NOV Management

Management criteria checks 3/4

NOV's CEO is Clay Williams, appointed in Dec 2012, has a tenure of 11.92 years. total yearly compensation is $12.98M, comprised of 7.6% salary and 92.4% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth $17.41M. The average tenure of the management team and the board of directors is 7.7 years and 10.8 years respectively.

Key information

Clay Williams

Chief executive officer

US$13.0m

Total compensation

CEO salary percentage	7.6%
CEO tenure	11.9yrs
CEO ownership	0.3%
Management average tenure	7.7yrs
Board average tenure	10.8yrs

Recent management updates

Recent updates

NOV's Selloff On Last Week's Events Is Likely Overdone, But Wait For The Dust To Settle

Feb 05

Earnings Beat: NOV Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Feb 04

Estimating The Intrinsic Value Of NOV Inc. (NYSE:NOV)

Jan 14

NOV Earnings Preview: Cash Flow Inflection Point Is Coming

Jan 08

We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt

Dec 18

NOV (NYSE:NOV) Is Looking To Continue Growing Its Returns On Capital

Dec 05

NOV (NYSE:NOV) Will Pay A Dividend Of $0.05

Nov 20

Here's Why We Think NOV (NYSE:NOV) Is Well Worth Watching

Oct 30

NOV: A Balanced Approach For Long-Term Investors

Oct 24

NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 38% Above Its Share Price

Oct 13

Returns Are Gaining Momentum At NOV (NYSE:NOV)

Sep 04

NOV: Riding The Wave Of International Drilling Growth

Aug 09

NOV Inc.'s (NYSE:NOV) P/S Still Appears To Be Reasonable

Jul 26

A Look At The Fair Value Of NOV Inc. (NYSE:NOV)

Jul 08

We Think NOV (NYSE:NOV) Is Taking Some Risk With Its Debt

Jun 19

NOV: A Hold Until Valuation Goes Down

May 26

NOV (NYSE:NOV) Is Looking To Continue Growing Its Returns On Capital

Apr 17

A Look At The Fair Value Of NOV Inc. (NYSE:NOV)

Mar 27

NOV (NYSE:NOV) Has A Somewhat Strained Balance Sheet

Mar 06

National Oilwell Varco declares $0.05 dividend

Feb 24

CEO Compensation Analysis

How has Clay Williams's remuneration changed compared to NOV's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$1b
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$986m
Dec 31 2023	US$13m	US$989k	US$993m
Sep 30 2023	n/a	n/a	US$499m
Jun 30 2023	n/a	n/a	US$417m
Mar 31 2023	n/a	n/a	US$331m
Dec 31 2022	US$13m	US$940k	US$155m
Sep 30 2022	n/a	n/a	US$11m
Jun 30 2022	n/a	n/a	-US$90m
Mar 31 2022	n/a	n/a	-US$185m
Dec 31 2021	US$11m	US$940k	-US$250m
Sep 30 2021	n/a	n/a	-US$557m
Jun 30 2021	n/a	n/a	-US$543m
Mar 31 2021	n/a	n/a	-US$610m
Dec 31 2020	US$11m	US$816k	-US$3b
Sep 30 2020	n/a	n/a	-US$3b
Jun 30 2020	n/a	n/a	-US$3b
Mar 31 2020	n/a	n/a	-US$8b
Dec 31 2019	US$13m	US$940k	-US$6b
Sep 30 2019	n/a	n/a	-US$6b
Jun 30 2019	n/a	n/a	-US$5b
Mar 31 2019	n/a	n/a	-US$40m
Dec 31 2018	US$14m	US$917k	-US$31m
Sep 30 2018	n/a	n/a	-US$57m
Jun 30 2018	n/a	n/a	-US$84m
Mar 31 2018	n/a	n/a	-US$183m
Dec 31 2017	US$13m	US$800k	-US$237m

Compensation vs Market: Clay's total compensation ($USD12.98M) is above average for companies of similar size in the US market ($USD7.97M).

