NOV Inc

NOV: XNYS (USA)

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Adjusting NOV's Outlook Based on the New Tariff Environment

Joshua Aguilar

Apr 11, 2025

Business Strategy and Outlook

NOV is the fourth-largest diversified oilfield-services supplier after Schlumberger, Halliburton, and Baker Hughes. It competes with the Big Three in many end markets, but its significant presence in equipment manufacturing sets it apart. NOV is the largest original equipment manufacturer of rig systems for oilfield-services providers in onshore and offshore markets. It's maintained majority market share for two decades, controlling over half the market.

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NOV Inc

Adjusting NOV's Outlook Based on the New Tariff Environment

Business Strategy and Outlook

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