NOV, Inc. provides equipment and technology to the upstream oil and gas industry. It operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions. The Rig Technologies segment monitors its capital equipment backlog to plan its business. The Wellbore Technologies segment designs, manufactures, rents, and sells a variety of equipment and technologies used to perform drilling operations and offers services that optimize their performance. The Completion and Production Solutions segment integrates technologies for well completions and oil and gas production. The company was founded in 1862 and is headquartered in Houston, TX.

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NOV reports robust Q4 earnings, eyes growth amidst industry challenges

NOV's Q4 2022 performance showcased revenue growth and profitability, supported by strong segment results and adjusted EBITDA of $231 million.
While facing industry challenges like supply chain disruptions and cost inflation, NOV remains optimistic about future growth opportunities and revenue expansion in 2023.
The company's focus on financial discipline, capital allocation, and strategic pricing adjustments positions it well to navigate industry dynamics and capitalize on emerging opportunities.

NOV reports solid Q1 earnings, anticipates margin improvement post-supply chain challenges

NOV's Q1 2023 performance was solid despite supply chain challenges in the drill pipe business. The company expects resolution of supply chain issues by Q3 and anticipates robust outlook across all segments. Strong demand in various segments and positive momentum in international markets present growth opportunities.

NOV reports strong Q2 earnings, anticipates margin improvement

NOV's Q2 performance reflects growth in revenues and net income, driven by international markets. The company is focusing on cost reduction, margin improvement, and capital optimization. Positive outlook on offshore drilling assets and international activity levels.

NOV reports solid Q3 earnings, eyes growth in offshore markets

NOV's Q3 performance reflects strength in offshore and international land drilling, with a focus on cost reduction and margin improvement.
Challenges in North American markets and rig reactivation costs are being addressed, while opportunities in aftermarket sales and innovative technologies drive growth.
Optimism for 2024 stems from expectations of higher margins, revenue growth, and improved cash flow, supported by strategic restructuring efforts.
NOV's competitive strengths lie in strong segment performance, successful joint ventures, and a focus on innovation and efficiency to drive profitability.

NOV reports solid Q4 earnings, eyes offshore market growth

NOV's Q4 performance showcased revenue growth, improved profitability focus, and investments in new technologies. While facing challenges in North America, the company is optimistic about offshore and international market opportunities. Initiatives like cost reduction programs and digital product utilization position NOV for future growth.

NOV reports strong Q1 earnings, eyes growth in new technologies

NOV's Q1 performance reflects growth in revenue and profitability, supported by strategic initiatives and a focus on shareholder returns. While facing challenges in cost reduction and cash flow, the company is optimistic about converting working capital to cash and capitalizing on opportunities in new technologies and energy sectors. Overall, NOV is positioned for growth and margin improvement in 2024.

NOV reports solid Q2 results, eyes international growth amid challenges

NOV's Q2 performance reflects strength in international markets and operational efficiency improvements.
Challenges in North America require strategic focus, while opportunities lie in stable revenue growth.
Focus on cost savings, technology adoption, and acquisitions positions NOV for future success.
Confidence in cash generation and margin expansion underscores positive outlook for the company.

NOV reports solid Q3 earnings, bullish on long-term oil demand

NOV's Q3 performance reflects resilience amidst market challenges, with a focus on operational efficiency and profitability. Strong orders for offshore equipment offset weaker demand for drilling rig equipment. The company's strategic investments and focus on driving efficiency position it well for future growth.

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NOV, Inc. engages in the equipment and technology to the upstream oil and gas industry. It operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions. The Rig Technologies segment focuses on the engineering, manufacturing, and support of advanced drilling equipment packages and related capital equipment for oil and gas wells. The Wellbore Technologies segment refers to the critical technologies, equipment, and services required to maximize customer oil and gas drilling efficiencies and economics. The Completion and Production Solutions segment optimizes the well completion process and production phase of a well's lifecycle. The company was founded in 1862 and is headquartered in Houston, TX.

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NexTier Oilfield Solutions Inc

HOUSTON, March 18, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") and NOV, Inc. (NYSE: NOV) ("NOV") today announced the recent completion of the first phase of field testing of NOV's electric fracturing system known as the Ideal™ eFrac pump. The Ideal eFrac pump provides efficient, environmentally conscious hydraulic fracturing capabilities that dramatically reduce emissions, equipment, and complexity at the well site.