Compensation vs Earnings: Clay's compensation has been consistent with company performance over the past year.

CEO

Clay Williams (61 yo)

11.9yrs

Tenure

US$12,975,182

Compensation

Mr. Clay C. Williams serves as the Chairman, President and Chief Executive Officer of National Oilwell Varco, L.P. Mr. Williams has been the Chairman and Chief Executive Officer at National Oilwell Varco N...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Clay Williams	Chairman	11.9yrs	US$12.98m	0.28% $ 17.4m
Jose Bayardo	Senior VP & CFO	9.3yrs	US$4.73m	0.10% $ 6.3m
Joseph Rovig	President of Energy Equipment	no data	US$3.47m	0.036% $ 2.3m
Christy Novak	VP, Corporate Controller & Chief Accounting Officer	3yrs	no data	0.00031% $ 19.3k
David Reid	Chief Marketing Officer & CTO	4.6yrs	no data	no data
Alex Philips	Chief Information Officer	9.3yrs	no data	no data
Bonnie Houston	Chief Administrative Officer	7.7yrs	no data	no data
Amie D'Ambrosio	Director of Investor Relations	no data	no data	no data
Craig Weinstock	Senior VP	10.1yrs	US$2.49m	0.044% $ 2.7m
Mike Loucaides	Chief Health	2.6yrs	no data	no data
Scott Livingston	President of Energy Products & Services	6.8yrs	no data	0.016% $ 987.3k
Brigitte Hunt	VP, Assistant General Counsel & Assistant Secretary	no data	no data	no data

7.7yrs

Average Tenure

57yo

Average Age

Experienced Management: NOV's management team is seasoned and experienced (7.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Clay Williams	Chairman	11yrs	US$12.98m	0.28% $ 17.4m
Ben Guill	Independent Director	25.8yrs	US$287.50k	0.032% $ 2.0m
David Harrison	Independent Director	21.3yrs	US$290.00k	0.023% $ 1.5m
Gregory Armstrong	Lead Independent Director	19.7yrs	US$302.50k	0.021% $ 1.3m
Eric Mattson	Independent Director	19.7yrs	US$292.50k	0.012% $ 745.3k
Patricia Melcher	Independent Director	less than a year	no data	0.000030% $ 1.9k
Marcela Donadio	Independent Director	10.6yrs	US$310.00k	0.015% $ 958.1k
William Thomas	Independent Director	9yrs	US$298.75k	0.014% $ 866.6k
Patricia Martinez	Independent Director	less than a year	no data	no data
Robert Welborn	Independent Director	3.1yrs	US$297.50k	0.0022% $ 135.6k

10.8yrs

Average Tenure

67.5yo

Average Age

Experienced Board: NOV's board of directors are seasoned and experienced ( 10.8 years average tenure).

NOV Management

Management criteria checks 3/4

Key information

Recent management updates

President of Energy Equipment recently sold US$1.2m worth of stock

Insider notifies of intention to sell stock

NOV Inc., Annual General Meeting, May 15, 2024

NOV Inc. Appoints Patricia Martinez to the Board of Directors

NOV Inc. Appoints Patricia Melcher to the Board of Directors, Effective January 17, 2024

NOV Inc. Announces Executive Changes

Recent updates

Third quarter dividend of US$0.075 announced

NOV Inc. Declares Regular Quarterly Dividend, Payable on December 20, 2024

President of Energy Equipment recently sold US$1.2m worth of stock

We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt

Insider notifies of intention to sell stock

NOV Is A Hold As It Expects Higher Drilling Activity By 2026

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Returns At NOV (NYSE:NOV) Are On The Way Up

NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 100% Above Its Share Price

Upcoming dividend of US$0.075 per share

NOV Inc.'s (NYSE:NOV) Shares Lagging The Market But So Is The Business

Second quarter dividend of US$0.075 announced

NOV Inc. Declares Regular Quarterly Dividend, Payable on September 27, 2024

Investor sentiment deteriorates as stock falls 16%

New major risk - Revenue and earnings growth

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Is NOV (NYSE:NOV) Using Too Much Debt?

