NOV on NYSE

National Oilwell Varco

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons⁶

U.S. energy company

NOV, formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas. It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. The company conducts operations in more than 500 locations across six continents, operating through two reporting segments: Energy Equipment and Energy Products and Services.³ Wikipedia text CC BY-SA 4.0

$18.64 down 0.11 (0.59%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 21, 2026.

Overview

1862Founded¹

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TickerNOV on NYSE¹
IndustryOil & Gas Field Machinery & Equipment¹
HeadquartersHouston¹
Websitewww.nov.com
Legal formDelaware corporation¹
Incorporated inDE⁷
Business address10353 Richmond Ave., Houston, Tx 77042⁷
Filer categoryLarge accelerated filer⁷
LEI549300EHF3IW1AR6U008⁴
StatusActive⁴
LEI statusLapsed (not renewed)⁴
Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States⁴
Registered withDivision of Corporations, Department of State, 2524592⁴

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

20.2%Gross margin¹²

5.6%Operating margin¹²

1.7%Net margin¹²

-1.4%Revenue growth, 2025¹²

2.3%Return on equity¹²

0.27×Debt to equity¹²

$876.0MFree cash flow¹²

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 66% of the revenue National Oilwell Varco broke down this way in fiscal 2025.

Product$5.8B¹²66%down 0% from 2024
Service$2.0B¹²22%down 2% from 2024
Rental$963.0M¹²11%down 8% from 2024
Royalty$57.0M¹²1%down 15% from 2024

Products and services by year

Products and services	2023	2024	2025
Product	$5.8B	$5.8B	$5.8B
Service	$1.8B	$2.0B	$2.0B
Rental	$1.0B	$1.0B	$963.0M
Royalty	$78.0M	$67.0M	$57.0M

Business segments

Energy Equipments brought in 55% of the revenue National Oilwell Varco broke down this way in fiscal 2025.

Energy Equipments$4.9B¹²55%up 1% from 2024
Energy Products and Services$4.0B¹²45%down 4% from 2024

Business segments by year

Business segments	2023	2024	2025
Energy Equipments	$4.7B	$4.9B	$4.9B
Energy Products and Services	$4.1B	$4.1B	$4.0B

Regions

Other Countries brought in 45% of the revenue National Oilwell Varco broke down this way in fiscal 2025.

Other Countries$3.9B¹²45%down 13% from 2024
United States$3.0B¹²34%up 0% from 2024
NO$907.0M¹²10%up 27% from 2024
Brazil$896.0M¹²10%up 45% from 2024

Regions by year

Regions	2023	2024	2025
Other Countries	$4.6B	$4.6B	$3.9B
United States	$2.9B	$3.0B	$3.0B
NO	$473.0M	$714.0M	$907.0M
Brazil	$605.0M	$618.0M	$896.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenueSelling, general and admin

Cost of revenue80¢$7.0B
Selling, general and admin14¢$1.2B
Other costs1¢$107.0M
Interest1¢$88.0M
Income tax3¢$224.0M
Profit2¢$145.0M

Out of $8.7B in revenue.¹²

Where each dollar of operating cash went, fiscal 2025

Capital spendingDividends paidShare buybacksKept or used elsewhere

Capital spending30¢$375.0M
Dividends paid15¢$190.0M
Share buybacks25¢$315.0M
Kept or used elsewhere30¢$371.0M

Out of $1.3B of cash from operations.¹²

Financial statements

Revenue¹³¹⁴¹⁵¹⁶¹²$8.7B in 2025+3% since 2019

Gross profit¹³¹⁴¹⁵¹⁶¹²$1.8B in 2025+109% since 2019

Operating income¹³¹⁴¹⁵¹⁶¹²$494.0M in 2025

Net income¹³¹⁴¹⁵¹⁶¹²$145.0M in 2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.¹²

Period ending	2025-12-31	2024-12-31	2023-12-31
Revenue	$8.7B	$8.9B	$8.6B
Cost of revenue	$7.0B	$6.9B	$6.8B
Gross profit	$1.8B	$2.0B	$1.8B
Selling, general and administrative	$1.2B	$1.1B	$1.2B
Goodwill and long-lived asset impairment	$70.0M
Operating profit	$494.0M	$876.0M	$651.0M
Interest and financial costs	-$88.0M	-$91.0M	-$88.0M
Interest income	$51.0M	$38.0M	$28.0M
Equity income (loss) in unconsolidated affiliates	-$16.0M	$36.0M	$119.0M
Other expense, net	-$66.0M	-$28.0M	-$98.0M
Income before income taxes	$375.0M	$831.0M	$612.0M
Provision (benefit) for income taxes	$224.0M	$196.0M	-$373.0M
Net income	$151.0M	$635.0M	$985.0M
Net income (loss) attributable to noncontrolling interests	$6.0M	$0	-$8.0M
Net income attributable to Company	$145.0M	$635.0M	$993.0M
Basic	$0.39	$1.62	$2.53
Diluted	$0.39	$1.60	$2.50
Cash dividends per share	$0.51	$0.28	$0.20
Basic	372.0M shares	392.0M shares	393.0M shares
Diluted	375.0M shares	396.0M shares	397.0M shares

Total assets¹³¹⁴¹⁵¹⁶¹²$11.3B in 2025−14% since 2019

Total liabilities²⁰¹³¹⁴¹⁵¹⁶¹²$5.0B in 2025−6% since 2019

Shareholders’ equity²⁰¹³¹⁴¹⁵¹⁶¹²$6.3B in 2025−19% since 2019

Cash²⁰¹³¹⁴¹⁵¹⁶¹²$1.6B in 2025+33% since 2019

Long-term debt²⁰¹³¹⁴¹⁵¹⁶¹²$1.7B in 2025−15% since 2019

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.¹²

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	$1.6B	$1.2B
Receivables, net	$1.7B	$1.8B
Inventories, net	$1.8B	$1.9B
Contract assets	$596.0M	$577.0M
Prepaid and other current assets	$172.0M	$212.0M
Total current assets	$5.8B	$5.8B
Property, plant and equipment, net	$2.0B	$1.9B
Lease right-of-use assets, operating	$315.0M	$353.0M
Lease right-of-use assets, financing	$187.0M	$196.0M
Deferred income taxes	$358.0M	$413.0M
Goodwill	$1.6B	$1.6B	$1.6B
Intangibles, net	$455.0M	$508.0M	$450.0M
Investment in unconsolidated affiliates	$163.0M	$163.0M	$211.0M
Other assets	$361.0M	$406.0M
Total assets	$11.3B	$11.4B	$11.3B
Accounts payable	$831.0M	$837.0M
Accrued liabilities	$822.0M	$861.0M
Contract liabilities	$565.0M	$492.0M
Current portion of lease liabilities	$101.0M	$102.0M
Current portion of long-term debt	$30.0M	$37.0M
Accrued income taxes	$57.0M	$18.0M
Total current liabilities	$2.4B	$2.3B
Long-term debt	$1.7B	$1.7B
Lease liabilities	$521.0M	$544.0M
Deferred income taxes	$93.0M	$56.0M
Other liabilities	$261.0M	$283.0M
Total liabilities	$5.0B	$4.9B
Common stock - par value $.01; 1 billion shares authorized; 360,803,354 and 381,549,541 shares issued and outstanding at December 31, 2025 and December 31, 2024	$4.0M	$4.0M
Additional paid-in capital	$8.4B	$8.6B
Accumulated other comprehensive loss	-$1.4B	-$1.6B
Retained deficit	-$673.0M	-$628.0M
Total Company stockholders' equity	$6.3B	$6.4B
Noncontrolling interests	$54.0M	$52.0M
Total stockholders equity	$6.3B	$6.4B	$6.2B	$5.1B
Total liabilities and stockholders equity	$11.3B	$11.4B
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	1.0B shares	1.0B shares
Common stock, shares issued	360.8M shares	381.5M shares
Common stock, shares outstanding	360.8M shares	381.5M shares

