NOV Inc.

NOV Inc. is a leading independent equipment and technology provider to the global energy industry. For over 160 years, NOV and its predecessor companies have supported oil and gas development by providing technology for drilling, completion, and production needs. The company focuses on digital, automation, and robotics solutions to enhance the economics and efficiencies of energy production. NOV has developed and refined technologies to improve the economic viability of frontier resources, including unconventional and deepwater oil and gas, and more recently, solutions for alternative energy sources. NOV serves major-diversified, national, and independent service companies, contractors, and energy producers across 57 countries. The company operates through two segments: Energy Equipment and Energy Products and Services. NOV's primary business objective is to generate above-average, long-term capital returns. Its strategy involves leveraging economies of scale as a leading global energy technology and equipment provider, utilizing its proprietary technology, and applying its core capabilities to advance the energy mix. NOV believes its business model is less asset- and capital-intensive compared to most other participants in the energy industry.