NOV Inc. Provides Consolidated Earnings Guidance for the Third Quarter and Full Year 2024

Here's Why NOV (NYSE:NOV) Has Caught The Eye Of Investors

NOV: A Top Oil And Gas Services Pick Under Quiet Accumulation

NOV Inc. to Report Q2, 2024 Results on Jul 25, 2024

Upcoming dividend of US$0.075 per share

Returns On Capital Are Showing Encouraging Signs At NOV (NYSE:NOV)

NOV's (NYSE:NOV) Upcoming Dividend Will Be Larger Than Last Year's

First quarter dividend increased to US$0.075

NOV Inc. Declares Regular Quarterly Cash Dividend, Payable on June 28, 2024

Is NOV Inc. (NYSE:NOV) Trading At A 22% Discount?

Now 23% undervalued after recent price drop

NOV Inc. (NYSE:NOV) announces an Equity Buyback for $1,000 million worth of its shares.

NOV Inc. (NYSE:NOV) announces an Equity Buyback for $1,000 million worth of its shares.

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

NOV (NYSE:NOV) Has A Pretty Healthy Balance Sheet

NOV: Energy Supplier Sees Some Energy Itself

Now 21% undervalued after recent price drop

Cemc Services, LLC completed the acquisition of Ameron Pole Products LLC from NOV Inc. (NYSE:NOV).

NOV Inc., Annual General Meeting, May 15, 2024

NOV Inc. to Report Q1, 2024 Results on Apr 25, 2024

Cemc Services, LLC entered into a Membership Interest Purchase Agreement to acquire Ameron Pole Products LLC from NOV Inc. (NYSE:NOV) for $180 million.

NOV (NYSE:NOV) Is Paying Out A Dividend Of $0.05

NOV Inc. Appoints Patricia Martinez to the Board of Directors

Upcoming dividend of US$0.05 per share

Some Confidence Is Lacking In NOV Inc.'s (NYSE:NOV) P/S

Fourth quarter dividend of US$0.05 announced

There May Be Underlying Issues With The Quality Of NOV's (NYSE:NOV) Earnings

NOV Inc. Declares Regular Quarterly Dividend, Payable on March 28, 2024

NOV's Selloff On Last Week's Events Is Likely Overdone, But Wait For The Dust To Settle

Earnings Beat: NOV Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

New major risk - Revenue and earnings growth

Now 25% undervalued after recent price drop

NOV Inc. (NYSE:NOV) acquired Extract Production Services, LLC.

NOV Inc. Appoints Patricia Melcher to the Board of Directors, Effective January 17, 2024

Estimating The Intrinsic Value Of NOV Inc. (NYSE:NOV)

NOV Earnings Preview: Cash Flow Inflection Point Is Coming

We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt

NOV (NYSE:NOV) Is Looking To Continue Growing Its Returns On Capital

Upcoming dividend of US$0.05 per share at 1.1% yield

NOV (NYSE:NOV) Will Pay A Dividend Of $0.05

NOV Inc. Declares Regular Quarterly Dividend, Payable on December 22, 2023

Here's Why We Think NOV (NYSE:NOV) Is Well Worth Watching

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

NOV Inc. Announces Executive Changes

NOV: A Balanced Approach For Long-Term Investors

NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 38% Above Its Share Price

Now 21% undervalued

NOV Inc. to Report Q3, 2023 Results on Oct 26, 2023

Now 20% undervalued

Upcoming dividend of US$0.05 per share at 0.9% yield

Returns Are Gaining Momentum At NOV (NYSE:NOV)

NOV Inc. Declares Regular Quarterly Cash Dividend, Payable on September 29, 2023