The Company is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
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NOV - National Oilwell Varco to some, No Other Vendor for others, provides equipment to the oil/gas drilling industry. As the energy industry looks to develop less-traditional reserves NOVs supplies become more important, and as regulations heighten drillers will look to reliable suppliers of high repute. Consumable sales and rig maintenance provide decent margin, decent reliability earnings to complement the more oil price-sensitive aspects of the business.