BNET Industries

National Oilwell Varco Inc.

(NOV) is in the Manufacturing Industry

Market Cap:$17.2B
Last Fiscal Year Sales:$9.7B
  • Public
  • US
Dow Jones Description

Drilling & Production Equipment, Process Pumps & Supply Services

Chief Executive Officer
Merrill A. Miller
Number of Employees 35,087
Contact Information

7909 Parkwood Cir Dr

Houston, Texas 77036

www.nov.com

(713) 375-3700

NAICS Code Oil and Gas Field Machinery and Equipment Manufacturing: 333132

Recent Events

  • National Oilwell Varco buys 2 oil services cos.

    12/08/09 - Merger / Acquisition - View Story

  • Stock Market Update: Select Energy Players Find Favor

    11/17/09 - Stock Split / Dividend - View Story

  • ING, Sohu.com Fall; RadioShack Rises

    10/29/09 - Financial Announcement - View Story

  • Schlumberger Announces Third-Quarter 2009 Results

    10/23/09 - Joint Venture / Alliance - View Story

  • Raymond James Upgrades National Oilwell Varco NOV to Outperform

    10/19/09 - Bond / Stock Rating - View Story

  • National Oilwell Varco forms joint venture with Schlumberger

    9/29/09 - Joint Venture / Alliance - View Story

  • National Oilwell Varco and Schlumberger Form IntelliServ Joint Venture

    9/28/09 - Joint Venture / Alliance - View Story

  • National Oilwell Varco Announces Second Quarter 2009 Earnings and

    7/28/09 - Financial Announcement - View Story

  • National Oilwell Varco Announces Second Quarter 2009 Earnings

    6/16/09 - Financial Announcement - View Story

  • National Oilwell Varco VP, CTO Bob Bloom Retires, Hege Kverneland Steps Up

    6/11/09 - Merger / Acquisition - View Story

News & Analysis

business operations and national oilwell varco inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Merrill A. Miller Chief Executive Officer
Haynes B. Smith, III President, Services
Jeremy Thigpen Group President
Mark Reese President, Expendable Products
Robert Workman President, Distr Services
Clay C. Williams Chief Financial Officer
Howard Davis Chief Admin Officer & Vice President
Robert L. Bloom Senior Vice President - Chief Engineering
Robert W. Blanchard Chief Accounting Officer
Eric L. Mattson Senior Vice President
Dwight Rettig Vice President & General Coun
Tom McGee Vice President, Corp Dev
Stephen W. Breitigam Controller
Andy Blackwood Support Specialist
Craig Brown
Daniel L. Molinaro Treasurer
David Burciaga
Jason M Elkins
Jerry N. Gauche Senior Vice President
Ragon V Gilbert Jr Finance Executive
Randy L Scates
Reginald D Adelung
Richard J Juelich
Stacy L Eickhoff
Victor M Hernandez
William D Kent
Ben A. Guill Director
Greg L. Armstrong Director
James D. Woods Director
Robert E. Beauchamp Director
Roger L. Jarvis Director
William E. Macaulay Director

Board of Directors

Name (plus bio) Position
David D. Harrison MBA Board of Directors
Hushang Ansary Board of Directors
Jeffery A Smisek Board of Directors

Mr. Miller has been a Director of the Company since May 2001. He has served as Chairman of the Board since July 22, 2005 and previously served as Chairman from May 2002 through March 11, 2005. He served as the Company’s Chief Operating Officer from November 2000 through March 11, 2005. He has served as President since November 2000 and as Chief Executive Officer since May 2001. He has served in various senior executive positions with National Oilwell since February 1996.

Organization Position Status
National Oilwell Varco, Inc. Chief Executive Officer Current
Drillwell President and Chief Executive Officer Current
National Oilwell Varco, Inc. President Current
National Oilwell Varco, Inc. Vice President, Marketing, Drilling Systems Current
National Oilwell Varco, Inc. Chairman Current
National Petroleum Council Board of Directors Current
Chesapeake Energy Corporation Director Current
National Oilwell Varco, Inc. Chief Operating Officer Former
Helmerich & Payne International Drilling Co. Vice President, U.S. Operations. Former
National Oilwell Varco, Inc. Senior Executive Positions Former
National Oilwell Varco, Inc. Director Former
Harvard Business School MBA Former
United States Military Academy Former

Mr. Smith has served as President – Services since March 2005. From May 2000 until the Merger, Mr. Smith served as President-Varco Services Group. From July 1996 to May 2000, he was Varco’s Vice President-Western Hemisphere Operations.

Organization Position Status
National Oilwell Varco, Inc. President, Services Current
Varco Vice President, Western Hemisphere Operations Former
National Oilwell Varco, Inc. Vice President, Western Hemisphere Operations Former

Organization Position Status
National Oilwell Varco, Inc. Group President Current
National Oilwell Varco, Inc. President, Natl Oilwells Downhole Tools Group Former

Mr. Reese has served as President - Rig Technology since August 2007, He served as President – Expendable Products since January 2004. He served as President of the Company’s Mission Products Group from August 2000 to January 2004. From May 1997 to August 2000 he was Vice President of Operations for the Company’s Distribution Services Group.

