Stock Symbol: NOV

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Business Description
National Oilwell Varco, Inc. engages in the design, manufacture, and sale of equipment and components used in oil and gas drilling and production. It also provides oilfield inspection and other services, and supply chain integration services to the upstream oil and gas industry. The company offers a range of downhole tools, such as coiled tubing tools, drilling motors, drilling tools, fishing tools, pressure control equipment, service equipment, and steering tools for drilling, fishing, well intervention, re-entry, and well completion applications. National Oilwell provides various drilling solutions, including controls and instrumentation, cranes, downhole tools, fluid end expendables and modules, force and weight measurement tools, high pressure pumping, hoisting, jacking and skidding, motion, compensation, pipe handling, power generation and distribution, rigs, rotating, safety products, solids control and waste management, and structures. It also offers a line of engineered equipment, systems, and services for offshore construction vessels, fixed and floating production installations, offshore support segments, and land applications. These engineered products include anchor handling tug and supply equipment packages, cable lay systems, cranes, FPSO equipment packages, mooring systems, motion compensation, pipelay systems, and winches. In addition, the company offers engineering and project management solutions, production solutions, and well service equipment. National Oilwell is headquartered in Houston, Texas.