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	$1.6B	$1.2B
Receivables, net	$1.7B	$1.8B
Inventories, net	$1.8B	$1.9B
Contract assets	$596.0M	$577.0M
Prepaid and other current assets	$172.0M	$212.0M
Total current assets	$5.8B	$5.8B
Property, plant and equipment, net	$2.0B	$1.9B
Lease right-of-use assets, operating	$315.0M	$353.0M
Lease right-of-use assets, financing	$187.0M	$196.0M
Deferred income taxes	$358.0M	$413.0M
Goodwill	$1.6B	$1.6B	$1.6B
Intangibles, net	$455.0M	$508.0M	$450.0M
Investment in unconsolidated affiliates	$163.0M	$163.0M	$211.0M
Other assets	$361.0M	$406.0M
Total assets	$11.3B	$11.4B	$11.3B
Accounts payable	$831.0M	$837.0M
Accrued liabilities	$822.0M	$861.0M
Contract liabilities	$565.0M	$492.0M
Current portion of lease liabilities	$101.0M	$102.0M
Current portion of long-term debt	$30.0M	$37.0M
Accrued income taxes	$57.0M	$18.0M
Total current liabilities	$2.4B	$2.3B
Long-term debt	$1.7B	$1.7B
Lease liabilities	$521.0M	$544.0M
Deferred income taxes	$93.0M	$56.0M
Other liabilities	$261.0M	$283.0M
Total liabilities	$5.0B	$4.9B
Common stock - par value $.01; 1 billion shares authorized; 360,803,354 and 381,549,541 shares issued and outstanding at December 31, 2025 and December 31, 2024	$4.0M	$4.0M
Additional paid-in capital	$8.4B	$8.6B
Accumulated other comprehensive loss	-$1.4B	-$1.6B
Retained deficit	-$673.0M	-$628.0M
Total Company stockholders' equity	$6.3B	$6.4B
Noncontrolling interests	$54.0M	$52.0M
Total stockholders equity	$6.3B	$6.4B	$6.2B	$5.1B
Total liabilities and stockholders equity	$11.3B	$11.4B
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	1.0B shares	1.0B shares
Common stock, shares issued	360.8M shares	381.5M shares
Common stock, shares outstanding	360.8M shares	381.5M shares

Cash from operations¹³¹⁴¹⁵¹⁶¹²$1.3B in 2025+75% since 2019

Capital spending¹³¹⁴¹⁵¹⁶¹²$375.0M in 2025+61% since 2019

Free cash flow¹³¹⁴¹⁵¹⁶¹²$876.0M in 2025+82% since 2019

Dividends paid¹³¹⁴¹⁵¹⁶¹²$190.0M in 2025+147% since 2019

Share buybacks¹²$315.0M in 2025+38% since 2024

Every line of the cash flow as filed: the last 3 fiscal years, latest first.¹²

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income	$151.0M	$635.0M	$985.0M
Depreciation and amortization	$355.0M	$343.0M	$302.0M
Goodwill and long-lived asset impairment	$70.0M
Deferred income taxes	$93.0M	$49.0M	-$489.0M
Stock-based compensation	$67.0M	$70.0M	$66.0M
Equity (income) loss in unconsolidated affiliates	$16.0M	-$36.0M	-$119.0M
Dividend from unconsolidated affiliate	$2.0M	$84.0M
Gain on business divestiture		-$130.0M
Other, net	$88.0M	$74.0M	-$18.0M
Receivables	$222.0M	$93.0M	-$269.0M
Inventories	$97.0M	$270.0M	-$361.0M
Contract assets	-$19.0M	$162.0M	-$55.0M
Prepaid and other current assets	$41.0M	$17.0M	-$40.0M
Accounts payable	-$6.0M	-$87.0M	-$4.0M
Accrued liabilities	-$48.0M	-$51.0M	-$116.0M
Contract liabilities	$73.0M	-$42.0M	$82.0M
Income taxes payable	$39.0M	-$5.0M	-$6.0M
Other assets/liabilities, net	$10.0M	-$142.0M	$185.0M
Net cash provided by operating activities	$1.3B	$1.3B	$143.0M
Purchases of property, plant and equipment	-$375.0M	-$351.0M	-$283.0M
Business acquisitions, net of cash acquired	$0	-$298.0M	-$22.0M
Business divestitures, net of cash disposed		$176.0M
Other, net	$13.0M	$2.0M	$12.0M
Net cash used in investing activities	-$362.0M	-$471.0M	-$293.0M
Borrowings against lines of credit and other debt	$3.0M	$420.0M	$184.0M
Payments against lines of credit and other debt	-$26.0M	-$431.0M	-$192.0M
Financing leases	-$28.0M	-$28.0M	-$23.0M
Cash dividends paid	-$190.0M	-$108.0M	-$79.0M
Share repurchases	-$315.0M	-$229.0M
Other	-$28.0M	-$30.0M	$7.0M
Net cash used in financing activities	-$584.0M	-$406.0M	-$103.0M
Effect of exchange rates on cash	$17.0M	-$13.0M
Increase (decrease) in cash and cash equivalents	$322.0M	$414.0M	-$253.0M
Interest	$85.0M	$86.0M	$85.0M
Income taxes	$106.0M	$161.0M	$114.0M

Compare National Oilwell Varco with another company

Corporate structure

National Oilwell Varco sits at the top of its group. 199 entities, 60 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of National Oilwell Varco

First Eagle Investment Management, LLC Filed SCHEDULE 13G/A on National Oilwell Varco, latest Aug 6, 2026 (5 filings since Feb 10, 2022)
Hotchkis & Wiley Capital Management Filed SCHEDULE 13G/A on National Oilwell Varco, latest May 15, 2026 (7 filings since Feb 11, 2022)
VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on National Oilwell Varco, latest Apr 30, 2026
VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on National Oilwell Varco, latest Apr 29, 2026
VANGUARD GROUP INC Filed SCHEDULE 13G/A on National Oilwell Varco, latest Mar 27, 2026 (7 filings since Feb 10, 2022)
DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G on National Oilwell Varco, latest Oct 9, 2025
FMR LLC Filed SC 13G/A on National Oilwell Varco, latest Nov 12, 2024 (2 filings since Feb 9, 2024)
PZENA INVESTMENT MANAGEMENT LLC Filed SCHEDULE 13G on National Oilwell Varco, latest Oct 4, 2024 (4 filings since Jan 19, 2022)
BlackRock Filed SC 13G/A on National Oilwell Varco, latest Sep 10, 2024 (4 filings since Feb 1, 2022)
State Street Corporation Filed SC 13G/A on National Oilwell Varco, latest Feb 9, 2022

