Business mix
- It operates in two segments, Energy Equipment, and Energy Products and Services.
- Its Energy Equipment segment provides drilling equipment, such as land rigs, complete offshore drilling packages, and rig components.
- The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021.
- NOV Inc. was founded in 1862 and is based in Houston, Texas.
Current key questions
- How sensitive are revenue and cash flow to commodity prices, production volumes, and demand in oil & gas equipment & services?
- Can capital spending, reserves, decline rates, and operating costs support durable free cash flow?
- Do balance-sheet discipline and shareholder returns remain resilient across the energy cycle?
