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NOV revenue decreased from $8.5 billion in 2019 to $6.1 billion in 2020, a (28.2%) decrease.

Annual Revenue ($)

NOV revenue was $6.09 b in FY, 2020 which is a (28.2%) year over year decrease from the previous period.

Quarterly Revenue ($)

FY, 2018FY, 2019FY, 2020
Revenue$8.45 b$8.48 b$6.09 b
Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q2, 2021
Revenue$1.94 b$2.13 b$2.13 b$1.88 b$1.5 b$1.38 b$1.42 b

Annual Growth Rate (%)

Revenue Breakdown

Business Segment

Geographic Segment

NOV revenue breakdown by business segment: 30.0% from Wellbore Technologies, 30.9% from Rig Technologies and 39.1% from Completion & Production Solutions

NOV revenue breakdown by geographic segment: 26.8% from United States, 37.0% from Other Countries, 7.6% from Norway, 5.6% from Saudi Arabia and 23.0% from Other

FY, 2020FY, 2019FY, 2018
Wellbore Technologies$1.87 b$3.21 b$3.24 b
Rig Technologies$1.92 b$2.68 b$2.58 b
Completion & Production Solutions$2.43 b$2.77 b$2.93 b
FY, 2020FY, 2019FY, 2018
South Korea$33 m$69 m$169 m
United Arab Emirates$221 m$224 m$248 m
United States$1.63 b$3.11 b$3.48 b
Brazil$224 m$269 m$415 m
United Kingdom$222 m$333 m$309 m
Canada$168 m$247 m$302 m
Singapore$242 m$473 m$321 m
China$288 m$285 m$231 m
Other Countries$2.25 b$2.52 b$2.17 b
Norway$464 m$512 m$368 m
Saudi Arabia$343 m$436 m$444 m

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