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NOV - National Oilwell Varco Inc.


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NOV Profile

National Oilwell Varco Inc. logo

NOV Inc., based in Houston, Texas, is a global leader in designing, constructing, manufacturing, and selling systems, components, and products tailored for the oil and gas drilling and production sectors, as well as the industrial and renewable energy industries worldwide. The company operates through three primary segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies, each offering specialized equipment and services essential to their respective markets.

Within its Wellbore Technologies segment, NOV provides a diverse array of solutions including solids control equipment, portable power generation products, and advanced drill and wired pipes. The segment also delivers drilling optimization services and automation technologies, ensuring efficiency and safety in drilling operations. Additionally, NOV offers tubular inspection, repair, and coating services, along with a suite of instrumentation and monitoring solutions crucial for maintaining operational integrity.

Completion & Production Solutions focuses on hydraulic fracture stimulation technologies, featuring downhole multistage fracturing tools, pressure pumping trucks, and a full range of equipment for well completion and production enhancement. The segment also supplies composite pipe, surface transfer pumps, and artificial lift systems for onshore production, as well as floating production systems and subsea production technologies for offshore operations.

Under its Rig Technologies division, NOV manufactures a comprehensive portfolio of rig equipment including substructures, derricks, mud pumps, and pressure control systems. The division also provides sophisticated drilling rig instrumentation, control systems, and mooring machinery essential for offshore drilling operations, alongside equipment components for offshore wind construction vessels and pipelay systems.

Founded in 1862 and originally known as National Oilwell Varco, Inc., NOV Inc. rebranded in January 2021 to better reflect its diverse product offerings and global market presence. With a steadfast commitment to innovation and customer service, NOV continues to set industry standards by delivering cutting-edge technologies, comprehensive support services, and advanced training programs to meet the evolving needs of the energy sector worldwide.

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Stock Sector: Energy: Oil & Gas Equipment & Services

 

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