National Oilwell Varco Houston, Texas, United States
- Robbins & Myers Houston, Texas, United States
- National Oilwell Varco (United Kingdom) Subsidiary · Manchester, United Kingdom
- Shaffer Subsidiary
- GustoMSC B.V. Subsidiary · 100% · Schiedam, Netherlands
- Advanced Wirecloth, S. de R.L. de C.V. Subsidiary · Mexico
- AF Global FZE Subsidiary · United Arab Emirates
- Ameron B.V. Subsidiary · Netherlands
- APL NORWAY AS Subsidiary · Kolbjørnsvik, Norway
- Arabian Rig Manufacturing Company Subsidiary · Saudi Arabia
- ASEP Otomotiv Sanayi Ticaret Ltd. Subsidiary · Turkey
- Bondstrand Ltd. Subsidiary · Saudi Arabia
- Coil Services Middle East LLC Subsidiary · United Arab Emirates
- Coöperatie Intelliserv Holding U.A. Subsidiary · Netherlands
- Coöperatie NOV NL U.A. Subsidiary · Netherlands
- ENVIRONMENTAL PROCEDURES, LLC Subsidiary · Houston, Texas, United States
- EURL NOV Oil & Gas Services Algeria Subsidiary · Algeria
- Fiber Glass Systems (Qingdao) Composite Piping Co., Ltd. Subsidiary · China
- Fiber Glass Systems Oman L.L.C. Subsidiary · Oman
- Fibra Ingenieria y Construccion S.A. Subsidiary · Chile
- Fjords Processing France SAS Subsidiary · France
- Fjords Processing Korea Co., Ltd. (피오르드 프로세싱 코리아 주식회사) Subsidiary · 서울, South Korea
- Fjords Processing Limited Subsidiary · United Kingdom
- Fjords Processing Middle East DMCC [In liquidation] Subsidiary · United Arab Emirates
- Grant Prideco (Singapore) Pte Ltd Subsidiary · Singapore
- Grant Prideco de Venezuela, S.A. Subsidiary · Venezuela
- and 162 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What National Oilwell Varco reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	$5.7B¹² Dec 31, 2025	$5.3B¹² Dec 31, 2024	+6.5%
Accumulated depreciation	$3.6B¹² Dec 31, 2025	$3.4B¹² Dec 31, 2024	+6.5%
Property and equipment, net	$2.0B¹² Dec 31, 2025	$1.9B¹² Dec 31, 2024	+6.7%
Finance-lease assets	$187.0M¹² Dec 31, 2025	$196.0M¹² Dec 31, 2024	−4.6%
Operating-lease assets (leased space)	$315.0M¹² Dec 31, 2025	$353.0M¹² Dec 31, 2024	−10.8%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$1.6B¹² Dec 31, 2025	$1.2B¹² Dec 31, 2024	+26.2%
Stakes in other companies (equity method)	$163.0M¹² Dec 31, 2025	$163.0M¹² Dec 31, 2024	0%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$1.6B¹² Dec 31, 2025	$1.6B¹² Dec 31, 2024	−2.9%
Intangible assets, net (excluding goodwill)	$455.0M¹² Dec 31, 2025	$508.0M¹² Dec 31, 2024	−10.4%
Indefinite-lived intangibles (excluding goodwill)	$455.0M¹² Dec 31, 2025	$508.0M¹⁶ Dec 31, 2024	−10.4%
Accumulated amortization	$721.0M¹² Dec 31, 2025	$691.0M¹² Dec 31, 2024	+4.3%

Inventory

Item	Latest	A year before	Change
Inventory, total	$1.8B¹² Dec 31, 2025	$1.9B¹² Dec 31, 2024	−6.9%
Work in process	$217.0M¹² Dec 31, 2025	$181.0M¹² Dec 31, 2024	+19.9%
Finished goods	$1.4B¹² Dec 31, 2025	$1.6B¹² Dec 31, 2024	−15.6%

Properties, in its own words

The Company owned or leased approximately 503 facilities worldwide as of December 31, 2025, including the following principal manufacturing, service, distribution and administrative facilities:

Owned /

The rest of Item 2

Location · Description · Leased

Energy Products and Services:

Navasota, Texas · Manufacturing Facility & Administrative Offices · Owned

Conroe, Texas · Manufacturing Facility of Drill Bits and Downhole Tools, Administrative & Sales Offices · Owned

Houston, Texas · Sheldon Road Inspection Facility · Owned

Veracruz, Mexico · Manufacturing Facility of Tool Joints, Warehouse & Administrative Offices · Owned

Houston, Texas · Holmes Rd Complex: Manufacturing, Warehouse, Coating Manufacturing Plant & Corporate Office · Owned

Cedar Park, Texas · Instrumentation Manufacturing Facility, Administrative & Sales Offices · Owned

Dubai, UAE · Manufacturing Facility of Downhole Tools, Distribution Warehouse · Leased

Conroe, Texas · Solids Control Manufacturing Facility, Warehouse, Administrative & Sales Offices, and Engineering Labs · Owned

Houston, Texas · Manufacturing of plastic thread products · Owned

Senai, Malaysia · Manufacturing Facility of Fiber Glass Products · Owned*

Qingdau, Shandong, China · Manufacturing of fiber-reinforced tubular products · Leased

Houston, Texas · Manufacturing of fiber-reinforced tubular products & Administrative Offices · Leased

Dammam, Saudi Arabia · Manufacturing of fiberglass products · Leased

Mt. Union, Pennsylvania · Manufacturing of fiberglass products · Owned

Energy Equipment:

Houston, Texas · Bammel Facility, Repairs, Service, Aftermarket Parts, Administrative & Sales Offices · Leased

Houston, Texas · Manufacturing Plant of Drilling Equipment · Leased

Houston, Texas · West Little York Manufacturing Facility, Repairs, Service, Administrative & Sales Offices · Owned

New Iberia, Louisiana · Repair, Services and Spares Facility · Leased

Singapore · Manufacturing, Repairs, Service, Field Service/Training, Administrative & Sales Offices · Leased

Al Jubail, Saudi Arabia · Manufacturer and Service of Drilling Rigs and Equipment · Leased

Tulsa, Oklahoma · Manufacturing Facility of Pumps, Warehouse and Administrative & Sales Offices · Owned

Kintore, Aberdeenshire, Scotland, UK · Manufacturing & Servicing of Elmar, ASEP and Anson Equipment · Leased

Kalundborg, Denmark · Flexibles Manufacturing, Warehouse, Shop & Administrative Offices · Owned

Superporto du Acu, Brazil · Flexibles Manufacturing, Warehouse, Shop & Administrative Offices · Owned*

Corporate:

Houston, Texas · Corporate and Shared Administrative Offices · Leased

*Building owned but land leased.

Item 2 of the 10-K filed Feb 12, 2026.²¹

Stakes and holdings (Wikidata)

Shaffer

Things Wikidata records the company as owning, with the share when stated.¹

The story

Background

NOV's two main predecessors, Oilwell Supply and National Supply, were founded in 1862 and 1893, respectively. These two companies manufactured and distributed pumps and derricks. In 1930, United States Steel acquired Oilwell Supply. In 1958, Armco Steel merged with National Supply. In 1987, National Supply merged with USS Oilwell to become "National Oilwell".

Varco was founded as Abegg and Reinhold Company by Walter Abegg and Baldwin Reinhold in 1908. "VARCO" is an acronym for: Vuilleumiere, Abegg and Reinhold Company after Edgar Vuilleumiere became a partner in 1915, and Varco International in 1973. In 2000, National Oilwell merged with IRI International Corp. (founded as a merger of Ingersoll Rand Oilfield Products Co. and IDECO Inc. (International Derrick and Equipment Company)), founded and managed by Hushang Ansary, which manufactures and sells drilling rigs and specialty steel products.

In 2005, National Oilwell and Varco merged to become National Oilwell Varco.

Recent history

The company acquired major drill pipe and drill bit manufacturer Grant Prideco in 2008 for $7.37 billion. At the time, Grant Prideco held 60% of the global drill pipe market and operated 25 manufacturing sites worldwide. The acquisition included Grant Prideco's subsidiaries IntelliServ, a producer of drill pipe with built-in equipment to transmit data from a wellhead to surface operators, ReedHycalog, a drill bit producer, and XL Systems, a producer of oil and gas connectors. Grant Prideco, IntelliServ, and ReedHycalog became part of NOV's Wellbore Technologies reporting segment and XL Systems joined the Completion & Production Solutions segment.