Organization Position Status
National Oilwell Varco, Inc. President, Expendable Products Current
National Oilwell Varco, Inc. Vice President of Operations Former

Organization Position Status
National Oilwell Varco, Inc. President, Distr Services Current

Organization Position Status
Dreco, Inc Senior Vice President and Chief Financial Officer Current
National Oilwell Varco, Inc. Chief Financial Officer Current
Rolligon Corp Senior Vice President and Chief Financial Officer Current
Ctes, Ltd. Senior Vice President and Chief Financial Officer Current
Quality Tubing Senior Vice President and Chief Financial Officer Current
National Oilwell Varco, Inc. Executive Vice President Current
Benchmark Electronics Inc. Board of Directors Current
Varco Chief Financial Officer Former
Varco International, Inc. Chief Financial Officer Former
National Oilwell Varco, Inc. Senior Vice President Former
Varco Vice President Former
Shell Oil Company Former
The University of Texas at Austin M.B.A. Former
Princeton University B.S. Degree In Civil, Geological Engineering Former

Organization Position Status
National Oilwell Varco, Inc. Chief Admin Officer & Vice President Current

Organization Position Status
National Oilwell Varco, Inc. Senior Vice President - Chief Engineering Current
National Oilwell Varco, Inc. Group President, Rig Equipment Former

Mr. Blanchard has served as the Company’s Vice President, Corporate Controller and Chief Accounting Officer since May, 2005. Mr. Blanchard as Controller of Varco from 1999 and as its Vice President from 2002 until the Merger.

Organization Position Status
National Oilwell Varco, Inc. Chief Accounting Officer Current
Dreco, Inc Vice President, Corporate Controller and Chief Accounting Officer Current
National Oilwell Varco, Inc. Vice President Current
National Oilwell Varco, Inc. Corporate Controller Current
Varco Vice President Former
Varco Controller Former

Organization Position Status
VeriCenter, Inc. Chief Financial Officer Current
National Oilwell Varco, Inc. Senior Vice President Current
VeriCenter, Inc. Senior Vice President Current
Dreco, Inc Board of Directors Current
National Oilwell Varco, Inc. Director Current
Quality Tubing Director Current
Ctes, Ltd. Director Current
Rolligon Corp Director Current
National Oilwell Varco, Inc. Chief Financial Officer Former
Baker Hughes Incorporated Chief Financial Officer Former
Baker Hughes Incorporated Senior Vice President Former
Varco Director Former

Mr. Rettig has served as the Company’s Vice President and General Counsel since February 1999, and from February 1998 to February 1999 as General Counsel of the Company’s Distribution Services Group.

Organization Position Status
National Oilwell Varco, Inc. Vice President & General Coun Current
National Oilwell Varco, Inc. General Counsel Former

Organization Position Status
National Oilwell Varco, Inc. Vice President, Corp Dev Current

Organization Position Status
National Oilwell Varco, Inc. Controller Current

Andy Blackwood serves as a clearing house for verbal abuse within the band. He dishes it out, and boy, does he take it. Andy holds a bachelor's degree in music from Boston University where he studied with Sam Pilafian and a master's degree from Northwestern University where he studied with Rex Martin. As an "adult," he obtained a second bachelor's degree in mechanical engineering from the University of Minnesota. He is currently a CAD support specialist with National Oilwell Varco. Yes, he is aware that it should be "Oil Well," but NOWV wouldn't be a TLA.* Besides, one has to pick one's battles. Andy is mostly grateful to have a boss who actually knows what it is he does for a living. In his free time, Andy enjoys going to concerts He attended 72 during 2008 and 73 during 2007. No, really. He also collects beer- and sports-related memorabilia, although he isn't really sure why anymore. He is also an avid poker player, although not in immediate danger of appearing on television in that capacity, which is just fine by him. He is a regular at Canterbury Card Club and on Poker Stars, as well as a moderator on twoplustwo.com. Andy's chair is sponsored by Grace Hendrickson.

Organization Position Status
National Oilwell Varco, Inc. Support Specialist Current
Sheldon Theatre Brass Band Current
Northwestern University Master's Degree Former
Northwestern University Bachelor's Degree In Music Former
Boston University Bachelor's Degree In Music Former

Organization Position Status
Aps Technology, Inc. Vice President, Business Development Current
National Oilwell Varco, Inc. Current

Organization Position Status
National Oilwell Varco, Inc. Treasurer Current
National Oilwell Varco, Inc. Treasurer Former

David Burciaga serves as vice president of sales and marketing for the Americas and Korea. In this role, Burciaga leads the division's regional project sales efforts in addition to other special projects. Burciaga has extensive oil and gas industry experience including several management and sales leadership positions with large oil and gas service companies such as FMC, National Oilwell, and Dresser Industries.

