National Oilwell Varco, Inc.

National Oilwell Varco, Inc.

National Oilwell Varco, Inc.

Overview
Date Founded

1995

Headquarters

7909 Parkwood Circle Drive,Houston, TX 77036-6565

Type of Company

Public

Employees (Worldwide)

35.1K

Industries

Oil & Gas
Wholesale: Industrial Products & Manufacturing
Other Business & Consulting Services
Computer Software

Company Description

National Oilwell Varco, Inc. provides equipment and technology to the upstream oil and gas industry. The company operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions. The Rig Technologies segment monitors its capital equipment backlog to plan its business. The Wellbore Technologies segment designs, manufactures, rents, and sells a variety of equipment and technologies used to perform drilling operations, and offers services that optimize their performance. The Completion and Production Solutions segment integrates technologies for well completions and oil and gas production. The company was founded in 1841 and is headquartered in Houston, TX.

Contact Data
Trying to get in touch with decision makers at National Oilwell Varco, Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chairman of the Board, President & Chief Executive Officer

Senior Vice President & Chief Financial Officer

Senior Vice President, Secretary & General Counsel

Chief Marketing Officer

Chief Technology Officer & Vice President

Chief Information Officer

Chief Accounting Officer, Vice President & Corporate Controller

Chief Investor & Industry Relations Officer

President, Rig Systems & Rig Aftermarket Segments

Chief Health, Safety & Environment Officer

Board of Directors

Chairman of the Board, President & Chief Executive Officer at National Oilwell Varco, Inc.

Co-Founder at White Deer Energy Management LLC

Chairman & Chief Executive Officer at EOG Resources, Inc.

Director at National Oilwell Varco, Inc.

Trustee-Great Commission Foundation at Episcopal Diocese of Texas

Lead Director at National Oilwell Varco, Inc.

Executive Chairman of the Board, Interim Chief Executive Officer at Alta Mesa Holdings LP

Director at National Oilwell Varco, Inc.

Former President, Asia Pacific-Exploration & Production Company at Chevron Corp.

Paths to National Oilwell Varco, Inc.
Potential Connections via
Relationship Science
You
National Oilwell Varco, Inc.
Owners & Shareholders
Details Hidden

Pzena Investment Management is a global investment management firm that employs a classic value investment approach. The firm began managing assets on January 1, 1996. Our solid return record and reputation for business integrity, research excellence, and devotion to our investment philosophy has led to significant growth in our business. As of February 28, 2013, the firm managed $18.9 billion in assets for leading corporate, public, and individual clients. Our team is made up of 69 employees. Our headquarters is in New York City, with a representative office in Melbourne, Australia.

Details Hidden

VVP seeks to achieve long-term capital appreciation by investing primarily in publicly-traded companies that are believed to be both undervalued and possessing a sustainable competitive advantage. The firm uses fundamental bottom-up analysis to identify companies believed to have sustainable competitive advantages allowing them to produce free cash flow and earn superior cash returns on capital. They seeks to invest in businesses that are run by ethical, capable, shareholder-oriented management teams that also are good operators and understand the importance of capital allocation. VVP then focuses their analysis on the difference between the price of the company's securities and their estimate of the intrinsic value of the securities. An investment becomes more attractive as the difference between value over price expands and the margin of safety increases. The firm generally invests larger amounts of a client's assets in companies determined to have lower price-to-value ratios and reduce capital committed to companies determined to have higher price-to-value ratios.

Details Hidden

FEIM is a global, value-oriented investment manager that seeks to produce consistent absolute returns over the long-term without regard for industry benchmarks. They construct well-diversified portfolios through cautious security selection with an emphasis on risk aversion. FEIM focuses on investments with a substantial margin of safety, healthy balance sheets and clear business models. They employ bottom-up security analysis that is independent of broad market conditions or industry trends and focuses on downside protection. FEIM currently manages the following primary investment strategies: Global Value and International Value, International Small Cap Value, High Yield, Gold, US Value, and Global Income Builder.

Recent Transactions
Details Hidden

National Oilwell Varco, Inc., NOV Process & Flow Technologies AS purchase Fjords Processing Korea Co., Ltd.

Details Hidden

National Oilwell Varco, Inc. purchases GustoMSC BV from Parcom Capital Management BV

Details Hidden

National Oilwell Varco, Inc. purchases Vallourec SA /Subsidiaries 3 from Vallourec SA

Insider Transactions
Details Hidden
Details Hidden
Transaction Advisors
Legal Advisor

Advised on purchases Now, Inc. from National Oilwell Varco, Inc.

Legal Advisor

Advised onNational Oilwell Varco, Inc. purchases Ameron International Corp.

Investment Advisor

Advised on purchases Now, Inc. from National Oilwell Varco, Inc.

Head, Mergers & Acquisitions Section

Advised on purchases Now, Inc. from National Oilwell Varco, Inc.

Legal Advisor

Advised on purchases Now, Inc. from National Oilwell Varco, Inc.

Legal Advisor

Advised on purchases Now, Inc. from National Oilwell Varco, Inc.

Advisors & Consultants
Advisor

Houston Managing Partner at Ernst & Young LLP

Clients

Wajax Corp. engages in providing industrial products and services. It operates through the following segments: Equipment, Power Systems, and Industrial Components. The company was founded by Bernard Joseph Coghlin in 1858 and is headquartered in Mississauga, Canada.

Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway; Exploration and Production International; Marketing, Midstream, and Processing; and Other. The Exploration and Production Norway segment includes the commercial development of oil and gas portfolios on the Norwegian continental shelf. The Exploration and Production International segment covers offshore and onshore activities in the USA, Mexico, and other operations worldwide. The Marketing, Midstream, and Processing segment markets and trades of oil and gas commodities. The Other segment includes new energy solutions; global strategy and business development; technology; projects and drilling; and corporate staffs and services. The company was founded on September 18, 1972 and is headquartered in Stavanger, Norway.

Ranger Energy Services, Inc. engages in the provision of service rigs and associated services. It operate through the following segments: High Specification Rigs; Completion and Other Services; and Processing Solutions. The High Specification Rig segment provides service rigs and complementary equipment and services. The Completion and Other Services segment consists of wireline and snubbing lines of business. The Processing Solutions segment is involved in rental, installation, commissioning, start-up, operation and maintenance of mechanical refrigeration units, natural gas liquid (NGL) stabilizer units, NGL storage units, and related equipment. The company was founded in February 2017 and is headquartered in Houston, TX.

Key Stats and Financials As of 2018
Market Capitalization
$8.41B
Total Enterprise Value
$11.1B
Earnings Per Share
$-0.08
Revenue
$8.46B
Total Equity
$13.9B
Total Debt
$2.71B
Net Profit
$-31M
Enterprise Value Sales
1.31x
TEVNet Income
-357.05x
Debt TEV
0.24x
Enterprise Value EBITDAOperating
12.34x
EBITDAMargin
10.61%
EBITDA
$897M
Three Year Compounded Annual Growth Rate Of Revenue
-16.91%
Five Year Compounded Annual Growth Rate Of Revenue
-18.03%
Investments
Details Hidden

Albert LXII Ltd. provides marine mooring and fluid transfer technologies. The company is headquartered in Aberdeen, the United Kingdom.

Investors
Details Hidden

Life Peer at United Kingdom House of Lords

Suppliers
RBC Bearings, Inc. Metal Manufacturing & Products | Oxford, CT

RBC Bearings, Inc. engages in the design, manufacture, and marketing of engineered precision bearings and products. It operates through the following segments: Plain Bearings, Roller Bearings, Ball Bearings and Engineered Products. The Plain Bearings segment produces self-lubricating, metal-to-metal designs and other sub-classes, including rod end bearings, spherical plain bearings, and journal bearings. The Roller Bearings segment manufactures anti-friction products that utilize cylindrical rolling elements. The Ball Bearings segment offers high precision aerospace, airframe control, and thin section and industrial ball bearings. The Engineered Products segment consists engineered hydraulics and valves, fasteners, precision mechanical components, and machine tool collets used in aircraft and submarine applications, as well as aerospace and defense aftermarket services. The company was founded in 1919 and is headquartered in Oxford, CT.

WSI Industries, Inc. Other Manufacturing | Monticello, MN

WSI Industries, Inc. engages in the provision of precision contract machining in the field of aerospace, communication, energy, recreational powersports vehicles, bioscience, defense, and industrial markets. The firm also manufactures metal components in medium to high volumes requiring tolerance as close as one-ten-thousand of an inch. The company was founded in 1950 and is headquartered in Monticello, MN.

RigNet, Inc. Pension Funds & Sovereign Wealth | Houston, TX

RigNet, Inc. is a technology company, which engages in the provision of customized communications services, applications, and cybersecurity solutions. It operates through the following segments: Managed Services, Applications & Internet-of-Things, Systems Integration and Corporate. The Managed Services segment comprises remote communications, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. The Applications & Internet-of-Things segment focuses on the applications over-the-top of the Managed Services segment including Supervisory Control and Data Acquisition (SCADA) and Software as a Service (SaaS) offerings including BlackTIE and CyphreLink encryption, weather monitoring primarily in the North Sea (MetOcean), real-time data monitoring and machine-to-machine learning, and certain other value-added services such as Adaptive Video Intelligence (AVI). The Systems Integration segment gives design and implementation services for customer telecommunications systems. The Corporate segment consists of unallocated executive and support activities, interest expense, income taxes and eliminations. RigNet was founded by Omar Kulbrandstad in 2000 and is headquartered in Houston, TX.

Competitors
Baker Hughes Co. Oil & Gas - Houston, Texas

Baker Hughes Co. is a holding company, which engages in the provision of oilfield products, services, and digital solutions. It operates through the following four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS) and Digital Solutions (DS). The OFS segment provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production, and intervention. The OFE segment provides a broad portfolio of products and services required to facilitate the safe and reliable flow of hydrocarbons from the subsea wellhead to the surface production facilities. The TPS segment provides equipment and related services for mechanical-drive, compression and power-generation applications. The DS segment provides operating technologies helping to improve the health, productivity, and safety of asset intensive industries and enable the Industrial Internet of Things. The company was founded on October 28, 2016 and is headquartered in Houston, TX.

Halliburton Company Oil & Gas - Houston, Texas

Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.

Schlumberger Ltd. Oil & Gas - Houston, TX

Corporate profile: Schlumberger Knowledge, technical innovation and teamwork are at the center of who we are. For more than 80 years, we have focused on leveraging these assets to deliver solutions that improve customer performance. Today, our real-time technology services and solutions enable customers to translate acquired data into useful information, then transform this information into knowledge for improved decision making-anytime, anywhere. Harnessing information technology in this way offers enormous opportunities to enhance efficiency and productivity. This is a quantum leap from providing traditional 'just-in-case' information to delivering 'just-in-time' knowledge that meets the changing needs of our customers

Awards & Honors
Rank #192
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #192
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by National Oilwell Varco, Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of National Oilwell Varco, Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and National Oilwell Varco, Inc..