In February 2012 NOV acquired Russian coring company Interval Ltd. and purchased Dutch oil rig design company GustoMSC in 2018. GustoMSC, originally the engineering office of Gusto Shipyard, became part of NOV's Rig Technologies segment. In late 2019, NOV bought Bellingham, Washington-based Ershigs, a fabricator of custom pipes and tanks.

National Oilwell Varco changed its name to NOV Inc. on January 1, 2021.

From Wikipedia’s article on NOV Inc., shared under CC BY-SA 4.0.⁸

Leadership

Who has led National Oilwell Varco, and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

President

Chief financial officer

Chief operating officer

197019801990200020102020

Chief executive officerJose A. Bayardo Feb 9, 2026 to now²²
Chief executive officerClay C. Williams Feb 27, 2014 to Feb 9, 2026²³
Chief executive officerMerrill A. Miller Jr. Feb 22, 2006 to Dec 2, 2013²⁴
ChairJose A. Bayardo Feb 9, 2026 to now²²
ChairClay C. Williams Feb 27, 2015 to Feb 9, 2026²⁵
ChairMerrill A. Miller Jr. Feb 19, 2013 to Feb 27, 2014²⁶
PresidentJose A. Bayardo Mar 24, 2025 to now²⁷
PresidentJoseph W. Rovig Apr 11, 2014 to Mar 24, 2025²⁸
PresidentClay C. Williams Dec 19, 2012 to Apr 11, 2014²⁹
PresidentMark A. Reese Jan 6, 2006 to Mar 21, 2013³⁰
PresidentHaynes B. Smith Feb 22, 2006 to Dec 14, 2007³¹
PresidentKevin A. Neveu Feb 22, 2006 to Jun 14, 2007³²
PresidentMerrill A. Miller Jr. Feb 22, 2006 to Nov 30, 2012²⁴
Chief financial officerRodney C. Reed Mar 20, 2025 to now³³
Chief financial officerJose A. Bayardo Aug 31, 2015 to Mar 20, 2025³⁴
Chief financial officerJeremy D. Thigpen Dec 11, 2012 to Mar 20, 2015³⁵
Chief financial officerClay C. Williams Feb 22, 2006 to Mar 21, 2012³⁶
Chief operating officerJose A. Bayardo Mar 24, 2025 to now²⁷
Chief operating officerClay C. Williams Dec 19, 2012 to Mar 21, 2013²⁹

Board members and other officers (26)

OfficerScott B. Livingston Jan 3, 2024 to now³⁷
Pres. - Wellbore TechnologiesIsaac H. Joseph Apr 6, 2022 to Feb 28, 2023³⁸
Pres. - Compl. and Prod. Sol.Kirk M. Shelton Apr 6, 2022 to Feb 28, 2023³⁹
VP, Corp. Controller, CAOChristy Lynn Novak Nov 8, 2021 to now⁴⁰
OfficerJose A. Bayardo Aug 29, 2016 to Feb 24, 2023⁴¹
OfficerJoseph W. Rovig Feb 27, 2015 to Mar 3, 2017⁴²
VP, Corp. Controller, CAOScott K. Duff Aug 1, 2014 to Mar 2, 2021⁴³
Senior VP, GC & SecretaryCraig L. Weinstock Oct 2, 2014 to now⁴⁴
Vice Pres. & Gen. CounselDwight W. Rettig Feb 22, 2006 to Feb 27, 2014⁴⁵
VP Cntrlr Chf Acctg OffcrRobert W. Blanchard Feb 22, 2006 to Feb 27, 2014⁴⁶
Board memberSanjay Chowbey Apr 8, 2026 to now⁴⁷
Board memberPatricia B. Melcher Jan 23, 2024 to now⁴⁸
Board memberPatricia Martinez Mar 6, 2024 to now⁴⁹
Board memberChristian S. Kendall Dec 17, 2024 to now⁵⁰
Board memberRobert S. Welborn Oct 25, 2021 to now⁵¹
Board memberMelody Meyer Sep 15, 2017 to May 26, 2022⁵²
Board memberJim Hackett Apr 6, 2016 to Jan 3, 2023⁵³
Board memberClay C. Williams Feb 27, 2014 to Feb 27, 2014²³
Board memberMarcela E. Donadio Apr 15, 2014 to now⁵⁴
Board memberJeff Smisek Jan 13, 2006 to May 14, 2015⁵⁵
Board memberRoger L. Jarvis Jan 24, 2006 to May 19, 2016⁵⁶
Board memberJames D. Woods Jan 27, 2006 to Feb 22, 2006⁵⁷
Board memberBen A. Guill Feb 22, 2006 to now⁵⁸
Board memberEric L. Mattson Feb 22, 2006 to now⁵⁹
Board memberMerrill A. Miller Jr. Feb 22, 2006 to Nov 30, 2012²⁴
Board memberRobert E. Beauchamp Feb 22, 2006 to May 14, 2015⁶⁰

Products and brands

Rig Technologies

Rig Technologies engineers and manufactures drilling rigs, drilling equipment packages, and related capital equipment (including top drives, iron roughnecks, drawworks, blowout preventers, mud pumps, risers, pipe handling, power and control systems) necessary to drill oil and gas wells, as well as marine construction equipment such as heavy-lift cranes, mooring machinery, jacking systems, pipelay and cablelay systems, and marine riser tensioners. In addition, the segment provides aftermarket equipment and services such as spare parts, repair, and equipment rentals as well as remote equipment monitoring, technical support, field service, and customer training.

Wellbore Technologies

Wellbore Technologies develops equipment, technologies, and services for oil and gas well operation. The segment provides drill bits, borehole enlargement services, and directional drilling tools; optimization/automation software and services; downhole tools for drilling and intervention; premium drill pipe and drill stem accessories; solids control and waste management equipment and services; drilling and completion fluids; data acquisition and analytics technologies; managed-pressure-drilling systems; coating and inspection services and RFID technology for drill pipe lifecycle management; and IntelliServ wired drill pipe.

Completion & Production Solutions

Completion & Production Solutions provides equipment and technologies for the well completion process and production phase of a well's lifecycle. The segment produces intervention and stimulation equipment for pressure pumping, coiled tubing, and wireline operations; composite piping systems, pressure vessels, and structures; integrated processing, production, and pumping equipment (including artificial lift) for upstream, midstream, and industrial operations; hydrate inhibition and gas processing technologies; subsea and floating production systems, including flexible pipe and subsea water injection technologies; integral and weld-on connectors for conductor strings, surface casing, and liners; and completion tools—including those involved in multistage hydraulic fracturing—liner hanger systems, and subsurface safety valves.

From Wikipedia’s article on NOV Inc., shared under CC BY-SA 4.0.⁸

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

AF Global FZE United Arab Emirates⁹
APL Norway AS Norway⁹
ASEP Otomotiv Sanayi Ticaret Ltd. Turkey⁹
Advanced Wirecloth, S. de R.L. de C.V. Mexico⁹
Ameron B.V. Netherlands⁹
Arabian Rig Manufacturing Company Saudi Arabia⁹
Bondstrand Ltd. Saudi Arabia⁹
Coil Services Middle East LLC United Arab Emirates⁹
Coöperatie Intelliserv Holding U.A. Netherlands⁹
Coöperatie NOV NL U.A. Netherlands⁹
EURL NOV Oil & Gas Services Algeria Algeria⁹
Fiber Glass Systems (Qingdao) Composite Piping Co., Ltd. China⁹
Fiber Glass Systems Oman L.L.C. Oman⁹
Fibra Ingenieria y Construccion S.A. Chile⁹
Fjords Processing France SAS France⁹
Fjords Processing Korea Co. Ltd. Korea, Republic of⁹
Fjords Processing Limited United Kingdom⁹
Fjords Processing Middle East DMCC [In liquidation] United Arab Emirates⁹
Grant Prideco (Singapore) Pte Ltd Singapore⁹
Grant Prideco III C.V. Netherlands⁹
Grant Prideco Jersey Limited Delaware⁹
Grant Prideco Netherlands B.V. Netherlands⁹
Grant Prideco de Venezuela, S.A. Venezuela, Bolivarian Republic of⁹
Grant Prideco, S. de R.L. de C.V. Mexico⁹

