National Oilwell Varco

National Oilwell Varco (NYSE: NOV) is a worldwide leader 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.

Every day, thousands of the industry’s best minds put more than 150 years of experience to work to help our customers achieve lasting success. Our partnership with our customers has led to the innovation of some of the highest quality products on the market.

Through our broad capabilities and vision, NOV’s family of companies is positioned and ready to serve the needs of this challenging, evolving industry. NOV has the technical expertise, advanced equipment and readily available support necessary for our customers’ success.

Company Growth (employees)
Houston, US
Size (employees)
36,140 (est)
National Oilwell Varco was founded in 1841 and is headquartered in Houston, US

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
Bonnie Houston

Bonnie Houston

Senior Vice President Human Resources & Administration
Bill Crabbe

Bill Crabbe

Chief Health, Safety and Environment Officer
Alex Philips

Alex Philips

Chief Information Officer
Rodney Reed

Rodney Reed

Vice President Corporate Development
Jose Bayardo

Jose Bayardo

Senior Vice President and Chief Financial Officer
Kirk Shelton

Kirk Shelton

President, Completion and Production Solutions
Loren Singletary

Loren Singletary

Vice President of Investor and Industry Relations
Scott Duff

Scott Duff

Chief Accounting Officer, Vice President & Corporate Controller

National Oilwell Varco Office Locations

National Oilwell Varco has offices in Houston, Carlsbad, Singapore, Edmonton and in 37 other locations
Houston, US (HQ)
7909 Parkwood Cir Dr
Show all (41)

National Oilwell Varco Financials and Metrics

National Oilwell Varco Financials

National Oilwell Varco's revenue was reported to be $5.4 b in FY, 2016 which is a 54% decrease from the previous period.

Revenue (FY, 2016)

5.4 b

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

(320 m)

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(2.4 b)

EBIT (FY, 2016)

(2.4 b)

Market capitalization (17-Oct-2017)

13.2 b

Cash (31-Dec-2016)

1.4 b


14.5 b
National Oilwell Varco's current market capitalization is $13.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


19.1 b17.2 b11.7 b5.4 b

Revenue growth, %


Cost of goods sold

14.4 b12.4 b9.4 b5.7 b

Gross profit

4.8 b4.8 b2.3 b(320 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016


3.4 b3.5 b2.1 b1.4 b

Current Assets

16.4 b16.2 b11.8 b7.9 b


3.4 b3.4 b3.1 b3.2 b


9 b8.5 b7 b6.1 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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


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
USDY, 2016


-6 x


15.1 x


133 k


0.2 x


0.1 x

Financial Leverage

1.5 x
Show all financial metrics

National Oilwell Varco Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
STSAJuly 20, 2011

National Oilwell Varco Market Value History

National Oilwell Varco Median Salaries

Source: 408 public H-1B filings from National Oilwell Varco

Traffic Overview of National Oilwell Varco

National Oilwell Varco Online and Social Media Presence

National Oilwell Varco Company Life and Culture

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