My account

Trade National-Oilwell Varco, Inc - NOV CFD

1m
5m
15m
30m
1H
4H
1D
1W

Trader sentiment

% Buyers % Sellers

Daily change

38.540000
Low: 38.310000 High: 39.060000
  • Full Name National-Oilwell Varco, Inc
  • Currency USD
  • Spread Type Floating
  • Margin 20%
  • Min traded quantity 1
  • Stock exchange United States of America
Show more

National Oilwell Varco (NOV) is a US company engaged in gas and oil drilling equipment production. The company’s products are used in drilling, oilfield services, the oil and gas industry, etc. The business has operations in over 1,200 locations and has a presence across six continents. The company’s headquarters are based in Houston, Texas, and they employ almost 40,000 people.

 

National Oilwell Varco is split into four business units: Rig Systems, Completion and Production Solutions, Rig Aftermarket, and Wellbore Technologies.

 

The product portfolio includes:

  • Oil well drilling hardware (topdrives, drawworks, rotaries, BOPs, derricks, riser equipment, mud pumps, drilling rigs)

  • Other drilling tools (power generation, control system Cyberbase, etc.)

Houston Business Journal Research named National Oilwell Varco the biggest energy employer in the Houston area.

 

Segments

NOV Rig Systems is responsible for automation improvement. The unit designs and develops smarter drilling technologies to stay ahead of the industry.

NOV Rig Aftermarket The unit produces high quality aftermarket products and services, and increases uptime and elevate drilling solutions performance worldwide. It produces and distributes land rigs, drilling rig components, offshore drilling packages. The division’s technologies and equipment are power transmission systems, substructures, masts, derricks, pipe lifting, cranes, control systems, etc.

Wellbore Technologies is engaged into the operational production. The unit develops fluid control systems, tubular inspection services, etc. The division’s services and technologies are automation and drilling oprimisation services, monitoring and measuring systems, downhole tools, drill bits, waste management equipment, drilling fluids, wired pipe accessories, hole openers, and fishing tools.

NOV Completion and Production Solutions serves gas and oil producers and intervention service providers. It produces equipment and technologies used in hydraulic fracture stimulation. Here the portfolio includes pumping trucks, sanders, blenders, injection units, hydration units, flowline, wellheads, and well intervention.

 

History

The company was born from a series of mergers. In 1987, National Supply and USS Oilwell joined forces to form National Oilwell. Later, in 2000 National Oilwell teamed up with IRI International Corp.

 

In 2005, National Oilwell merged with Varco and that’s how National Oilwell Varco appeared.

 

Competitors

The company competes with Aker Solutions, MHWirth, American Block, American Electric Technologies, Bomco, Cavins Oil Well Tools, Nabors Industries, Trevi Group, Forum Energy Technologies and others.

 

Listing information

National Oilwell Varco (NOV) shares are listed on the New York Stock Exchange (NYSE). The company’s stock constitutes the S&P 500 market index. To learn the latest National Oilwell Varco share price, follow Capital.com.

Learn more

EU regulated and authorised


How we make money?

Capital.com makes the majority of it’s money through the spread, the difference between the buy and sell price.

Trade shares with leverage

Shares are available to trade with up to 5:1 leverage. Start trading with as little as $100 to control a position of $500

Shares CFD’s

  • Trade 24/7 on a wide range of shares

  • Buy and sell shares to take advantage of rises and falls in price

Profit and loss control

You can easily define Stops and Limits to request positions to close at a specified price.

Set up price alerts to be informed of big moves.

You might be interested in

Need help ?