Revenues for the full year 2022 were $7.24 billion, an increase of $1.71 billion, or 31%, compared to full year 2021. Net income for the full year 2022 was $155 million, or 2.1 percent of sales, which included $114 million of pre-tax Other Items... —  read more 

Is CaPs being integrated into RIG ? Heard it being discussed in a Parkwood John and one of the guys talking reports to Clay

Analysts estimate $.23 per share. There is no way NOV will achieve this.

If so, could they throw in some hash browns?

I’ve only been here at the tower now for 2 days and I already can’t stand it here. Who thought it was a great idea to put the sales team in one room and put us in cubicles? I tried talking to multiple customers today from my desk and couldn’t hear... —  read more 

What’s it looking like boys ?

Some think that the bonus implies some kind of job security. I thought so too, however, others tell me that it would not be unusual to receive a bonus and then be laid off. I would like to hear your opinion.

Now that bonuses are coming up does anybody expect to see a good one this year? They cut a lot of percentage from people that “don’t matter”

They seem to be laying off all employees from Algeria; 3 have been let go in a years time, if your Algerian watch out!

A source inside Southwest Airlines recently passed this on and gave me permission to share. This is worth reading: “What happened to Southwest Airlines? I’ve been a pilot for Southwest Airlines for over 35 years. I’ve given my heart and soul to... —  read more 

Some say that there could be cuts after the holidays. How much truth is there in that?

Just been told the bonus is going to be great in Feb.Has the Elf delivered? But the stock price is sh--e. Go and look at how other oil field companies are doing.

Meetings that lack clear purpose, and there are a lot of them, distract me from work. I'm constantly overbooked and I'm tired of it. Also, it seems to me that the frequency of meetings has significantly increased. What is the reason why we have so... —  read more 

Will there be any National Oilwell Varco layoffs? Any chatter, news or rumors?

How are things in the big factory? We must be getting busy now?. Our customers are telling me that our products are good but we’re slacking on delivery times. We need a big push in December if I’m to increase sales for Q1 2023.

I've caught wind of NOVs competition poaching NOV employees with 20-25% pay increases, higher bonuses, better retirement matching, better benefits, actual career advancement opportunities, and more training. Is the grass really greener on the other... —  read more 

I really enjoy working here. I enjoy that this is a non profit company that is socially aware. I like that we gave beto a Segway and we support the theatre. I feel humble just walking in the tower.

Rumor is the Tuboscope execs are moving from their corporate office over to the tower. Tuboscope facility is staying open though other than the top brass. Great strategy, let’s take the top guys who are already clueless on what’s going on in their... —  read more 

NOV reported earnings of 8 cents. Analysts estimates were 15 cents. A profit, but well short of analysts est.

Really!?! YAAAAAAWN. The only possible significant achievement the company will ever have, is when the Chief Elfecutive is gone. Somebody should Elon Musk the whole C-suite.

Anyone know what the strategy is?

Sometimes I am simply amazed that NOV still has good employees who care about this company. Why? Because they are always the target of criticism for everything bad that happens in this company. Perhaps it's hopeless to expect that one day the... —  read more 

The mixer and mono brand is moving to India This is not a wind up

Y'all getting any raises yet? I got 3 since leaving. Curious since I wonder if I should have stayed. I did not have to do to much their.

Is it going to be hit or miss? Head winds, supply shortages, inflation, Russian invasion, climate change, labor shortages, and more. Sure I missed some?

Product line profit margin review being concluded/reviewed If you ain’t putting in $$$ you are going out ....

Great talents are being put in the wrong roles where they can't realize their full potential, while underskilled employees are given roles that exceed their competencies. An employee ends up being a wrong fit for the position and that's no longer... —  read more 

October 28th is going to be interesting, as far as listening to the usual investor spin is concerned. I won’t comment on margin further until el CEO gives his blurb. I wouldn’t let a candy store operate at this performance ... NOV is still... —  read more 

I’ve know for a long time how toxic the environment at this company is but could never understand what exactly what it was about that. Today, i think i understand. The place is run like an authoritarian dictatorship. Ive always noticed that most of... —  read more 

There are plenty good people in NOV however the buck stops at the top and the company results speak for themselves. Storms, Corona, Downturns etc. can’t always be the reason (excuse). Cutting headcount to reduce cost to make a profit doesn’t... —  read more 

Really sad but Fiberspar is in free fall and all of the good people have either left or about to leave. Last leader was really good and truly cared about the employees but new management doesn’t care about people or the operation and only wants to... —  read more 

However, it is interesting that there are still many knowledgeable, capable people at NOV who can find much better jobs than they have here. I don't know how to explain this. NOV just being lucky or something else?

Lets see the current sentiment towards NOV management. Vote up Alternatively Vote down.

Every good company avoids favoritism/nepotism as much as possible. There may have been a lot of favoritism before, but talented employees had the opportunity to grow their careers. Now those opportunities are reduced to a minimum because favoritism... —  read more 

In a move of profound and towering stupidity, feckless management has decided to mothball a perfectly suited and less expensive facility to consolidate personnel into a new, shiny, and more expensive location. The belief that all of us lesser beings... —  read more 

With the dollar to Euro/GBP at a low/high depending on your point of view, wouldn’t it make sense to shut all European manufacturing down and move it all back to the good old US of A ? That way we could rid ourselves of all the hassle of dealing... —  read more 

for Mexico look great guys! The I’m not only the President but also a client must be very proud of the International sales team and finally having rigs sold and built here in the good ol USA. Wait…what!?! OHHHH SNAAAAP those rigs are being built by... —  read more 

What's going on at the Frazier Rd location? Looks like there a lot of cars parked there and above average ones too.... must be paying well these days. :)