- NOV Inc. is a leading provider of critical equipment and technology for the energy sector, with a strong market position evidenced by $8.74 billion in full-year revenues for 2025.
- In March 2026, NOV announced a $200 million investment to double the capacity of its subsea flexible pipe manufacturing facility in Açu, Brazil, to meet anticipated demand from offshore development activities.
- The company maintains a robust backlog of $4.34 billion and has established partnerships with key customers in the energy sector, focusing on advanced solutions for high-CO₂ applications.
- NOV's ideal buyers are companies involved in offshore energy development, as they provide innovative solutions that address challenges related to safety and logistics, particularly in light of recent operational disruptions due to geopolitical events.
The workforce is structured across 19 departments, with Operations being the largest at 2,592 employees, followed by Information Technology with 1,846 employees. Sales and Executive departments also contribute significantly, with headcounts of 853 and 824, respectively. This distribution indicates a strong emphasis on operational efficiency and technological support within the organization, while also maintaining robust sales and executive leadership functions.
The company operates across 434 locations, with a significant concentration in Houston, Texas, which houses 2,689 employees. Other notable locations include Conroe, Texas, with 209 employees, and Sugar Land, Texas, with 151 employees. The large 'Other' category, comprising 7,727 employees, suggests a distributed workforce model, indicating the company's extensive reach across various regions and a potential for remote operations.