All 178 listed subsidiaries

GustoMSC B.V. Netherlands⁹
Hebei Huayouyiji Tuboscope Coating Co., Ltd. China⁹
Hellenes Limited United Kingdom⁹
IntelliServ Norway AS Norway⁹
Intelliserv International Holding, Ltd Cayman Islands⁹
Midsund Bruk AS Norway⁹
Mono Group Pension Trustees Limited United Kingdom⁹
Mono Pumps New Zealand Company New Zealand⁹
NOV (Barbados) Holding SRL Barbados⁹
NOV (Barbados) SRL Barbados⁹
NOV (Caymans), Ltd. Cayman Islands⁹
NOV (Jiangsu) Energy Equipment Limited China⁹
NOV - Oil Services Angola, LDA. Angola⁹
NOV Africa Pty Ltd South Africa⁹
NOV Australia Pty Ltd Australia⁹
NOV Brandt Europe France France⁹
NOV Brandt Oilfield Services Middle East LLC United Arab Emirates⁹
NOV CAPS Pte. Ltd. Singapore⁹
NOV Canada ULC Canada⁹
NOV Completion Tools LLC Russian Federation⁹
NOV Completion and Production Solutions Korea Ltd. Korea, Republic of⁹
NOV Curaçao B.V. Curaçao⁹
NOV Côte D’Ivoire SARL Ivory Coast⁹
NOV Denmark Coöperatief U.A. Netherlands⁹
NOV Digital Technologies Private Limited India⁹
NOV Doha Energy Trading and Services LLC Qatar⁹
NOV Doha Factory for Metal Products LLC Qatar⁹
NOV Downhole Eurasia Limited United Kingdom⁹
NOV Downhole Italia S.R.L. Italy⁹
NOV Downhole KZ, LLP Kazakhstan⁹
NOV Elmar (Middle East) Limited United Kingdom⁹
NOV Energy Kuwait for Maintenance of Oil Facilities, Wells, Refineries and Petrochemicals SPC Kuwait⁹
NOV Energy Mexico, S. de R.L. de C.V. Mexico⁹
NOV Equipment Manufacturing Sole Proprietorship LLC United Arab Emirates⁹
NOV FGS Malaysia Sdn Bhd Malaysia⁹
NOV FGS Singapore (Pte.) Ltd Singapore⁹
NOV Flexibles Equipamentos E Servicos Ltda. Brazil⁹
NOV France SAS France⁹
NOV Gabon SARL Gabon⁹
NOV Germany GmbH Germany⁹
NOV Germany Holding GmbH Germany⁹
NOV Ghana Limited Ghana⁹
NOV Grant Prideco L.L.C. United Arab Emirates⁹
NOV Holding Danmark ApS Denmark⁹
NOV Holding UK 1 Limited United Kingdom⁹
NOV Holding UK 2 Limited United Kingdom⁹
NOV Holdings B.V. Netherlands⁹
NOV India Private Limited India⁹
NOV Intelliserv UK Limited United Kingdom⁹
NOV Kenya Limited Kenya⁹
NOV Kostroma LLC Russian Federation⁹
NOV Kuwait for Repair and Maintenance of Light and Heavy Equipment – KDIPA S.P.C. Kuwait⁹
NOV MFG India Private Limited India⁹
NOV Middle East FZE United Arab Emirates⁹
NOV Middle East Oil and Natural Gas Wells Equipments and Devices – L.L.C. – S.P.C. United Arab Emirates⁹
NOV Mozambique Limitada Mozambique⁹
NOV NL Mexico Holding B.V. Netherlands⁹
NOV Oil & Gas Services Egypt (S.A.E) Egypt⁹
NOV Oil & Gas Services Sénégal S.A.R.L. Senegal⁹
NOV Oil & Gas Services Uganda Limited Uganda, Republic of⁹
NOV Oil and Gas Services Ghana Limited Ghana⁹
NOV Oil and Gas Services Namibia (Proprietary) Limited Namibia⁹
NOV Oil and Gas Services Nigeria Limited Nigeria⁹
NOV Oil and Gas Services South Africa (Pty) Limited South Africa⁹
NOV Oilfield Services Tanzania Limited Tanzania, United Republic of⁹
NOV Oilfield Services Vostok LLC Russian Federation⁹
NOV Oilfield Solutions Ltd. Nigeria⁹
NOV Park II B.V. Netherlands⁹
NOV Process & Flow Technologies AS Norway⁹
NOV Process & Flow Technologies Malaysia Sdn. Bhd. Malaysia⁹
NOV Process & Flow Technologies UK Limited United Kingdom⁹
NOV Products Middle East FZE United Arab Emirates⁹
NOV QFZ LLC Qatar⁹
NOV Rig Solutions Pte. Ltd. Singapore⁹
NOV Saudi Arabia Co. Ltd. Saudi Arabia⁹
NOV Saudi Arabia Trading Co. Saudi Arabia⁹
NOV Services Ltd. Cayman Islands⁹
NOV Shared Services Mexico, S. de R.L. de C.V. Mexico⁹
NOV Tuboscope Italia S.R.L. Italy⁹
NOV Tuboscope NL B.V. Netherlands⁹
NOV Tubulars and Connectors Ltd. Nigeria⁹
NOV UK Korea LP United Kingdom⁹
NOV Wellbore Technologies do Brasil Equipamentos E Serviços Ltda. Brazil⁹
NOV Wellsite Services Germany GmbH Germany⁹
NOV Worldwide B.V. Netherlands⁹
NOV-BLM SAS France⁹
NQL Holland B.V. Netherlands⁹
National Oilwell (U.K.) Limited United Kingdom⁹
National Oilwell Algerie Algeria⁹
National Oilwell Varco (Beijing) Investment Management Co. Ltd. China⁹
National Oilwell Varco (Thailand) Ltd. Thailand⁹
National Oilwell Varco Algeria Algeria⁹
National Oilwell Varco Almansoori Services United Arab Emirates⁹
National Oilwell Varco Bahrain WLL Bahrain⁹
National Oilwell Varco Denmark I/S Denmark⁹
National Oilwell Varco Egypt LLC Egypt⁹
National Oilwell Varco Eurasia, LLC Russian Federation⁹
National Oilwell Varco Guyana Inc. Guyana⁹
National Oilwell Varco Hungary Limited Liability Company Hungary⁹
National Oilwell Varco Korea Co., Ltd. Korea, Republic of⁹
National Oilwell Varco MSW S.A. Argentina⁹
National Oilwell Varco Muscat SPC Oman⁹
National Oilwell Varco Norway AS Norway⁹
National Oilwell Varco Peru S.R.L. Peru⁹
National Oilwell Varco Petroleum Equipment (Shanghai) Co., Ltd. China⁹
National Oilwell Varco Poland Sp. z o.o. Poland⁹
National Oilwell Varco Pte. Ltd. Singapore⁹
National Oilwell Varco Romania S.R.L. Romania⁹
National Oilwell Varco Solutions, S.A. de C.V. Mexico⁹
National Oilwell Varco UK Limited United Kingdom⁹
National Oilwell Varco Ukraine LLC Ukraine⁹
National Oilwell Varco de Bolivia S.R.L. Bolivia⁹
National Oilwell Varco de Chile - Servicios Limitada Chile⁹
National Oilwell Varco do Brasil Ltda. Brazil⁹
National Oilwell de Venezuela, C.A. Venezuela, Bolivarian Republic of⁹
PT Fjords Processing Indonesia Indonesia⁹
PT H-Tech Oilfield Equipment Indonesia⁹
PT Managed Pressure Operations Indonesia⁹
PT NOV Oilfield Services Indonesia⁹
PT National Oilwell Varco Indonesia⁹
PT Profab Indonesia Indonesia⁹
Pesaka Inspection Services SDN.BHD. Malaysia⁹
Pipex Limited United Kingdom⁹
R&M Energy Systems de Venezuela, C.A. Venezuela, Bolivarian Republic of⁹
RE.MAC.UT. S.r.l. Italy⁹
ReedHycalog UK Limited United Kingdom⁹
Robannic Overseas Finance VBA Aruba⁹
Robbins & Myers B.V. Netherlands⁹
Robbins & Myers N.V. Curacao⁹
STAR Sudamtex Tubulares S.A. Venezuela, Bolivarian Republic of⁹
Subseaflex Holding ApS Denmark⁹
T-3 Energy Services Cayman Holdings, Ltd. Cayman Islands⁹
T-3 Energy Services Cayman, Ltd. Cayman Islands⁹
Telluride Insurance Limited Bermuda⁹
Tianjin Grant TPCO Drilling Tools Company Limited China⁹
Tuboscope & Co. LLC Oman⁹
Tuboscope Brandt de Venezuela, S.A. Venezuela, Bolivarian Republic of⁹
Tuboscope Norge AS Norway⁹
Tuboscope Vetco (France) SAS France⁹
Tuboscope Vetco (Österreich) GmbH Austria⁹
Tuboscope Vetco Capital Limited United Kingdom⁹
Tuboscope Vetco Moscow CJSC Russian Federation⁹
Tuboscope Vetco de Argentina S.A. Argentina⁹
Tubular Coatings Solutions Ltd. Saudi Arabia⁹
Tucom Composites Polyester Sanayi Ticaret Ltd. Turkey⁹
Varco BJ B.V. Netherlands⁹
Varco CIS, LLC Russian Federation⁹
Varco International de Venezuela, C.A. Venezuela, Bolivarian Republic of⁹
Vetco Enterprise GmbH Switzerland⁹
Vetco Saudi Arabia Ltd. Saudi Arabia⁹
XL Systems Antilles, N.V. Curacao⁹
XL Systems Europe B.V. Netherlands⁹
voestalpine Tubulars GmbH Austria⁹
voestalpine Tubulars GmbH & Co KG Austria⁹

