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National Oilwell Varco

Provides equipment to oil and gas drillers.

Headquarters: 7909 Parkwood Circle Drive
Houston, TX 77036
Employees: 42,183
CEO: Pete Miller
Stock Symbol: NOV

Website: http://www.nov.com

Career Site

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 solutions.

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.

Benefits

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