NOV Inc. Overview
Pro stress-test →NOV Inc. is a leading independent provider of equipment and technology to the upstream oil and gas industry, specializing in drilling rig equipment, wellbore technologies, and completion and production solutions. The company generates approximately $8.7B in annual revenue and serves global markets with over 34,000 employees, positioning itself as a critical infrastructure player in energy production.
Strategic Profile
Pro stress-test →NOV operates through two primary segments—Energy Products and Services, and Energy Equipment—delivering proprietary technologies for drilling, completion, and production operations. The company benefits from geographic diversification with approximately two-thirds of revenue from international markets, providing resilience across regional commodity cycles while maintaining competitive advantages in specialized downhole tools, rig components, and drilling equipment.
Competitive Landscape
Pro stress-test →NOV competes in the oilfield equipment and services market against established players including Baker Hughes, SLB (Schlumberger), and Forum Energy Technologies. The company differentiates through specialized drilling equipment, integrated wellbore solutions, and global aftermarket service networks. Competition remains intense but NOV maintains leadership position in specific segments like land rig manufacturing and completion technologies.
Industry Context
NOV Inc. operates in Oilfield Equipment and Services / Energy Infrastructure.
Key facts
Founded: 1862 · Headquarters: Houston, US · Employees: 34,010 · Revenue: $8.74B · Market cap: $6.9B