From Wikidata.¹ Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

2008Acquired Grant Prideco¹

Former names

NATIONAL OILWELL VARCO INCMar 11, 2005 to Dec 22, 2020⁷
NATIONAL OILWELL INCOct 4, 1996 to Mar 8, 2005⁷

Timeline

Jul 29, 20268-K Results of operations⁶¹
May 22, 20268-K Shareholder vote; Other events⁶²
Apr 28, 20268-K Results of operations⁶³
Apr 15, 20268-K Results of operations⁶⁴
Mar 18, 20268-K Executive or director change⁶⁵
Feb 20, 20268-K Executive or director change⁶⁶
Feb 9, 2026New chief executive Jose A. Bayardo becomes CEO²²
Feb 5, 20268-K Results of operations⁶⁷
Nov 20, 20258-K Executive or director change⁶⁸
Oct 28, 20258-K Results of operations; Executive or director change⁶⁹
Jul 29, 20258-K Results of operations⁷⁰
May 22, 20258-K Shareholder vote; Other events⁷¹
Apr 29, 20258-K Results of operations⁷²
Feb 27, 2014New chief executive Clay C. Williams becomes CEO²³
Feb 22, 2006New chief executive Merrill A. Miller Jr. becomes CEO²⁴
Mar 14, 2005Went public Listed on NYSE¹
1862Founded Founded¹

Calendar

Coming up

Oct 27, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.11 a share, on Oct 27, 2025.⁷³

When it reported results

Jul 29, 2026Reported quarterly or annual results⁶¹
Apr 28, 2026Reported quarterly or annual results⁶³
Apr 15, 2026Reported quarterly or annual results⁶⁴
Feb 5, 2026Reported quarterly or annual results⁶⁷
Oct 28, 2025Reported quarterly or annual results⁶⁹
Jul 29, 2025Reported quarterly or annual results⁷⁰
Apr 29, 2025Reported quarterly or annual results⁷²
Feb 5, 2025Reported quarterly or annual results⁷⁴

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

337 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 43 major events, 196 insider forms, 33 large holders, 45 other. The latest 20:

Aug 6, 2026SCHEDULE 13G/A EDGAR
Jul 31, 2026144 EDGAR
Jul 31, 20264 EDGAR
Jul 29, 202610-Q EDGAR
Jul 29, 20268-K EDGAR
Jun 22, 202611-K EDGAR
May 29, 2026SD EDGAR
May 22, 20268-K EDGAR
May 22, 20264 EDGAR
May 22, 20264 EDGAR
May 22, 20264 EDGAR
May 22, 20264 EDGAR
May 22, 20264 EDGAR
May 22, 20264 EDGAR
May 22, 20264 EDGAR
May 22, 20264 EDGAR
May 15, 2026SCHEDULE 13G/A EDGAR
Apr 30, 2026SCHEDULE 13G EDGAR
Apr 29, 2026SCHEDULE 13G EDGAR
Apr 28, 202610-Q EDGAR

The 337 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 1 buys and 17 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Jul 31, 2026	HARRISON DAVID DDirector	Sale	9,594	$19.21	$184.3K	Form 4
Feb 23, 2026	Weinstock Craig L.Sr. VP. & Gen. Counsel	Sale	70,000	$20.08	$1.4M	Form 4
Feb 23, 2026	Rovig Joseph WPresident - Energy Equipment	Sale	151,086	$20.17	$3.0M	Form 4
Nov 21, 2025	Kendall Christian SDirector	Buy	70,000	$14.46	$1.0M	Form 4
Nov 20, 2024	HARRISON DAVID DDirector	Sale	1,784	$16.10	$28.7K	Form 4
Nov 7, 2024	Livingston Scott B.See Remarks	Sale	29,410	$16.49	$485.0K	Form 4
Nov 7, 2024	Rovig Joseph WPresident - Energy Equipment	Sale	73,256	$16.40	$1.2M	Form 4
Nov 7, 2024	Novak Christy LynnVP, Corp. Controller, CAO	Sale	40,953	$16.44	$673.4K	Form 4
Nov 7, 2024	Weinstock Craig L.Sr. VP. & Gen. Counsel	Sale	30,481	$16.45	$501.5K	Form 4
Feb 22, 2024	Novak Christy LynnVP, Corp. Controller, CAO	Sale	3,500	$17.43	$61.0K	Form 4
Feb 28, 2023	MATTSON ERIC LDirector	Sale	20,681	$21.90	$452.9K	Form 4
Feb 27, 2023	Novak Christy LynnVP, Corp. Controller, CAO	Sale	9,607	$21.86	$210.0K	Form 4
Nov 4, 2022	Novak Christy LynnVP, Corp. Controller, CAO	Sale	4,575	$23.17	$106.0K	Form 4
Nov 1, 2022	Joseph Isaac H.See Remarks	Sale	2,500	$22.77	$56.9K	Form 4
Sep 1, 2022	HARRISON DAVID DDirector	Sale	3,112	$17.01	$52.9K	Form 4
Aug 29, 2022	ARMSTRONG GREG LDirector	Sale	10,381	$18.99	$197.1K	Form 4
May 25, 2022	MATTSON ERIC LDirector	Sale	9,819	$19.15	$188.0K	Form 4
Oct 28, 2021	MATTSON ERIC LDirector	Sale	8,157	$14.53	$118.5K	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

