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Nov Inc   (NOV)
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Nov Inc 's

Competitiveness


 

NOV Sales vs. its Competitors Q3 2021



Comparing the results to its competitors, Nov Inc reported Total Revenue decrease in the 3 quarter 2021 year on year by -3.11 %, despite revenue increase by most of its competitors of 16.19 %, recorded in the same quarter.

List of NOV Competitors





Revenue Growth Comparisons




Net Income Comparison


Nov Inc recorded net loss , despite income increase by most of its competitors of 0 %

<<  More on NOV Income Comparisons


Nov Inc 's Comment on Competitors and Industry Peers


The products of the Rig Technology segment are sold in highly competitive markets and its sales and earnings can be affected by competitive actions such as price changes, new product development, or improved availability and delivery. The segment’s primary competitors are Aker Solutions; American Electric Technologies; American Block; AXON Energy Products; Bentec (a division of Abbot Group); Bomco; Canrig (a division of Nabors Industries); Cavins Oil Well Tools; Cameron International; Coflexip (a division of Technip); Den-Con Tool Company; Forum Energy Technologies; General Electric; Global Energy Services; Hitec Products; Honghua; Huisman; Liebherr; Parveen Industries; Pason Systems; Omron Corporation; Rolls Royce; Siemens; Stewart & Stevenson; Soilmec and Drillmec (a part of the Trevi Group); Seatrax; Tesco Corporation; Wärtsilä and Weatherford International. Management believes that the principal competitive factors affecting its Rig Technology segment are performance, quality, reputation, customer service, availability of spare parts and consumables, breadth of product line and price.

Customers for the Petroleum Services & Supplies’ tubular products and services include major and independent oil and gas companies, national oil companies, drilling and workover contractors, oilfield equipment and product distributors and other manufacturers, oilfield service companies, steel mills, and other industrial companies. The Company’s competitors in tubular services include, among others, Baker Hughes; Drill Pipe Masters; Frank’s International; Future Pipe; Halliburton; Hanwei; Hilong; Patterson Tubular Services; Precision Tube (a division of Tenaris); ShawCor; Schlumberger; Superior Energy Services; Texas Steel Conversion; Vallourec & Mannesmann and Weatherford International. In addition, the Company competes with a number of smaller regional competitors in tubular inspection. Certain foreign jurisdictions and government-owned petroleum companies located in some of the countries in which the Company operates have adopted policies or regulations that may give local nationals in these countries certain competitive advantages. Within the Company’s corrosion control products, certain substitutes such as non-metallic tubulars, corrosion inhibitors, corrosion resistant alloys, cathodic protection systems, and non-metallic liner systems also compete with the Company’s products. Management believes that the principal competitive factors affecting this business are performance, quality, reputation, customer service, availability of products, spare parts and consumables, breadth of product line and price.





  

Overall company Market Share Q3 2021

Overall company, revenue fell by -3.11 % and company lost market share, to approximate 2.5 %.





<<  More on NOV Market Share.
 

*Market share calculated with total revenue.


NOV's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Nov Inc 5,334 4,590 -550 63,642
General Electric Company 75,754 103,507 -109 305,000
Baker Hughes Holdings Llc 18,797 0 -16,273 0
BJ SERVICES COMPANY 0 0 0 0
Fluor Corporation 12,934 2,652 -247 37,508
Halliburton Company 14,255 19,668 414 80,000
Cameron International Corp 9,838 0 724 28,000
Noble Corporation 946 1,565 -3,916 0
Rowan Companies Plc 1,120 1,379 -50 4,051
Transocean ltd 2,708 1,855 28 0
Technipfmc Plc 8,306 2,673 163 20,300
Jacobs Engineering Group Inc 14,093 18,066 431 0
Loews Corp 14,799 14,449 1,685 17,510
Diamond Offshore Drilling Inc 715 13 -661 0
Schlumberger Limited 27,494 41,638 1,700 120,000
Dover Corp 7,466 24,290 1,699 27,000
Helmerich and Payne inc 1,219 2,323 -326 10,352
Nabors Industries Ltd 1,917 625 -538 0
Matson inc 3,358 3,525 619 1,056
Layne Christensen Co 479 326 -2 3,380
Klx Inc. 1,628 3,206 481 2,900
Dril quip Inc 332 673 -76 2,319
Newpark Resources Inc 565 272 -40 1,800
Oil States International Inc 549 299 -63 2,821
Superior Drilling Products Inc 11 18 -2 43
American Energy Group Ltd 0 0 -1 2
Barnwell Industries inc 18 20 6 29
Independence Contract Drilling inc 70 20 -50 299
Roan Resources, Inc. 414 0 71 1,500
Atwood Oceanics Inc 1,866 606 161 938
Basic Energy Services Inc 377 1 -161 0
Deep Down Inc 15 8 1 59
Energy & Technology Corp. 3 0 0 93
Enservco Corporation 14 10 -8 249
Eco-stim Energy Solutions, Inc. 41 0 -88 230
Forbes Energy Services Ltd 160 0 -117 843
Nuverra Environmental Solutions Inc 97 21 -26 0
Parker Drilling Co 481 105 -166 2,199
Patterson uti Energy Inc 1,111 1,413 -399 3,600
Rpc inc 745 1,098 -15 3,500
Rignet Inc 208 186 -46 503
Tetra Technologies Inc 15 323 174 2,400
Vantage Drilling International 94 0 -279 930
Ecolab Inc 11,873 63,864 1,141 47,430
Fuel Tech Inc 24 45 -1 198
Osler Inc 0 63 0 2
Tesco Corp 153 173 -59 1,215
Core Laboratories N v 459 1,087 31 4,600
Expro Group Holdings N v formerly Franks Internati 402 527 -79 0
Nextier Oilfield Solutions Inc 1,129 788 -190 0
Superior Energy Services Inc 845 3 -270 0
Leonardo Drs Inc 1,706 0 88 0
Forum Energy Technologies Inc 506 94 1 2,050
SUBTOTAL 247,444 318,068 -15,190 800,551


       
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