NexTier Announces Successful Field Testing of NOV Electric Frac System

Supply crunch of acute global glass fiber weighs on NOV's fiberglass systems operations.

NOV Shares Take a Beating After Downbeat Revenue Outlook

Energy Select Sector SPDR Fund

The energy sector was suffering a broad selloff, and was the leading loser of the S&P 500's 11 key sectors, weighed down by a revenue warning from NOV Inc. and a drop in crude oil prices. The SPDR Energy Select Sector ETF shed 2.3% in midday trading, with all 23 equity components losing ground, while the S&P 500 ticked up less than 0.1%.

Energy sector suffers broad selloff, as NOV's stock tumble and crude oil decline weigh

HOUSTON--(BUSINESS WIRE)--NOV Provides Operational Update for Q1 2021

NOV Provides Operational Update for the First Quarter 2021

HOUSTON--(BUSINESS WIRE)--NOV Announces Full Redemption of its Outstanding 2.60% Senior Notes Due 2022

CORRECTING and REPLACING NOV Inc. Announces Full Redemption of Its Outstanding 2.60% Senior Notes Due 2022

HOUSTON--(BUSINESS WIRE)--NOV Announces Full Redemption of its Outstanding 2.60% Senior Notes Due 2026

NOV Inc. Announces Full Redemption of Its Outstanding 2.60% Senior Notes Due 2026

National Oilwell Varco (NOV) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

National Oilwell Varco (NOV) Surges 12.1%: Is This an Indication of Further Gains?

HOUSTON--(BUSINESS WIRE)--NOV Announces Q1 2021 Earnings Conference Call

NOV Announces First Quarter 2021 Earnings Conference Call

NOV's Q4 revenue fell 4% Q/Q. The company's gross profit and EBITDA both turned negative. I anticipate more cost cuts going forward, which could offset near-term headwinds.

National Oilwell Should Benefit From Rising Oil Prices

National Oilwell Varco, Inc. (NOV) CEO Clay Williams on Q4 2020 Results - Earnings Call Transcript

National Oilwell's (NOV) Q4 revenues from the Rig Technologies segment plunge year over year, thanks to ramped-down drilling operations.

National Oilwell (NOV) Posts Wider-Than-Expected Q4 Loss

National Oilwell Varco (NOV) delivered earnings and revenue surprises of -250.00% and 0.00%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

National Oilwell Varco (NOV) Reports Q4 Loss

NOV Inc. (NOV) beat the Zacks Consensus Estimate in three of the last four quarters and missed in the other, delivering an earnings surprise of 36.63%, on average.

Things You Must Consider Before NOV Reports Q4 Earnings

National Oilwell Varco (NOV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate National Oilwell Varco (NOV) to Report a Decline in Earnings: What to Look Out for

NOV anticipates it fourth-quarter 2020 revenues to be $1.33 billion, lower than its prior outlook.

NOV Gives Update on Fourth-Quarter 2020 Operational Guidance

National Oilwell Varco (NOV) announces plans to adopt a new company name 'NOV Inc.', effective Jan 1, 2021.

National Oilwell (NOV) Plans to Rename Itself to 'Nov Inc.'

HOUSTON--(BUSINESS WIRE)--NOV Announces Corporate Name Change

National Oilwell Varco Announces Plan to Adopt New Corporate Name ‘NOV Inc.'

NOV's Q3 revenue fell 6% Q/Q. EBITDA margins improved amid cost containment efforts.

National Oilwell Varco's Valuation Is Compelling

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National Oilwell Varco (NOV) reported earnings 30 days ago. What's next for the stock?

Why Is National Oilwell Varco (NOV) Up 63% Since Last Earnings Report?

The agreement allows National Oilwell (NOV) and NexTier Oilfield (NEX) to explore the Ideal eFrac's operating capacity on-site as well as under normal working terms and conditions.

National Oilwell and NexTier Unite to Test Electric Frack

HOUSTON--(BUSINESS WIRE)--NOV and NexTier Announce Agreement to Partner on Field Test of Electric Frac System

NexTier and National Oilwell Varco Announce Agreement to Partner on Field Test of Electric Frac System

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Energy was Monday's leading S&P sector performer with notable movers being TechnipFMC (FTI), Schlumberger (SLB), National Oilwell Varco (NOV) and Valero Energy (VLO).

News for NOV Stock (NOV)