NOV could get a bigger lift than many expect as offshore work picks up, more international drilling adopts proven shale tools, and digital automation shifts more of its business toward higher-quality repeat revenue. But a faster move away from oil and gas, tougher rules, and rising costs could squeeze demand and margins just as the company tries to reinvent itself.Read more
NOV still depends heavily on oil and gas drilling equipment, and a faster shift toward cleaner energy could quietly shrink the demand for what it sells over time. See why efficiency tech, tougher climate rules, and bigger rivals could pressure its business—and what signs might prove that worry wrong.Read more
Offshore drilling is expected to pick up again, and NOV could benefit as oil and gas producers spend more on complex deepwater projects and overseas development. The upside comes from selling more high-end equipment and software-led automation, but pricing pressure, trade disruptions, and uneven activity in key regions could still hold results back.Read more
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates in two segments, Energy Equipment, and Energy Products and Services. The Energy Products and Services segment offers drill bits and borehole enlargement products; independent drilling and intervention downhole tools equipment; frac plugs, frac sleeves, toe initiation burst port systems, and recyclable setting tools; electric submersible pumps, high viscosity pumps, and surface pumps; tubular coating and inspection services for drill-pipe and other oil country tubular goods; solids control and waste management equipment and services; data and digital solutions; precision-engineered drill pipe and drill-stem equipment; connectors and integral thread solutions, including conductor strings, surface casing, and liners; and composite pipe, tanks, and structures. Its Energy Equipment segment provides drilling equipment, such as land rigs, complete offshore drilling packages, and rig components; capital equipment, related consumables, and digital products for hydraulic stimulation, coiled tubing, and wireline services; marine and construction solutions; processing solutions for the separation and treatment of oil, gas, solids, seawater, and produced water production; flexible subsea pipe systems; cavity pumps, specialized mixers and heat exchangers; and reciprocating, multistage, and progressive cavity pumps, midstream products, including closures, transfer pumps, chokes and valves, as well as artificial lift support systems that include production BOPs and stuffing boxes. 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.
