NYSE: NOV
Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.
Oilfield Services · Equipment Manufacturing
NOV Inc.
NOV Inc. (formerly National Oilwell Varco) is a leading manufacturer of oilfield equipment and components, headquartered in Houston.
NOV Inc. (formerly National Oilwell Varco) is a leading provider of equipment and technology for the oil and gas industry. Headquartered in Houston, NOV designs, manufactures, and sells systems and components used in oil and gas drilling and production, as well as industrial and renewable energy applications. The company's products include drilling rigs, rig components, downhole tools, and subsea equipment.
Headquarters
Houston, TX
Founded
1862 (heritage)
Employees
32,000+
Revenue
$8.5 billion (2023)
CEO
Jose Bayardo
Website
nov.comNOV's heritage dates back to 1862. The company was formed through the merger of National Oilwell and Varco International in 2005. It grew to become the dominant provider of drilling equipment and rig components worldwide. The company rebranded from National Oilwell Varco to NOV Inc. in 2021.
NOV operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The company manufactures everything from top drives and drawworks to drilling bits, tubulars, and completions equipment. NOV supplies virtually every major drilling contractor in the world.
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