NOV Inc
NOV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $96.00 | Vqg | Lxnfckk |
Rising Production Activity in International Markets Will Drive NOV's Growth in 2023
Business Strategy and Outlook
NOV is the fourth-largest diversified oilfield-services supplier after Schlumberger, Halliburton, and Baker Hughes. While NOV competes with the Big Three in many end markets, its significant presence in equipment manufacturing sets it apart. NOV is the largest original equipment manufacturer of rig systems for oilfield-services providers, holding a majority market share over the last two decades. It still controls over half the market today.