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NOV NOV

NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.

Company profile

Ticker
NOV
Exchange
Website
CEO
Clay Williams
Employees
Incorporated
Location
Fiscal year end
Former names
NATIONAL OILWELL INC, NATIONAL OILWELL VARCO INC
SEC CIK
IRS number
760475815

NOV stock data

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Calendar

28 Jul 21
2 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from NOV earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.57B 1.57B 1.57B 1.57B 1.57B 1.57B
Cash burn (monthly) 11.67M (positive/no burn) 7M 48.42M (positive/no burn) (positive/no burn)
Cash used (since last report) 13.06M n/a 7.83M 54.18M n/a n/a
Cash remaining 1.56B n/a 1.56B 1.52B n/a n/a
Runway (months of cash) 133.6 n/a 223.5 31.3 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 May 21 Harrison David D Common Stock Grant Aquire A No No 0 9,819 0 85,824
19 May 21 Mattson Eric L Common Stock Grant Aquire A No No 0 9,819 0 76,784
19 May 21 Armstrong Greg L Common Stock Grant Aquire A No No 0 9,819 0 84,632
19 May 21 Meyer Melody B Common Stock Grant Aquire A No No 0 9,819 0 34,929
19 May 21 Guill Ben A Common Stock Grant Aquire A No No 0 9,819 0 117,868

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 301 EXIT
Opened positions 0 48 EXIT
Closed positions 301 162 +85.8%
Increased positions 0 83 EXIT
Reduced positions 0 127 EXIT
13F shares
Current Prev Q Change
Total value 0 4.36B EXIT
Total shares 0 317.44M EXIT
Total puts 0 798K EXIT
Total calls 0 1.85M EXIT
Total put/call ratio 0.4
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change
Vanguard 0 -44.12M EXIT
PZN Pzena Investment Management 0 -39.52M EXIT
First Eagle Investment Management 0 -33.56M EXIT
Hotchkis & Wiley Capital Management 0 -28.05M EXIT
BLK Blackrock 0 -23.67M EXIT
STT State Street 0 -20.98M EXIT
Dodge & Cox 0 -16.47M EXIT
TROW T. Rowe Price 0 -7.66M EXIT
Oldfield Partners 0 -7.59M EXIT
Clearbridge Advisors 0 -6.79M EXIT

Financial report summary

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Management Discussion
  • Three and six months ended June 30, 2021 and 2020. Revenue from Wellbore Technologies was $463 million for the three months ended June 30, 2021, compared to $442 million for the three months ended June 30, 2020, an increase of $21 million or five percent. For the six months ended June 30, 2021, revenue from Wellbore Technologies was $876 million compared to $1,133 million for the six months ending June 30, 2020, a decrease of $257 million or 23 percent.
  • Operating profit from Wellbore Technologies was $6 million for the three months ended June 30, 2021 compared to a loss of $67 million for the three months ended June 30, 2020, an increase of $73 million. For the six months ended June 30, 2021, operating loss from Wellbore Technologies was $8 million compared to $730 million for the six months ending June 30, 2020, an increase of $722 million primarily due to the impairment of certain assets.
  • Three and six months ended June 30, 2021 and 2020. Revenue from Completion & Production Solutions was $497 million for the three months ended June 30, 2021, compared to $611 million for the three months ended June 30, 2020, a decrease of $114 million dollars or 19 percent. For the six months ended June 30, 2021, revenue from Completion & Production Solutions was $936 million compared to $1,286 million for the six months ending June 30, 2020, a decrease of $350 million or 27 percent.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: breadth, consumer, COVID, face, failure, gradual, inflationary, infrastructure, lighting, modernization, municipal, pole, policy, promote, residential, supplier, volume, wide
Removed: ASC, Brexit, calculation, collection, declined, delayed, delivery, depressed, environment, European, extending, fall, fourth, growing, ii, iii, increasing, iv, January, Kingdom, lack, lowest, majure, modest, nil, oilwell, potentially, remain, restructuring, retired, sequential, streamlining, target, Union, varco, withdrawal

Patents

APP
Utility
Mobile Factory
8 Jul 21
A mobile factory may include a plurality of over-the-road collapsible and expandable modules configured for arrangement adjacent one another to form a fabrication space.
APP
Utility
Blowout Preventer Apparatus and Method
8 Jul 21
Inventors: Lydia Mireles, Cesar J. Gonzalez, David E. Hill, Nathan Follett, Vaishali Bhuvela, Ali Al-Quraishi
APP
Utility
Tower Erection and Climbing Systems
8 Jul 21
Disclosed are tower erection systems and tower climbing systems and associated methods of operation.
APP
Utility
Process Automation Optimizes the Process of Placing a Drill Bit on the Bottom of the Wellbore
8 Jul 21
Tagging bottom utilizing an automated control system and downhole tools may include determining, by a computer processor, that a drill bit has reached a predetermined distance from a bottom of a wellbore, in response to determining that the bit has reached the predetermined depth, transmitting a rate of penetration set point to reduce a lowering speed of the drill bit, directing the drill bit based on the rate of penetration, determining, by the computer processor, that the rate of penetration is stable, in response to the determining that the rate of penetration has stabilized, automatically taring a surface weight on the drill bit and a differential pressure, and in response to determining that the bit is within a predetermined off bottom range, monitoring for a true bottom based on one or more parameter triggers.
GRANT
Utility
Downhole hole cleaning joints and method of using same
29 Jun 21
A hole cleaning joint for a drill string is deployed into a wellbore penetrating a subterranean formation.