First Eagle Investment Management, LLCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Aug 6, 2026⁷⁵
Hotchkis & Wiley Capital ManagementSCHEDULE 13G/A, 7 filings Feb 11, 2022 to May 15, 2026⁷⁶
VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 2026⁷⁷
VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 2026⁷⁸
VANGUARD GROUP INCSCHEDULE 13G/A, 7 filings Feb 10, 2022 to Mar 27, 2026⁷⁹
DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G, 1 filing Oct 9, 2025⁸⁰
FMR LLCSC 13G/A, 2 filings Feb 9, 2024 to Nov 12, 2024⁸¹
PZENA INVESTMENT MANAGEMENT LLCSCHEDULE 13G, 4 filings Jan 19, 2022 to Oct 4, 2024⁸²
BlackRockSC 13G/A, 4 filings Feb 1, 2022 to Sep 10, 2024⁸³
State Street CorporationSC 13G/A, 1 filing Feb 9, 2022⁸⁴

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Year	Executive	Age	Salary	Total pay
2025	Rodney C. ReedSenior Vice President & Chief Financial Officer		$533.2K	$2.8M⁸⁵

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
First Eagle Investment Management, LLC	61,369,382	$1.1B	0.9%	+24,961,023
BlackRock, Inc.	37,626,738	$698.0M	0.0%	−193,304
Pzena Investment Management LLC	36,376,087	$674.8M	2.0%	−1,159,362
Dimensional Fund Advisors LP	19,669,754	$364.9M	0.1%	+265,435
Vanguard Portfolio Management LLC	18,926,272	$351.1M	0.0%	+174,200
Vanguard Capital Management LLC	16,267,287	$301.8M	0.0%	+80,991
Hotchkis & Wiley Capital Management LLC	14,353,823	$266.3M	0.8%	−565,790
State Street Corp	12,286,072	$227.9M	0.0%	−106,845
American Century Companies Inc	10,367,359	$192.3M	0.1%	+359,499
Aqr Capital Management LLC	8,676,962	$161.0M	0.1%	+2,955,985
Geode Capital Management, LLC	7,062,089	$131.0M	0.0%	+78,512
First Pacific Advisors, LP	6,392,388	$118.6M	1.5%	+71,630
Greenhaven Associates Inc	5,620,019	$104.3M	1.2%	−131,319
Van Eck Associates Corp	4,393,205	$81.5M	0.0%	−509,581
Bank Of America Corp /de/	4,178,984	$77.5M	0.0%	−396,466
Two Sigma Investments, LP	4,105,593	$76.2M	0.1%	+2,876,610
Charles Schwab Investment Management Inc	4,012,088	$74.4M	0.0%	−41,939
First Trust Advisors LP	3,885,408	$72.1M	0.0%	−3,307,327
Earnest Partners LLC	3,846,305	$71.3M	0.3%	−53,071
Oldfield Partners LLP	3,352,580	$62.2M	15.0%	−1,692,752
Northern Trust Corp	3,149,817	$58.4M	0.0%	+36,756
Bank of New York Mellon Corp	2,952,393	$54.8M	0.0%	−296,304
Morgan Stanley	2,891,805	$53.6M	0.0%	−317,871
Goldman Sachs Group Inc	2,697,879	$50.0M	0.0%	−1,392,546
Millennium Management LLC	2,589,188	$48.0M	0.0%	−297,222

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Jul 16, 2025	Lisa C. McClainRepublican, House	Sale	$1,001 - $15,000	−22.9%	Report
Jun 24, 2025	Lisa C. McClainRepublican, House	Buy	$1,001 - $15,000	+15.3%	Report
Apr 10, 2023	Daniel S. GoldmanDemocratic, House	Sale	$1,001 - $15,000	+86.8%	Report
Mar 1, 2023	Daniel S. GoldmanDemocratic, House	Buy	$1,001 - $15,000	−111.6%	Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How National Oilwell Varco is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARNOV Inc.²
CIK0001021860
Employer ID (EIN)76-0475815²¹
Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company²¹
Incorporated inDelaware²¹
Fiscal year endsDecember 31²
Industry code (SIC)3533 Oil & Gas Field Machinery & Equipment²
SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance²
Business address10353 Richmond Ave., Houston, TX 77042²
Phone346-223-3000²
Shares outstanding358,888,480 as of Apr 24, 2026¹⁹
Public float$4.6B as of Jun 30, 2025²¹
AuditorErnst & Young LLP, Houston, Texas PCAOB ID 42; it also attests to the company’s internal control over financial reporting²¹
On EDGAR sinceAug 29, 1996²
Filings1,551 in all: 4 (724), 8-K (231), 10-Q (90), SC 13G/A (84), SC 13G (40), UPLOAD (34), 3 (33), DEF 14A (30)²
All 47 form types
10-K (29), 11-K (29), CORRESP (25), 425 (21), ARS (17), S-4/A (15), S-8 (15), 424B3 (13), SD (13), 144 (12), SC 13D/A (11), 10-K/A (9), POS AM (9), DEFA14A (8), S-4 (8), S-3 (6), SCHEDULE 13G/A (5), SCHEDULE 13G (4), 424B1 (3), 5 (3), S-3ASR (3), 4/A (2), 424B5 (2), 8-K/A (2), EFFECT (2), FWP (2), PRE 14A (2), S-1/A (2), SC 13D (2), SC TO-I/A (2), 10-K405 (1), 10-Q/A (1), 144/A (1), 3/A (1), 8-A12B (1), PX14A6G (1), RW (1), S-1 (1), SC TO-I (1)
Latest filingsAnnual report (10-K) Feb 12, 2026
Quarterly report (10-Q) Jul 29, 2026
Proxy statement (DEF 14A) Apr 9, 2026
Latest 8-K (8-K) Jul 29, 2026

Securities registered for trading

Class	Symbol	Exchange
Common Stock, par value $0.01 per share	NOV	New York Stock Exchange

From the cover page of the 10-K filed Feb 12, 2026 (Section 12(b) of the Exchange Act).²¹

Risk factors and legal proceedings

The risks National Oilwell Varco names in Item 1A of its 10-K filed Feb 12, 2026: 20 risks under these headings, as written.²¹

Industry Environment and Operations Related
We are dependent upon the level of activity in the oil and gas industry, which is volatile and has caused, and may cause future, fluctuations in our operating results.
There are risks associated with certain contracts for our equipment.
Competition in our industry, including the introduction of new products and technologies by our competitors, as well as the expiration of the intellectual property rights protecting our products and technologies, could ultimately lead to lower revenue and earnings.
A significant portion of our revenue is derived from our non-United States operations, which exposes us to risks inherent in doing business in each of the many countries in which we operate.
Supply chain disruption and price escalation could have a material adverse effect on our business, liquidity, consolidated results of operations and consolidated financial condition.
We sometimes provide engineered process packages and other engineered products for multi-year, fixed price contracts that may require us to assume risks associated with cost over-runs, operating cost inflation, labor availability, supplier and contractor pricing and performance, and potential claims for liquidated damages.
Cybersecurity risks and threats could adversely affect our business.
Our ability to hire and retain qualified personnel at competitive cost could materially affect our operations and growth potential.
Severe or unseasonable weather conditions may adversely affect our operations.
An impairment of goodwill or other indefinite lived intangible assets could reduce our earnings.
We have expanded and grown our businesses in part through acquisitions and continue to pursue a growth strategy, but we cannot assure that attractive acquisitions will be available to us at reasonable prices or that such acquisitions will result in the outcomes we anticipate.

