# NOV

> NOV Inc. is a Houston-based public energy-technology manufacturer whose equipment, consumables, software, and field services run across the life of a well - from drill bits and wired pipe to rig automation, subsea production systems, tubular coatings, pumps, and maintenance. Its advantage is breadth plus an installed base that creates recurring demand for spare parts, service, rentals, and digital upgrades. Although oil and gas remains the center of gravity, NOV also applies its offshore engineering, cable-lay, composites, and process expertise to wind, geothermal, carbon management, industrial infrastructure, and long-duration energy storage.

- **Founded:** 1862
- **Headquarters:** Houston, United States
- **Team size:** 31,605 employees at December 31, 2025
- **Products:** Rig Technologies, NOVOS and drilling automation, Max Platform and Digital Services, Downhole and Wellbore Technologies, Grant Prideco and Downhole Broadband Solutions
- **Notable:** Built a corporate lineage of more than 160 years through predecessor companies and the 2005 National Oilwell-Varco merger., Developed top-drive systems that NOV describes as an industry standard on land and offshore rigs., Expanded into a global footprint of approximately 503 locations across six continents by year-end 2025.

## Products & services

- **Rig Technologies** — Integrated land and offshore rig systems, top drives, mud pumps, pipe handling, pressure control, drill-floor robotics, control systems, spare parts, training, repair, and 24/7 technical support.
- **NOVOS and drilling automation** — A reflexive drilling system and associated automation applications that standardize repetitive drilling activities, integrate equipment, and support remote or autonomous workflows.
- **Max Platform and Digital Services** — Industrial IoT, edge computing, cloud data delivery, real-time instrumentation, visualization, analytics, remote monitoring, and workflow tools spanning sensor to screen.
- **Downhole and Wellbore Technologies** — Drill bits, motors, power sections, agitators, reamers, fishing tools, completion tools, solids control, managed-pressure drilling, and wellsite services.
- **Grant Prideco and Downhole Broadband Solutions** — Drill pipe, premium connections, and wired drill-pipe networks that transmit high-speed downhole data and enable real-time imaging and control.
- **Tuboscope** — Inspection, repair, internal coating, and corrosion-protection services that extend the working life of tubulars and other energy assets.
- **Subsea Production Systems** — Flexible pipe, risers, flowlines, and subsea production technology for demanding offshore developments, including high-CO2 environments.
- **Marine and Construction** — Heavy-lift cranes, offshore handling systems, cable-lay equipment, wind-turbine installation vessel designs, spare parts, and lifecycle support.
- **Production, Midstream, and Process Technologies** — Pumps, valves, gas treatment and dehydration, separation, production equipment, and packaged systems for oil, gas, carbon management, and industrial processes.
- **Fiber Glass Systems** — Corrosion-resistant composite pipe, tanks, grating, and infrastructure components for energy, water, industrial, medical, semiconductor, and storage applications.

## Achievements

- Built a corporate lineage of more than 160 years through predecessor companies and the 2005 National Oilwell-Varco merger.
- Developed top-drive systems that NOV describes as an industry standard on land and offshore rigs.
- Expanded into a global footprint of approximately 503 locations across six continents by year-end 2025.
- Reported full-year 2025 revenue of $8.74 billion, operating cash flow of $1.25 billion, and free cash flow of $876 million.
- Ended 2025 with $4.34 billion of backlog in Energy Equipment.
- Enabled a 5.7-mile single-bit run in the Utica using an NOV motor and ERT power section, reported as a U.S. land record in 2025.
- Won Petrobras' Best Flexible Pipes Supplier award for a third consecutive year in 2025.
- Demonstrated wired drill-pipe transmission of real-time, high-resolution 4D caliper imaging in 2026.

## Latest updates

- **2026-05** — NOV and TerraFlow Energy agreed to evaluate fiberglass systems for long-duration energy storage supporting AI and large-scale data-center power infrastructure.
- **2026-04** — First-quarter results highlighted North Sea rig-reactivation work, carbon-treatment systems, composite infrastructure orders, new coiled-tubing equipment, and additions to the Downhole Broadband Solutions ecosystem.
- **2026-02** — NOV reported $8.74 billion in 2025 revenue, $876 million in free cash flow, $4.34 billion of ending backlog, and $505 million returned to shareholders.
- **2026-01** — NOV and Abu Dhabi-based AIQ announced work on AI-enabled drilling optimization using NOV's Max industrial IoT and edge platform.
- **2025-11** — Petrobras named NOV its Best Flexible Pipes Supplier for the third consecutive year.
- **2025-03** — NOV announced a pre-commercial agreement with Petrobras to develop stainless-armored flexible pipe resistant to CO2-related stress corrosion cracking.

## Links

- Website: https://www.nov.com
- LinkedIn: https://www.linkedin.com/company/novglobal
- Twitter/X: https://twitter.com/NOVGlobal
- YouTube: https://www.youtube.com/@novglobal
- Instagram: https://www.instagram.com/novglobal/
- Facebook: https://www.facebook.com/NOVGlobal/

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Profile page: https://yespress.io/nov
Published by YesPress — https://yespress.io
Last updated: 2026-08-13