ADDED
As of February 6, 2026, there were 360,404,544 shares of the Company s common stock ($0.01 par value) outstanding.
With unmatched cross-segment capabilities, scope, and scale, NOV continues to develop and introduce technologies that further enhance the economics and efficiencies of energy production, with a focus on digital, automation, and robotics solutions.
Lower-cost, reliable sources of energy significantly contribute to raising the global standard of living by powering economic development, enabling better infrastructure and facilitating the production of goods and services that improve quality of life.
Business Strategy and Competitive Strengths NOV s primary business objective is to generate above-average, long-term capital returns.
With operations in 57 countries, NOV has developed an efficient global distribution network and relationships with virtually every oil and gas producer, service company, and contractor.
Leverage core capabilities and competencies to advance adjacent energy and infrastructure markets with high growth potential NOV s engineering expertise, complex global supply chain management, low-cost manufacturing, and large-scale energy infrastructure development provide unique capabilities to accelerate energy mix diversification and enhance critical infrastructure solutions.
3 NOV s infrastructure leverages the energy industry s cyclicality.
Revenues are derived from services and rentals, sales of shorter-lived or single-application capital assets and consumable products.
Additionally, NOV offers a suite of remotely activated advanced completion tools that improve the efficiency and productivity of offshore well construction.
The Company incorporates proprietary technologies in the delivery of such solutions, including its thermal desorption systems that efficiently minimize and treat drilling waste for safe on-site disposal.
REMOVED
As of January 31, 2025, there were 380,819,811 shares of the Company s common stock ($0.01 par value) outstanding.
With unmatched cross-segment capabilities, scope, and scale, NOV continues to develop and introduce technologies that further enhance the economics and efficiencies of energy production, with a focus on digital solutions, including automation, predictive analytics, and condition-based maintenance.
Business Strategy and Competitive Strengths NOV s primary business objective is to generate above-average, long-term capital returns and further enhance its position as a leading independent global energy technology and equipment provider by delivering solutions that help lower the marginal cost and environmental footprint associated with energy development and production from oil, gas, and renewable sources.
With operations in 59 countries, NOV has developed an efficient worldwide distribution network and relationships with virtually every oil and gas producer, service company, and contractor.
Leverage core capabilities and competencies to assist customers in efforts to reduce their environmental footprint and improve the economics of alternative sources of energy NOV s engineering expertise, complex global supply chain management, low-cost manufacturing, and large-scale energy infrastructure development provide unique capabilities to help customers economically diversify the energy mix.
Revenues are derived from sales of consumable products, services and rentals, and sales of shorter-lived, or single-application, capital asset sales.
The Company incorporates proprietary technologies in the delivery of such solutions, including its thermal desorption systems that efficiently minimize and treat drilling waste at the source for safe on-site disposal, significantly improving the efficiency of costly activities such as barge vessel trips, crane lifts, and trucking transport while also reducing the carbon emissions from the same.
The Company provides a broad spectrum of MPD solutions to help manage wellbore pressures and optimize drilling performance.
Offerings include rotating control devices, managed pressure drilling manifolds, full drilling control network integration, and engineering services.
Revenues are derived from sales of capital equipment and aftermarket spare parts, repair, and rentals, as well as comprehensive technical support, field service, and training.