NOV Inc. NOV

Company Overview

NOV Inc. is a global provider of equipment and technology used in the oil and gas exploration and production industry, serving both onshore and offshore markets. The company designs, manufactures, and services systems and components that support the drilling, completion, and production phases of hydrocarbon development. Its core customers include major integrated oil companies, national oil companies, independent exploration and production firms, and oilfield service contractors.

The company’s primary revenue drivers are its engineered equipment, aftermarket services, and consumable products that are essential to drilling and production operations. NOV is widely recognized for its scale, broad product portfolio, and installed base, which create recurring revenue opportunities through spare parts and services. Founded in 1841 and later transformed through a series of mergers and acquisitions, the modern NOV emerged following the combination of National Oilwell and Varco International in 2005, establishing a diversified oilfield equipment leader.