NOV Inc. NOV

NOV Company Overview

NOV Inc. is a U.S.-based energy equipment and technology company that primarily serves the global oil and gas industry. The company designs, manufactures, and supports equipment and components used in drilling, completion, production, and energy infrastructure operations. NOV operates across both onshore and offshore markets and provides products and services to exploration and production companies, drilling contractors, oilfield service providers, and industrial customers. Its operations span traditional hydrocarbons as well as selected energy transition and industrial applications.

The company’s primary revenue drivers include rig technologies, drilling systems, downhole tools, completion technologies, and aftermarket service and replacement parts. NOV has historically maintained a strong market position through its installed equipment base, long-term customer relationships, and broad global service network. The company traces its origins to National Oilwell and Varco International, which merged in 2005 to form National Oilwell Varco before rebranding as NOV Inc. in 2021. Over time, NOV expanded through acquisitions and integration of complementary oilfield technology businesses, becoming one of the largest diversified suppliers to the upstream energy sector.