NOV Inc. (NOV)

NOV Inc. (NOV), formerly National Oilwell Varco, is a global leader in providing technology and equipment to the energy industry, headquartered in Houston, Texas. Led by Chairman, President, and CEO Clay Williams, NOV’s strategic mission is to "equip the world to harness energy safely and efficiently through purposeful innovation and service above all." The company holds a dominant industry position as the "Backbone of the Oilfield," providing the majority of the equipment used in global drilling and production operations. The company’s vision is to be the essential technology partner for the entire energy value chain, from traditional fossil fuels to emerging renewables. In late 2025, NOV stock has been supported by a massive Energy Equipment backlog of over $4.56 billion and a robust book-to-bill ratio of 141%.

The business operations of NOV Inc. are organized into Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. In fiscal 2025, the company reported annual revenues near $8.8 billion, driven by strong demand for its "Digital Automation" tools that improve drilling speed and reduce well costs. A primary growth driver is the "Middle East Expansion," where NOV has set new records for penetration rates in unconventional fields through its integrated BHA (Bottom Hole Assembly) solutions. The 2026 strategic roadmap focuses on "The New Energy Transition," leveraging its expertise in offshore wind and carbon capture technology to diversify its revenue streams. NOV holds an "Install-Base Moat," as thousands of existing rigs and production facilities worldwide require its proprietary spare parts and maintenance services. This high-margin "Aftermarket" business provides a stable cash flow floor even during periods of lower capital spending by oil majors.

Investors tracking NOV Inc. (NOV) on the New York Stock Exchange (NYSE) view the company as a key beneficiary of the long-term international and offshore recovery. The NOV stock price is a leading indicator for the global energy service cycle, and for those watching NOV stock, the company’s ability to generate $181 million in net income during the first half of 2025 signals a strong operational turnaround. With its global footprint spanning six continents and over 500 locations, NOV stock remains a foundational investment for those seeking diversified exposure to the essential equipment that powers the global energy industry.