The other 9 risks

Legal and Regulatory Related
The adoption of any future federal, state, or local laws or implementing regulations imposing reporting obligations on, or limiting or banning, the hydraulic fracturing process or other drilling activities or processes could make it more difficult to complete natural gas and oil wells and could have a material adverse effect on our business, consolidated results of operations and consolidated financial condition.
Our failure to comply with existing or future U.S. and foreign laws and regulations could have a material adverse effect on our business and our results of operations.
We could be adversely affected if we fail to comply with any of the numerous international, federal, state and local laws, regulations and policies that govern environmental protection, data privacy, zoning and other matters applicable to our businesses.
Our businesses expose us to potential environmental, product or personal injury liability.
We may not have adequate insurance for potential environmental, product or personal injury liabilities, or other liabilities.
Future laws, regulations, treaties, international obligations, and reporting obligations related to greenhouse gases (“GHG”), climate change, and activism and customer positions related to environmental, social and governance (“ESG”) could adversely impact our business, may increase compliance obligations and could have a material adverse effect on our business, consolidated results of operations and consolidated financial condition.
Local content requirements imposed in certain jurisdictions may increase the complexity of our operations and impact the demand for our services.
The Company could be subject to changes in its tax rates, the adoption of new tax legislation, tax audits, or exposure to additional tax liabilities and to changes in tariffs that could have a material adverse effect on our business, consolidated results of operations, and consolidated financial condition.
Our operations outside the United States require us to comply with both United States and international regulations violations of which could have a material adverse effect on our business, consolidated results of operations, and consolidated financial condition. In particular, our operations in Russia have subjected us to additional risks related to current political conflicts.

Legal proceedings

See Note 12 – Commitments and Contingencies (Part IV, Item 15 of this Form 10-K) for further discussion.

The opening of Item 3, Legal Proceedings.²¹

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataNational Oilwell Varco on Wikidata
2
SEC EDGARNational Oilwell Varco filings on SEC EDGAR
3
WikipediaNational Oilwell Varco on Wikipedia
4
GLEIFNational Oilwell Varco LEI record (549300EHF3IW1AR6U008)
5
Yahoo FinanceNOV quote
6
Wikimedia CommonsNational Oilwell Varco logo by Unknown author Unknown author, Public domain
7
SEC EDGARNational Oilwell Varco filings on SEC EDGAR
8
WikipediaNational Oilwell Varco on Wikipedia (revision used)
9
SEC EDGARNational Oilwell Varco annual report, Exhibit 21 (subsidiaries)
10
GLEIFRobbins & Myers: LEI record
11
Wikimedia CommonsNational Oilwell Varco photo by Slforres, CC BY-SA 4.0
12
SEC EDGARNational Oilwell Varco 10-K for fiscal 2025
13
SEC EDGARNational Oilwell Varco 10-K for fiscal 2019
14
SEC EDGARNational Oilwell Varco 10-K for fiscal 2020
15
SEC EDGARNational Oilwell Varco 10-K for fiscal 2021
16
SEC EDGARNational Oilwell Varco 10-K for fiscal 2022
17
SEC EDGARNational Oilwell Varco 10-Q for fiscal 2025
18
SEC EDGARNational Oilwell Varco 10-Q for fiscal 2025
19
SEC EDGARNational Oilwell Varco 10-Q for fiscal 2026
20
SEC EDGARNational Oilwell Varco 10-K for fiscal 2019
21
SEC EDGARNational Oilwell Varco 10-K filed Feb 12, 2026: Item 2, Properties
22
SEC EDGARJose A. Bayardo, Chief executive officer
23
SEC EDGARClay C. Williams, Chief executive officer
24
SEC EDGARMerrill A. Miller Jr., Chief executive officer
25
SEC EDGARClay C. Williams, Chair
26
SEC EDGARMerrill A. Miller Jr., Chair
27
SEC EDGARJose A. Bayardo, President
28
SEC EDGARJoseph W. Rovig, President
29
SEC EDGARClay C. Williams, President
30
SEC EDGARMark A. Reese, President
31
SEC EDGARHaynes B. Smith, President
32
SEC EDGARKevin A. Neveu, President
33
SEC EDGARRodney C. Reed, Chief financial officer
34
SEC EDGARJose A. Bayardo, Chief financial officer
35
SEC EDGARJeremy D. Thigpen, Chief financial officer
36
SEC EDGARClay C. Williams, Chief financial officer
37
SEC EDGARScott B. Livingston, Officer
38
SEC EDGARIsaac H. Joseph, Pres. - Wellbore Technologies
39
SEC EDGARKirk M. Shelton, Pres. - Compl. and Prod. Sol.
40
SEC EDGARChristy Lynn Novak, VP, Corp. Controller, CAO
41
SEC EDGARJose A. Bayardo, Officer
42
SEC EDGARJoseph W. Rovig, Officer
43
SEC EDGARScott K. Duff, VP, Corp. Controller, CAO
44
SEC EDGARCraig L. Weinstock, Senior VP, GC & Secretary
45
SEC EDGARDwight W. Rettig, Vice Pres. & Gen. Counsel
46
SEC EDGARRobert W. Blanchard, VP Cntrlr Chf Acctg Offcr
47
SEC EDGARSanjay Chowbey, Board member
48
SEC EDGARPatricia B. Melcher, Board member
49
SEC EDGARPatricia Martinez, Board member
50
SEC EDGARChristian S. Kendall, Board member
51
SEC EDGARRobert S. Welborn, Board member
52
SEC EDGARMelody Meyer, Board member
53
SEC EDGARJim Hackett, Board member
54
SEC EDGARMarcela E. Donadio, Board member
55
SEC EDGARJeff Smisek, Board member
56
SEC EDGARRoger L. Jarvis, Board member
57
SEC EDGARJames D. Woods, Board member
58
SEC EDGARBen A. Guill, Board member
59
SEC EDGAREric L. Mattson, Board member
60
SEC EDGARRobert E. Beauchamp, Board member
61
SEC EDGARResults of operations
62
SEC EDGARShareholder vote; Other events
63
SEC EDGARResults of operations
64
SEC EDGARResults of operations
65
SEC EDGARExecutive or director change
66
SEC EDGARExecutive or director change
67
SEC EDGARResults of operations
68
SEC EDGARExecutive or director change
69
SEC EDGARResults of operations; Executive or director change
70
SEC EDGARResults of operations
71
SEC EDGARShareholder vote; Other events
72
SEC EDGARResults of operations
73
NasdaqNasdaq calendar
74
SEC EDGARNational Oilwell Varco 8-K, Item 2.02 (results of operations)
75
SEC EDGARFirst Eagle Investment Management, LLC SCHEDULE 13G/A on National Oilwell Varco
76
SEC EDGARHotchkis & Wiley Capital Management SCHEDULE 13G/A on National Oilwell Varco
77
SEC EDGARVANGUARD CAPITAL MANAGEMENT LLC SCHEDULE 13G on National Oilwell Varco
78
SEC EDGARVANGUARD PORTFOLIO MANAGEMENT LLC SCHEDULE 13G on National Oilwell Varco
79
SEC EDGARVANGUARD GROUP INC SCHEDULE 13G/A on National Oilwell Varco
80
SEC EDGARDIMENSIONAL FUND ADVISORS LP SCHEDULE 13G on National Oilwell Varco
81
SEC EDGARFMR LLC SC 13G/A on National Oilwell Varco
82
SEC EDGARPZENA INVESTMENT MANAGEMENT LLC SCHEDULE 13G on National Oilwell Varco
83
SEC EDGARBlackRock SC 13G/A on National Oilwell Varco
84
SEC EDGARState Street Corporation SC 13G/A on National Oilwell Varco
85
SEC EDGARNational Oilwell Varco proxy statement (DEF 14A), 2025 pay