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.