NOV Inc.
0K58.L
London Stock Exchange14.54
USD
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NOV Inc.
0K58.L
(London Stock Exchange)
Recent
price
14.54
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- NOV Inc. provides equipment, technologies, and services for oil and gas drilling, production, and industrial applications worldwide; the company operates through two segments, Energy Equipment and Energy Products and Services, with over 500 locations across six continents. Headquartered in Houston, Texas, NOV Inc. traces its roots to predecessors founded in 1862 and underwent a significant rebranding from National Oilwell Varco in January 2021. The company's core offerings encompass rig technologies including drilling rigs, top drives, drawworks, blowout preventers, mud pumps, and pipe handling systems; wellbore technologies such as drill bits, downhole tools, directional drilling systems, solids control, waste management equipment, drilling fluids, and managed pressure drilling solutions; completion and production solutions featuring intervention and stimulation equipment for pressure pumping, coiled tubing, wireline operations, composite piping systems, artificial lift pumps, subsea production systems, flexible pipe, completion tools for multistage hydraulic fracturing, liner hangers, and subsurface safety valves; fiberglass systems; power systems; and digital solutions including data analytics and automation. NOV Inc. serves upstream oil and gas operators, drilling contractors, well-servicing companies, and industrial clients, with expanding capabilities in energy transition technologies like onshore wind towers and renewables. Recent developments include the completion of its acquisition of the remaining stake in Keystone Tower Systems in the second quarter of 2024 to fully integrate proprietary spiral-welding technology for manufacturing taller wind turbine towers, securing an order for 300 such towers from a major turbine manufacturer; ongoing pursuit of opportunistic acquisitions to enhance strategic positioning as stated by CFO Jose Bayardo in July 2024; the launch of AgitatorX2, a new friction reduction tool to boost drilling efficiency in extended laterals; and a partnership with Venture Builder VC for the NOV Supernova Accelerator program launched in November 2024 to drive digital transformation in upstream oil and gas through startup pilots in data management, operational efficiency, HSE monitoring, predictive maintenance, and digital twins.