NOV Inc. (NOV)

Over the past six months, NOV's stock has trended upwards by 23.99%. Key events include the declaration of a regular quarterly cash dividend of $0.075 per share in November 2025. Also in November 2025, the company announced that Clay Williams will retire as Chairman and CEO, with Jose Bayardo appointed as CEO, effective January 1, 2026. During the Q3 2025 earnings call in October 2025, management highlighted robust free cash flow, margin improvements, and a record backlog in the Energy Equipment segment, although consolidated revenue was slightly down year-over-year and sequentially. As of November 21, 2025, the share price was $14.95, representing an 8.00% decline from $16.25 on November 25, 2024.

Demand for NOV, Inc.'s products and services is primarily driven by the overall activity levels in the global oil and gas industry, which are heavily influenced by oil and gas prices. The company's global manufacturing footprint and flexible production capabilities enable it to adapt quickly to changes in demand and mitigate revenue volatility. Historically, periods of cooling North American onshore activity have led NOV to concentrate efforts on offshore and international drilling markets. NOV's strategic expansion into renewable energy solutions aims to diversify its demand drivers and support the global energy transition.

NOV, Inc. is a global provider of technology, equipment, and services to the energy industry, focusing on transforming oil and gas development through enhanced cost-effectiveness, efficiency, safety, and environmental impact. The company operates within the Industrial Services sector, specifically the Oilfield Services/Equipment industry, with core business split into Energy Equipment and Energy Products and Services. NOV produces a comprehensive portfolio of products and services, including technologies for drilling, completion, and production needs, drilling rig equipment, and digital solutions. The company is also investing in renewable energy solutions.

NOV, Inc. has a significant global presence, operating in over 500 locations across six continents, including the Americas, the Middle East, Africa, Asia-Pacific, and Europe. International markets contribute nearly two-thirds of the company's annual revenue, highlighting its extensive global reach. This geographic diversity helps reduce potential revenue volatility.

NOV Inc. maintains a strong reputation for delivering innovative solutions to the oil and gas industry, making its products a lower-risk purchase for customers. In November 2025, NOV partnered with Armada to bring AI-powered solutions to the edge. Petrobras recognized NOV as the "Best Flexible Pipes Supplier" at its 8th annual Best Suppliers Awards. NOV was awarded a second contract to supply an APL Submerged Swivel and Yoke system for an offshore floating LNG project in Argentina. The company set a coiled tubing reach record in Saudi Arabia with its TerraPULSE CT Agitator.

NOV Inc. has a substantial institutional ownership base, with 851 institutional owners and shareholders holding a total of 471,904,725 shares. Major institutional owners include Pzena Investment Management Llc, Hotchkis & Wiley Capital Management Llc, Vanguard Group Inc, BlackRock, Inc., First Eagle Investment Management, LLC, Dimensional Fund Advisors Lp, and State Street Corp. Richard Pzena is noted as owning the most shares individually.