NOV Inc. Overview
Industry: Oil & Gas Equipment & Services
Sector: Energy
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. It provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation; measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits. The company also offers equipment and technologies for hydraulic fracture stimulation, including downhole multistage fracturing tools, pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds; coiled tubing units, and wireline units and tools; connections and liner hangers; onshore production consists of composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and offshore production, such as floating production systems and subsea production technologies, as well as manufactures industrial pumps and mixers. In addition, it provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; pressure control equipment; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; equipment components for offshore wind construction vessels; and pipelay and construction systems. Further, the company offers spare parts, repair, and rentals as well as comprehensive remote equipment monitoring, technical support, field service, and customer training. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas. NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Techn Read MoreMavefund brings filings, fundamentals, valuation, price history and news for NOV Inc. into one research view. The sections below show what strengthens or weakens the research case.
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Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Revenue was $2.1B (+4% YoY). Operating income was $193M. Net income was $112M.
What changed
- Revenue +4% YoY to $2.1B.
Guidance / outlook
management expects year-over-year consolidated revenues to be flat to up 2 percent, with Adjusted EBITDA expected to be between $240 million and $270 million.
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
Other recent earnings materials
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Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
Indonesia's e-commerce firms to collect tax on sellers' income starting Nov 1
Headline from Reuters: Indonesia's e-commerce firms to collect tax on sellers' income starting Nov 1.
NOV Inc. stock underperforms Wednesday when compared to competitors
Headline from MarketWatch: NOV Inc. stock underperforms Wednesday when compared to competitors.
NOV Inc. stock underperforms Tuesday when compared to competitors despite daily gains
Headline from MarketWatch: NOV Inc. stock underperforms Tuesday when compared to competitors despite daily gains.
Zacks Industry Outlook NOV, Oil States International and Natural Gas Services
Headline from Yahoo Finance: Zacks Industry Outlook NOV, Oil States International and Natural Gas Services.
NOV (NOV) Stock Still Looks Undervalued Despite Its 64% Run
Headline from Yahoo Finance: NOV (NOV) Stock Still Looks Undervalued Despite Its 64% Run.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.