NOV Inc.

NOV Inc. (formerly National Oilwell Varco) is a leading provider of equipment, components, and services to the global oil and gas industry. The company designs, manufactures, and sells drilling rig systems, downhole tools, and production equipment, as well as providing aftermarket parts and services. NOV operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. Its products are used in onshore and offshore drilling, well completion, and production operations.

NOV generates revenue primarily from the sale of capital equipment (e.g., drilling rigs, pressure pumping units) and aftermarket services such as spare parts, repair, and maintenance. The company also earns from technology licensing and software solutions for drilling optimization. Revenue is cyclical and tied to oil and gas exploration and production spending. In the latest quarter (2026Q1), revenue was $2.05 billion, with net income of $19 million.

NOV competes in the Oil & Gas Equipment & Services industry, alongside companies like Schlumberger, Halliburton, and Baker Hughes. It is positioned as a technology-focused equipment provider with a strong aftermarket presence. The company has a market cap of $7.23 billion and trades at a high P/E of 83.92 due to depressed earnings. Its EV/EBITDA of 9.13 is moderate, and it offers a dividend yield of 2.69%.

NOV's customers include oil and gas operators, drilling contractors, and service companies worldwide. Key geographic markets are North America (especially the U.S. and Canada), the Middle East, and offshore regions like the North Sea and Gulf of Mexico. The company's revenue is sensitive to commodity prices and drilling activity, with recent declines in revenue (-2.43% YoY) and earnings (-73.97% YoY) reflecting industry headwinds.

An auto-generated descriptive profile based on company data, for informational purposes only.