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National Oilwell Varco, Inc. (NOV)


NYSE - NYSE Delayed Price. Currency in USD
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33.58+0.40 (+1.21%)
At close: 4:03PM EDT

33.58 0.00 (0.00%)
After hours: 5:06PM EDT

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National Oilwell Varco, Inc.

7909 Parkwood Circle Drive
Houston, TX 77036
United States
713-346-7500
http://www.natoil.com

SectorBasic Materials
IndustryOil & Gas Equipment & Services
Full Time Employees36,140

Key Executives

NameTitlePayExercisedAge
Mr. Clay C. WilliamsChairman, Chief Exec. Officer and Pres846.6kN/A54
Mr. Jose A. BayardoChief Financial Officer and Sr. VP681kN/A45
Mr. Scott K. DuffChief Accounting Officer, VP and Corp. Controller387kN/A49
Mr. Craig L. WeinstockSr. VP, Gen. Counsel and Sec.543.15kN/A58
Mr. Joseph W. RovigPres of the Rig Systems and Rig Aftermarket Segments591.25kN/A56
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, rope access inspection, and instrumentation services. The Completion and Production Solutions segment offers pressure pumping trucks, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; onshore production, including composite pipes, surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems; and offshore production comprising floating production systems, and subsea production technologies. The company was founded in 1862 and is based in Houston, Texas.

Corporate Governance

National Oilwell Varco, Inc.’s ISS Governance QualityScore as of July 1, 2017 is 7. The pillar scores are Audit: 1; Board: 9; Shareholder Rights: 7; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.