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NOV Inc. - NOV STOCK NEWS

Welcome to our dedicated page for NOV news (Ticker: NOV), a resource for investors and traders seeking the latest updates and insights on NOV stock.

NOV Inc. (NYSE: NOV) is a globally recognized leader in the design, manufacturing, and sale of equipment and components used in oil and gas drilling and production operations. The company also offers vital oilfield services to the oil and gas industry, leveraging over 150 years of experience to drive customer success. NOV's extensive portfolio includes high-quality products such as downhole tools, drill pipe, and well casing. With a substantial international presence, nearly two-thirds of NOV's revenue is generated from global markets.

Through continuous innovation, NOV has developed some of the highest quality products available in the market. The company prides itself on having the technical expertise, advanced equipment, and comprehensive support necessary for its customers to excel in a challenging and evolving industry.

Recent achievements and ongoing projects highlight NOV's commitment to excellence and innovation. The company's partnerships with key industry players have resulted in pioneering solutions that address the complexities of modern oil and gas operations. Financially, NOV remains robust, consistently investing in new technologies and expanding its global footprint to better serve its customers.

Whether you are an investor looking to understand NOV's market position or a professional seeking the latest equipment and service offerings, NOV stands as a beacon of reliability and innovation within the oil and gas sector.

News

Arcosa, Inc. Announces Completion of Ameron Acquisition

Rhea-AI Summary
Arcosa, Inc. (NYSE: ACA) completes the acquisition of Ameron Pole Products for $180 million, expanding its infrastructure product offerings. Ameron, a leading manufacturer of concrete and steel poles, had revenues of $94 million in 2023. The acquisition aims to accelerate Arcosa's growth in Engineered Structures, supported by cash flow and strategic acquisitions.
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NOV Announces First Quarter 2024 Earnings Conference Call

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NOV Inc. (NYSE: NOV) announces a conference call to discuss its first quarter 2024 results on April 26, 2024, following the release of the Company's results on April 25, 2024.
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Arcosa Announces Agreement to Acquire Ameron Pole Products from NOV Inc.

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Arcosa, Inc. (NYSE: ACA) acquires Ameron Pole Products, LLC for $180 million, expanding into the concrete and steel pole lighting market. Ameron had revenues of $94 million and Adjusted EBITDA of $20 million in 2023. The acquisition is expected to enhance Arcosa's Engineered Structures segment and increase exposure to growing infrastructure markets.
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NOV Appoints Patricia Martinez to the Board of Directors

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NOV Inc. (NYSE: NOV) appoints Patricia Martinez to its Board of Directors, bringing extensive industry experience in energy businesses and the energy transition. Martinez's background includes roles at Enerflex Ltd. and Valerus Compression Services, enhancing NOV's energy transition strategy.
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NOV Announces Opening of Regional Headquarters in Dammam, Saudi Arabia

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NOV Inc. establishes regional headquarters in Dammam, Saudi Arabia, emphasizing commitment to the region. The facility aims to enhance operational efficiency and strengthen market position by fostering collaboration with regional stakeholders. The ceremony highlighted collaborative efforts between NOV and the Ministry of Investment, focusing on driving economic growth and innovation in the energy sector.
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DELETED: NOV Announces Opening of Regional Headquarters in Dammam, Saudi Arabia

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The press release regarding NOV has been deleted by the news provider.
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NOV Declares Regular Quarterly Dividend

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NOV Inc. (NYSE: NOV) declares a regular quarterly cash dividend of $0.05 per share of common stock, payable on March 28, 2024, to stockholders of record on March 14, 2024.
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NOV Reports Fourth Quarter and Full Year 2023 Earnings

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NOV Inc. (NYSE: NOV) reported fourth quarter 2023 revenues of $2.34 billion, up 7% sequentially and 13% year-over-year. Net income was $598 million, including the release of valuation allowances on deferred tax assets of $485 million. Operating profit was $161 million. Adjusted EBITDA increased 10% sequentially to $294 million. Full year 2023 revenues were $8.58 billion, with net income of $993 million. The company's new products and technologies are seeing rising customer interest, and international and offshore markets point to rising demand for longer-cycle capital equipment businesses over the next several years.
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NOV Appoints Patricia Melcher to the Board of Directors

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NOV Inc. (NYSE: NOV) announced the appointment of Patricia B. Melcher to its Board of Directors, effective January 17, 2024. Ms. Melcher, a Managing Partner of EIV Capital, brings decades of energy-focused private equity experience. With her extensive background in the energy industry, she is expected to provide valuable insights in capital allocation and governance to empower the energy industry to create value for NOV shareholders.
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NOV Announces Fourth Quarter and Full Year 2023 Earnings Conference Call

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NOV Inc. (NYSE: NOV) to hold conference call to discuss Q4 and full year 2023 results on February 2, 2024
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FAQ

What is the current stock price of NOV (NOV)?

The current stock price of NOV (NOV) is $15.97 as of November 15, 2024.

What is the market cap of NOV (NOV)?

The market cap of NOV (NOV) is approximately 6.3B.

What does NOV Inc. specialize in?

NOV Inc. specializes in the design, manufacture, and sale of equipment and components used in oil and gas drilling and production operations, as well as providing essential oilfield services.

How long has NOV Inc. been in the industry?

NOV Inc. leverages over 150 years of experience in the oil and gas industry to deliver high-quality products and services.

What products does NOV Inc. offer?

NOV Inc. offers a wide range of products including downhole tools, drill pipe, and well casing.

What percentage of NOV Inc.'s revenue comes from international markets?

Nearly two-thirds of NOV Inc.'s annual revenue is generated from international markets.

What sets NOV Inc. apart from its competitors?

NOV Inc. is distinguished by its extensive experience, technical expertise, advanced equipment, and unwavering commitment to innovation and customer success.

What recent achievements has NOV Inc. made?

NOV Inc. has recently achieved significant milestones in innovation and has strengthened its global presence through key partnerships and new technological advancements.

How does NOV Inc. support its customers?

NOV Inc. provides comprehensive support including technical expertise, advanced equipment, and readily available assistance to ensure customer success.

Is NOV Inc. financially stable?

Yes, NOV Inc. is financially robust and continues to invest in new technologies and expand its global operations.

What kind of services does NOV Inc. provide?

NOV Inc. offers essential oilfield services tailored to the needs of the oil and gas industry, supporting drilling and production operations.

Why should investors consider NOV Inc.?

Investors should consider NOV Inc. for its strong market position, innovative product portfolio, global revenue base, and commitment to driving lasting success in the oil and gas sector.

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NOV Inc.

NYSE:NOV

NOV Rankings

#1131 Ranked by Market Cap
#1430 Ranked by Dividends

NOV Stock Data

6.28B
389.08M
0.63%
102.87%
3.66%
Oil & Gas Equipment & Services
Oil & Gas Field Machinery & Equipment
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United States of America
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