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National Oilwell Varco, Inc. · Houston, TX United States ·(NYSE: NOV)

Company Description

7909 Parkwood Circle Dr.
Houston, TX
77036
United States (Map)
Phone: 713-375-3700
Fax: 713-346-7687
Rankings
  • #420 in FT Global 500
  • #200 in FORTUNE 500
  • S&P 500
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National Oilwell Varco is the tool man of the oil patch, especially after merging with Varco International. The company makes, distributes, and services oil and gas drilling equipment for land and offshore drilling rigs. Its mechanical components include drawworks, mud pumps, cranes, jacking systems, automated pipehandling tools, top drives, and traveling equipment. Other products include masts, derricks, substructures, and cranes. National Oilwell Varco operates distribution service centers worldwide. In 2008 the oil services company acquired Grant Prideco for about $7.5 billion. To read the full description, subscribe now.
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Key National Oilwell Varco, Inc. Financials

Company TypePublic - NYSE: NOV

Headquarters
Fiscal Year-EndDecember
2008 Sales (mil.)$13,431.4
2008 Employees40,205

National Oilwell Varco, Inc. Executives

19 executives listed for National Oilwell Varco, Inc.'s Houston, TX location.
TitleName & BioContact
Chairman, President, CEO, and DirectorMerrill MillerNetwork
SVP and CFOClay WilliamsNetwork
VP and CTOHege KvernelandNetwork

Competition

Competitive Landscape for National Oilwell Varco, Inc.
Demand for machinery depends on overall industrial activity and on the health of sectors such as agriculture, construction, and power generation. The profitability of individual companies depends on engineering expertise and efficient production. Large companies have economies of scale in purchasing. Small companies can compete effectively by specializing. The industry is capital-intensive: average annual revenue per worker is about $320,000. To read the full description, subscribe now.
Top National Oilwell Varco, Inc. Competitors
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