to oil and gas drillers.
Headquarters: 7909 Parkwood Circle Drive
Houston, TX 77036
CEO: Pete Miller
Stock Symbol: NOV
National Oilwell Varco is a worldwide leader
in the design, manufacture and sale of equipment and components
used in oil and gas drilling and production, the provision of
oilfield inspection and other services, and supply chain integration
services to the upstream oil and gas industry.
National Oilwell Varco is the single source
for rig equipment, integrated systems, downhole tools, and supply
chain solutions. From a spare part to a comprehensive drilling
system - and from a generic valve to a fully integrated supply
chain process, National Oilwell Varco delivers unlimited customer
National Oilwell Varco designs, manufactures
and sells the major mechanical components for both land and offshore
drilling rigs as well as complete land drilling and well servicing
rigs. The major mechanical components include drawworks, mud
pumps, power swivels, SCR systems, traveling equipment and rotary
tables. The Company also designs and manufactures a broad offering
of downhole products, including drilling motors and specialized
drilling tools for rent and sale. National Oilwell Varco also
provides distribution services through its network of distribution
service centers located in the United States, Canada and near
major drilling and production activity worldwide.
The company has acquired numerous brands and has over 800 manufacturing, sales and service centers.
The company reported 2011 revenues of $14.66 billion and net income of $1.99 billion.
Pete Miller, Chairman, President and CEO of National Oilwell Varco, said, “We achieved solid results in 2011. The Company posted record revenues, net income, and orders for capital equipment, which at $10.8 billion for the year handily beat our previous high of $7.3 billion. We used the year to focus on efficiency and technology, while continuing to invest for future growth, to position National Oilwell Varco to capitalize on extraordinary opportunities emerging in the oil and gas industry."
The company was founded in 1862.
National Oilwell Varco offers a comprehensive employee benefit package including health, life, and disability insurance; a retirement plan; and paid time off.
Updated September 25, 2012