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NOV Inc.
As of May 30, 2026 at 24:05 UTC
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About NOV Inc.
NOV (formerly National Oilwell Varco) designs, manufactures, and sells a wide range of equipment and components supplying the oil and gas industry, including rig equipment, downhole tools, drill pipe, and well casing. NOV's customers include major integrated oil companies, national oil companies, independent oil and gas companies, and drilling contractors. Its operations are organized into two reportable segments: energy products and services and energy equipment. NOV operates on a global scale, with international markets contributing nearly two-thirds of its annual revenue.
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Latest News
5 articlesNOV Inc. announced a regular quarterly cash dividend of $0.09 per share payable on June 26, 2026, and a supplemental cash dividend of $0.09 per share payable on June 12, 2026, as part of its 2025 return of capital plan.
NOV Inc. reported Q1 2026 revenues of $2.05 billion, down 2% year-over-year, with net income of $19 million ($0.05 per share). The company faced significant operational disruptions in the Middle East estimated at $54 million in revenue and $32 million in Adjusted EBITDA impact. Despite near-term challenges, management expects a shift toward an undersupplied market and anticipates a new capital equipment cycle driven by higher commodity prices and renewed energy security focus. The company returned $100 million to shareholders and secured several strategic contracts across offshore, drilling, and industrial applications.
NOV Inc. announced the appointment of Sanjay Chowbey, President and CEO of Kennametal Inc., to its Board of Directors effective March 17, 2026. Chowbey brings over 20 years of experience in global manufacturing and industrial technology leadership, with previous roles at Flowserve Corporation, Danaher Corporation, and Arvin Meritor. He will serve on NOV's Audit Committee.
NOV Inc. announced it will hold a conference call on April 28, 2026, at 10 a.m. Central Time to discuss its first quarter 2026 results. The company will issue a press release with results after market close on April 27, 2026, with the call webcast live on its investor website.
NOV Inc. announced that its Board of Directors voted to increase its regular quarterly cash dividend by 20 percent to $0.09 per share. The dividend is payable on March 27, 2026 to stockholders of record on March 13, 2026.