b3.2 b

Goodwill

9 b8.5 b7 b6.1 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

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

Inventories

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

Current Assets

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

PP&E

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

Net Income

2.3 b2.5 b(767 m)(2.4 b)

Inventories

396 m(710 m)410 m782 m

Accounts Payable

9 m95 m(570 m)(243 m)

Cash From Operating Activities

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

Net Income

1.7 b589 m(118 m)(335 m)(1.7 b)(120 m)(194 m)(221 m)(66 m)

Depreciation and Amortization

555 m195 m381 m579 m190 m380 m564 m175 m353 m529 m175 m349 m523 m173 m

Inventories

(47 m)(90 m)(516 m)(817 m)(126 m)(192 m)(6 m)112 m320 m430 m65 m122 m103 m(146 m)

Accounts Payable

46 m116 m101 m186 m(201 m)(343 m)(460 m)(157 m)(190 m)(230 m)(26 m)37 m36 m14 m
USDY, 2018

EV/EBIT

-18.5 k x

EV/CFO

-143.2 x

Financial Leverage

1.4 x
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National Oilwell Varco Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
STSA July 20, 2011
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National Oilwell Varco Online and Social Media Presence

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National Oilwell Varco News and Updates

Flexible Tube Global Market 2018: Key Players – National Oilwell Varco, Technip, Deepflex, Soluforce, Flexpipe Systems

Flexible Tube -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday
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National Oilwell Varco Company Life and Culture

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