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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

NOV Appoints Patricia Melcher to the Board of Directors

Rhea-AI Summary
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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Ascent Industries Appoints John W. "Wes" Johnson as President of Ascent Tubular

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Ascent Industries Co. (Nasdaq: ACNT) has appointed John W. Johnson as president of Ascent Tubular, bringing over 20 years of leadership experience in global industrial-focused companies. With a proven track record of implementing successful transformation strategies, Mr. Johnson aims to drive improved financial performance for Ascent Tubular. His appointment reflects Ascent's commitment to strengthening operational leadership and driving profitability across the organization.
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NOV Declares Regular Quarterly Dividend

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NOV Inc. (NYSE: NOV) Declares $0.05 Quarterly Cash Dividend
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NOV Announces Retirements and Appointments of Officers and Consolidation of Operational Segment Structure

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NOV Inc. announces the retirement of two presidents and a consolidation of reporting structure. The retirement of Isaac Joseph and Kirk Shelton will be effective December 31, 2023. NOV will consolidate its reporting structure into two segments: Energy Equipment and Energy Products and Services. Joe Rovig will lead the Energy Equipment segment, while Scott Livingston will serve as the President of Energy Supply and Services. The reorganization and appointments will be effective January 1, 2024.
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NOV Reports Third Quarter 2023 Earnings

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NOV Inc. reports Q3 2023 revenues of $2.19 billion, up 4% sequentially and up 16% YoY. Net income was $114 million, down $41 million sequentially and up $82 million YoY. Adjusted EBITDA increased to $267 million, up $22 million sequentially and up $72 million YoY. NOV expects working capital to normalize and positive free cash flow in Q4.
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NOV Announces Third Quarter 2023 Earnings Conference Call

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NOV Inc. to hold conference call for Q3 2023 results on October 27, 2023
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NOV Declares Regular Quarterly Dividend

Rhea-AI Summary
NOV Inc. (NYSE: NOV) has declared a regular quarterly cash dividend of $0.05 per share of common stock. The dividend will be payable on September 29, 2023, to stockholders of record on September 15, 2023.
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NOV Reports Second Quarter 2023 Earnings

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NOV Announces Second Quarter 2023 Earnings Conference Call

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NOV Inc. to hold conference call to discuss Q2 2023 results on July 27, 2023
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FAQ

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

The current stock price of NOV (NOV) is $14.93 as of January 22, 2025.

What is the market cap of NOV (NOV)?

The market cap of NOV (NOV) is approximately 6.0B.

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

#1185 Ranked by Market Cap
#1395 Ranked by Dividends

NOV Stock Data

5.96B
386.63M
0.63%
99.12%
4.39%
Oil & Gas Equipment & Services
Oil & Gas Field Machinery & Equipment
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United States of America
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