NOV Inc.

NOV Inc. (NYSE: NOV), formerly National Oilwell Varco, is a large enterprise oilfield equipment manufacturer headquartered in Houston, Texas, with combined operational history dating to 1862. The company designs and manufactures equipment for drilling, well construction, and production across three business segments: Rig Technologies, Wellbore Technologies, and Completion & Production Solutions. NOV employs approximately 34,000 people across 500+ locations in 59 countries. Within the tubular running and well construction segment, NOV manufactures a comprehensive line of power tongs, automated casing running systems, tubular handling tools, and torque monitoring equipment under its Varco BJ brand. The Iron Roughneck family (ST-80C2 through MPT-270) automates drill floor tubular connections with breakout torque capacities from 80,000 to 200,000 ft-lb. The TorqueMaster® offshore units provide hydraulic makeup/breakout capability up to 190,000 ft-lb. The CM-22 automated casing module enables hands-free casing running from 7 to 22 inches OD. All tubular handling tools — elevators, spiders, and flush-mounted slips — are built to API 7K standards. NOV reported full-year 2024 revenue of approximately $8.87 billion.