NOV Inc.

NOV Inc., formerly National Oilwell Varco, is an American multinational corporation headquartered in Houston, Texas. The company is a worldwide provider of equipment, components, and services primarily for the upstream oil and gas industry, encompassing drilling and production operations, as well as supply chain integration services. With a history spanning over 150 years, NOV's mission is to empower the global energy industry by delivering technology-driven solutions that enable customers to safely produce abundant energy while minimizing environmental impact and assisting in the energy transition.

NOV operates through two primary segments: Energy Equipment and Energy Products and Services. The Energy Equipment segment provides a wide array of capital-intensive systems, including drilling rigs, rig components, marine construction equipment, and processing solutions for oil and gas. The Energy Products and Services segment offers consumable products and integrated field support such as drill bits, downhole tools, drilling and completion fluids, data acquisition technologies, and coating services. The company has also expanded its focus to include industrial and renewable energy applications, developing solutions for offshore wind farms, advanced nuclear markets, and geothermal energy.

Jose Bayardo assumed the role of Chairman, President, and CEO on January 1, 2026. In recent news, NOV Inc. declared a regular quarterly cash dividend of $0.09 per share and a supplemental cash dividend of $0.09 per share, both payable in June 2026. The company also recently sold its advanced nuclear development company, Shepherd Power, to Natura Resources LLC, and simultaneously entered into a strategic partnership with Natura to deploy small modular reactors (SMRs). Other notable developments include securing contracts for a next-generation wind turbine installation vessel and a submerged swivel and yoke system for FLNG development, as well as partnering with AIQ for AI-enabled drilling optimization.