National Oilwell Varco
7909 Parkwood Circle Drive
Houston, Texas 77036
National Oilwell Varco (NOV) provides the design and manufacturing of drilling equipment to the oil and gas industry. Headquartered in Houston, Texas, NOV manages operations for 2,371 rigs in its U.S fleet.
NOV manages its business operations in three segments, NOV Rig Systems, NOV Wellbore Technologies, and NOV Completion & Production Solutions. NOV Rig Systems handles the manufacturing of drilling rigs for land and offshore wells. NOV Rig Systems continually improves its equipment technology including the utilization of robotics to increase automation and shorten lead times for the industry. The company also provides aftermarket services for their rig systems. NOV Wellbore Technologies designs the equipment needed for wellbore construction including fluid control systems, tubular inspection services, downhole products and automated solutions. NOV Completion & Production Solutions designs and manufactures equipment and systems for oil and gas production. This includes providing customers with fiberglass systems, floating production systems, intervention and stimulation equipment, process and flow technologies, subsea production systems, and XL systems.
National Oilwell Varco is registered on the New York Stock Exchange under the symbol “NOV.” National Oilwell Varco has seen good years on the stock market, but the company’s stock is ultimately tied to the oil industry and the price of oil.