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NOV Inc - Stock Quote NOV

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Morningstar's NOV Inc Stock Analysis

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National Oilwell Varco Should Benefit From Oil Market's Ongoing Recovery From COVID-19

Preston Caldwell Senior Analyst

Business Strategy and Outlook

| Preston Caldwell |

National Oilwell Varco is the undisputed leader in providing rig equipment. The company built its empire through an aggressive campaign of acquisitions in the 1990s and 2000s, but it’s maintained that empire with unique scale economies and efficiencies in the business. Conveniently, National Oilwell’s dominance was established just in time for the rig-building boom of 2005-15, and the company feasted on profitable rig-building work during that period.

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Key Statistics - NOV

NOV Inc's Company Profile

Business Description

National Oilwell Varco is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with more than a thousand locations in six continents.

7909 Parkwood Circle Drive
Houston, TX, 77036-6565
T +1 713 346-7500
Sector Energy
Industry Oil & Gas Equipment & Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Distressed
Employees 27,043

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