CSIMarket
 
Nov Inc   (NOV)
Other Ticker:  
 
 
Price: $18.5700 $0.01 0.054%
Day's High: $18.69 Week Perf: 3.8 %
Day's Low: $ 18.51 30 Day Perf: 5.87 %
Volume (M): 64 52 Wk High: $ 21.91
Volume (M$): $ 1,183 52 Wk Avg: $18.57
Open: $18.71 52 Wk Low: $14.05



 Market Capitalization (Millions $) 7,354
 Shares Outstanding (Millions) 396
 Employees 29,593
 Revenues (TTM) (Millions $) 8,313
 Net Income (TTM) (Millions $) 489
 Cash Flow (TTM) (Millions $) -485
 Capital Exp. (TTM) (Millions $) 273

Nov Inc
National Oilwell designs, manufactures and sells comprehensive systems, components, and equipment used in oil and gas drilling and production, as well as distributes products and provides services to the exploration and production segment of the oil and gas industry.

Our Products and Technology segment designs and manufactures complete land drilling and workover rigs, as well as drilling related systems for offshore rigs. Technology has increased the desirability of one vendor assuming responsibility for the entire suite of components used in the drilling process, as mechanical and hydraulic components are replaced by or augmented with integrated computerized systems. In addition to traditional components such as drawworks (the hoisting winch used to raise and lower drill pipe), mud pumps (used to circulate drilling fluids), top drives (used to turn drill pipe), derricks, cranes, jacking and mooring systems (used to raise and lower offshore jackup drilling rigs and anchor floating drilling rigs), and other structural components, we provide automated pipehandling, control and electrical power systems. We have also developed new technology for drawworks and mud pumps applicable to the highly demanding offshore markets.

Our Petroleum Services & Supplies segment provides a variety of consumable goods and services used to drill, complete, remediate and workover oil and gas wells and service pipelines, flowlines and other oilfield tubular goods. The segment manufactures, rents and sells a variety of products and equipment used to perform drilling operations, including transfer pumps, solids control systems, drilling motors and other downhole tools, rig instrumentation systems, and mud pump consumables. Demand for these services and supplies is determined principally by the level of oilfield drilling and workover activity by drilling contractors, major and independent oil and gas companies, and national oil companies. Oilfield tubular services include the provision of inspection and internal coating services and equipment for drillpipe, linepipe, tubing, casing and pipelines; and the design, manufacture and sale of coiled tubing pipe and advanced composite pipe for application in highly corrosive environments. The segment sells its tubular goods and services to oil and gas companies; drilling contractors; pipe distributors, processors and manufacturers; and pipeline operators. This segment has benefited from several strategic acquisitions and other investments completed during the past few years, including operations in Canada, the United Kingdom, China, Kazakhstan, and Mexico.

Non-capital revenue sources within our Products and Technology segment include drilling motors and specialized downhole tools that are sold or rented, spare parts and service on the large installed base of our equipment, expendable parts for mud pumps and other equipment, and smaller downhole, progressive cavity and transfer pumps.

Our Distribution Services segment provides maintenance, repair and operating supplies and spare parts to drill site and production locations throughout North America and to offshore contractors worldwide. Increasingly, this business also is expanding to locations outside North America, including the Middle East, Southeast Asia, and South America. Using our information technology platforms and processes, we can provide complete procurement, inventory management, and logistics services to our customers.

The oilfield services and equipment industry is highly competitive and our revenues and earnings can be affected by price changes, introduction of new technologies and products and improved availability and delivery. Our Products and Technology business segment competes with several companies in North America that have drilling products that compete directly with certain of our products. Our Distribution Services business segment competes with various smaller regional competitors who may have strong direct ties with smaller or decentralized drilling and production companies and other multinational distribution companies on the basis of service and price. None of these competing companies dominate in any of the business segments or geographic areas in which we operate.



   Company Address: 10353 Richmond Avenue Houston 77042 TX
   Company Phone Number: 223-3000   Stock Exchange / Ticker: NYSE NOV
   


Customers Net Income fell by NOV's Customers Net Profit Margin fell to

-42.27 %

12.19 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKR        3.26% 
DRQ        4.26% 
FET   -4.01%    
FTI        10.13% 
NR        3.79% 
OIS        6.44% 
• View Complete Report
   



Nov Inc

NOV Inc. Rockets Ahead with Impressive Financial Performance in Fiscal Three Months Ending Sep 30, 2023

Interpreting the Financial Results of Miscellaneous Fabricated Products Company
As an analyst for the , I am pleased to report the recent financial performance of the Miscellaneous Fabricated Products company. The fiscal three months closing on September 30, 2023, showcased impressive numbers across multiple key metrics.
First and foremost, the company witnessed a surge in revenue, reaching an impressive $2.19 billion. This represents a substantial increase of 15.67% compared to the previous year, emphasizing the company's growth trajectory. Additionally, the company also experienced a promising 4.396% quarter-on-quarter revenue increase, indicating steady and sustainable growth.

Nov Inc

Nov Inc Records a Phenomenal 116.67% Rise in Profits for Q2 2023, Outshines Industry Peers

NOV Shows Impressive Growth in Latest Financial Report
In the Jun 30 2023 report, NOV (Nov Inc) showcased significant improvements in both its net profit per share and revenue. The company's net profit per share saw a remarkable increase of 116.67% year on year, reaching $0.39 per share. Meanwhile, its revenue surged by 21.193% to a value of $2.09 billion. These numbers indicate a thriving performance for NOV in the current market.
What sets NOV apart from its industry contemporaries is its exceptional revenue growth. While the Miscellaneous Fabricated Products industry witnessed a 16.71% increase in top-line performance during the same period, NOV surpassed this with a 21.193% growth rate. This highlights the company's ability to outperform others in its sector and establishes its strong position in the market.






 

Nov Inc's Segments
 
Rig Systems
 Segment     of total Revenue
Wellbore Technologies
 Segment     of total Revenue
Completion & Production Solutions
 Segment     of total Revenue
Elimination
 Segment     of total Revenue
Rig Aftermarket
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Nov Inc does not provide revenue guidance.

Earnings Outlook
Nov Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
Canada
Norway
United Kingdom
Other
Singapore
South Korea




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