NOV

NOV

Energy Oil & Gas Equipment & Services NYSE

About the company

With a rich history dating back to 1841, NOV (formerly National Oilwell Varco) has established itself as a prominent and reliable supplier in the oil and gas industry. Specializing in the provision of drilling rig equipment and products, including downhole tools, drill pipe, and well casing, the company plays a pivotal role in facilitating exploration and production operations worldwide. Operating on a global scale, NOV has a strong presence in international markets, which contribute significantly to its annual revenue. With a keen focus on meeting the evolving needs of its customers, the company has successfully navigated the challenges of the industry and positioned itself as a leader in its field. One of the key factors behind NOV's success is its comprehensive product portfolio. The company offers a wide range of equipment and tools designed to enhance drilling efficiency, increase safety, and maximize productivity. From wellhead equipment to sophisticated drilling controls, NOV's products are known for their quality, reliability, and innovation. Moreover, NOV's commitment to research and development has enabled it to stay at the forefront of technological advancements in the industry. By investing in cutting-edge technologies, the company continually introduces innovative solutions that address the industry's most critical challenges, such as improving drilling speed and accuracy, reducing downtime, and increasing overall operational efficiency. In addition to its focus on product excellence, NOV places great emphasis on building strong customer relationships. The company understands that the success of its business is closely tied to the success of its customers. To cater to their diverse needs, NOV provides comprehensive technical support and after-sales services, ensuring that its customers receive timely assistance and solutions. NOV's global operations span across all major oil and gas producing regions, including North America, Europe, Asia, and the Middle East. Through its extensive network of manufacturing facilities, distribution centers, and service locations, the company is able to deliver its products promptly to customers worldwide. This strategically positioned global infrastructure also enables NOV to provide localized support and resources, ensuring efficient deployment and maintenance of its equipment. Environmental stewardship and sustainability are integral to NOV's business practices. The company is committed to developing and implementing environmentally-friendly solutions that minimize the impact of drilling operations on ecosystems. This includes the use of advanced technology to reduce emissions, improve energy efficiency, and promote responsible waste management practices. As the oil and gas industry continues to evolve, NOV remains dedicated to adapting and innovating in order to meet the ever-changing needs of its customers. With a strong foundation built on experience, expertise, and a global reach, the company is well-positioned to continue driving progress in the oil and gas sector for years to come.

Website: https://www.nov.com

Data updated: June 2, 2026

Sector comparison

We compare this company with the typical (middle) company in the same industry to show how it looks against similar businesses. This is information, not a recommendation.

Energy · 238 peers in sector

Metric NOV Sector median Vs. industry
P/E 80.00 16.03 ↑ Above average
EPS 0.25 USD 0.91 USD ↓ Below average
Dividend yield 1.59% 1.56% ↑ Above average
Profit margin 1.05% 7.14% ↓ Below average
ROE 1.52% 9.86% ↓ Below average

Higher and lower here are only a comparison with the typical company in the industry — a higher or lower value on its own does not mean better or worse.

Financial statements & historical data

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Frequently Asked Questions

What is NOV?
With a rich history dating back to 1841, NOV (formerly National Oilwell Varco) has established itself as a prominent and reliable supplier in the oil and gas industry. Specializing in the provision of drilling rig equipment and products, including downhole tools, drill pipe, and well casing, the company plays a pivotal role in facilitating exploration and production operations worldwide. Operating on a global scale, NOV has a strong presence in international markets, which contribute significantly to its annual revenue. With a keen focus on meeting the evolving needs of its customers, the company has successfully navigated the challenges of the industry and positioned itself as a leader in its field. One of the key factors behind NOV's success is its comprehensive product portfolio. The company offers a wide range of equipment and tools designed to enhance drilling efficiency, increase safety, and maximize productivity. From wellhead equipment to sophisticated drilling controls, NOV's products are known for their quality, reliability, and innovation. Moreover, NOV's commitment to research and development has enabled it to stay at the forefront of technological advancements in the industry. By investing in cutting-edge technologies, the company continually introduces innovative solutions that address the industry's most critical challenges, such as improving drilling speed and accuracy, reducing downtime, and increasing overall operational efficiency. In addition to its focus on product excellence, NOV places great emphasis on building strong customer relationships. The company understands that the success of its business is closely tied to the success of its customers. To cater to their diverse needs, NOV provides comprehensive technical support and after-sales services, ensuring that its customers receive timely assistance and solutions. NOV's global operations span across all major oil and gas producing regions, including North America, Europe, Asia, and the Middle East. Through its extensive network of manufacturing facilities, distribution centers, and service locations, the company is able to deliver its products promptly to customers worldwide. This strategically positioned global infrastructure also enables NOV to provide localized support and resources, ensuring efficient deployment and maintenance of its equipment. Environmental stewardship and sustainability are integral to NOV's business practices. The company is committed to developing and implementing environmentally-friendly solutions that minimize the impact of drilling operations on ecosystems. This includes the use of advanced technology to reduce emissions, improve energy efficiency, and promote responsible waste management practices. As the oil and gas industry continues to evolve, NOV remains dedicated to adapting and innovating in order to meet the ever-changing needs of its customers. With a strong foundation built on experience, expertise, and a global reach, the company is well-positioned to continue driving progress in the oil and gas sector for years to come.
Are NOV shares expensive?
The price-to-earnings (P/E) ratio of NOV is 80.00 — the share price is 80.00 times the annual profit per share. That is higher than the typical company in the same industry (industry median: 16.03). This is information, not a recommendation. (as of 2026-06-02)
How big is NOV?
The market capitalization of NOV — the combined value of all its shares — is 7.18 B USD. The higher the market cap, the larger the company. (as of 2026-06-02)
Does NOV pay dividends?
The dividend yield of NOV is 1.59% — it shows the annual dividend relative to the share price. This is information, not a recommendation. (as of 2026-06-02)
What sector does NOV belong to?
NOV operates in the Energy sector, industry: Oil & Gas Equipment & Services.

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