NOV 📈 NOV - Overview

NOV Inc. is a leading provider of equipment and services for the oil and gas, industrial, and renewable energy sectors, operating globally with a presence in the United States and internationally. The company's operations are divided into two main segments: Energy Equipment and Energy Products and Services, allowing it to cater to a wide range of customer needs. Its product portfolio includes solids control and waste management equipment, managed pressure drilling systems, drilling fluids, and premium drillpipe, among others. Additionally, NOV Inc. offers drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits, showcasing its comprehensive approach to supporting drilling and production activities.

The company's equipment and technologies for hydraulic fracture stimulation are also noteworthy, featuring downhole multistage fracturing tools, pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds. Furthermore, NOV Inc. provides coiled tubing units, wireline units and tools, connections and liner hangers, as well as onshore production equipment such as composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems. Its offshore production capabilities include floating production systems and subsea production technologies, demonstrating the company's ability to support complex operations in diverse environments. The manufacture of industrial pumps and mixers is another key aspect of NOV Inc.'s business, highlighting its commitment to serving a broad range of industries.

NOV Inc.'s product range extends to substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; pressure control equipment; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; and equipment components for offshore wind construction vessels. The company also offers pipelay and construction systems, spare parts, repair, and rentals, as well as comprehensive remote equipment monitoring, technical support, field service, and customer training. This extensive range of products and services enables NOV Inc. to provide tailored solutions to its customers, supporting their operational efficiency and productivity. With a history dating back to 1862 and a global presence, NOV Inc. has established itself as a trusted partner in the energy and industrial sectors.

Formerly known as National Oilwell Varco, Inc., the company changed its name to NOV Inc. in January 2021, marking a new chapter in its evolution. Headquartered in Houston, Texas, NOV Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol NOV, and its common stock is classified under the GICS Sub Industry: Oil & Gas Equipment & Services. With a strong foundation in the energy sector, NOV Inc. is well-positioned to navigate the complexities of the global energy landscape, providing innovative solutions to meet the evolving needs of its customers. For more information, please visit the company's website at https://www.nov.com, or refer to its ISIN: US62955J1034.