Organization Position Status
National Oilwell Varco, Inc. Current

Organization Position Status
National Oilwell Varco, Inc. Current

Organization Position Status
National Oilwell Varco, Inc. Senior Vice President Current

Organization Position Status
National Oilwell Varco, Inc. Finance Executive Current

Organization Position Status
National Oilwell Varco, Inc. Current

Organization Position Status
National Oilwell Varco, Inc. Current

Organization Position Status
National Oilwell Varco, Inc. Current

Organization Position Status
National Oilwell Varco, Inc. Current

Organization Position Status
National Oilwell Varco, Inc. Current

Organization Position Status
National Oilwell Varco, Inc. Current

Organization Position Status
Consolidatedvalve.Com Director of Dresser, Inc. and Chairman of the Compensation Committee Current
Masoneilan Company, Ltd. Director of Dresser, Inc. and Chairman of the Compensation Committee Current
Dresser Al Rushaid Valve and Instrument Co. (Darvico) Director of Dresser, Inc. and Chairman of the Compensation Committee Current
Waukesha Engine Division Dresser Industries Current
Rolligon Corp Director Current
Quanta Services, Inc. Director Current
National Oilwell Varco, Inc. Director Current
First Reserve Corporation Board of Directors Current
T-3 Energy Services, Inc. Director Current
Quality Tubing Director Current
Chart Industries, Inc. Board of Directors Current
Trico Marine Services, Inc. Board of Directors Current
Ctes, Ltd. Board of Directors Current
First Reserve Corporation President Former
First Reserve Corporation Managing Director and Co-Head Former
Simmons & Company International Managing Director Former
Dresser, Inc. Director of Dresser, Inc. and Chairman of the Compensation Committee Former
First Reserve Corporation Corporate Manager of Private Investments Former
Simmons & Company International Co-Head of Investment Banking Former
Chart Industries, Inc. Chairman Former
Dresser, Inc. Board of Directors Former
Wharton Graduate School of the University of Pennsylvania M.B.A. Former
Princeton University B.A. Degree Former
Blyth, Eastman Dillon & Co. Team Member Former

Mr. Harrison has been a Director of the Company since August 2003. He has served as Executive Vice President and Chief Financial Officer of Pentair, Inc., a diversified manufacturer in water technologies and enclosures businesses since February 2000 until his retirement in February 2007. From September 1999 through February 2000, Mr. Harrison was Executive Vice President and Chief Financial Officer of the Scotts Company, a lawn and garden products company. He was Executive Vice President and Chief Financial Officer and a Director of Coltec Industries, a company in the industrial and aerospace arena from 1996 to 1999. He also served as Executive Vice President and Chief Financial Officer of Pentair, Inc. from 1994 to 1996.

Organization Position Status
National Oilwell Varco, Inc. Board of Directors Current
James Hardie Industries N.V. Board of Directors Current
Pentair, Inc. CFO & Executive Vice President Former
Ohio University MBA degree in financial management Former
Marietta College BA degree Former

Organization Position Status
Plains Marketing, LP Chairman & CEO Current
Quality Tubing Chairman and Chief Executive Officer Current
Bluewater Gas Storage, LLC Chairman and CEO Current
Ctes, Ltd. Chairman and Chief Executive Officer Current
Rolligon Corp Chairman and Chief Executive Officer Current
Plains All American Pipeline, L.P. CEO Current
Vulcan Energy Corporation Chief Executive Officer Current
Drillwell Current
Plains All American Pipeline, L.P. Chairman Current
Ctes, Ltd. Board of Directors Current
National Petroleum Council Board of Directors Current
Breitburn Energy Partners L.P. Director Current
National Oilwell Varco, Inc. Director Current
National Petroleum Council Member Current
Vulcan Energy Corporation Chief Operating Officer Former
Vulcan Energy Corporation Vice President Former
Plains All American Pipeline, L.P. General Partner Former
Vulcan Energy Corporation Corporate Secretary Former
Plains All American Pipeline, L.P. CEO Former
Plains All American Pipeline, L.P. Board Chairman Former
Vulcan Energy Corporation President Former
Pine Prairie Energy Center, LLC Chairman and CEO Former
Paa, Inc. Former
Vulcan Energy Corporation Director Former
Varco Director Former

Organization Position Status
National Oilwell Varco, Inc. Board of Directors Current

Organization Position Status
USEC Inc. Chairman, President and Chief Executive Officer of Conemsco Current
Megatons to Megawatts Program Chairman, President and Chief Executive Officer of Conemsco Current
Complete Production Services, Inc. Board of Directors Current
Omi Corporation Director Current
United States Energy Corporation Director Current
Varco International, Inc. Director Current
Foster Wheeler Ltd. Board Director Current
ESCO Technologies, Inc. Director Current
National Oilwell Varco, Inc. Director Current
USEC Inc. Director Current
Baker Hughes Incorporated Chief Executive Officer Former
Baker Hughes Incorporated President Former
Baker Hughes Incorporated Chairman Emeritus Former
Forest Laboratories, Inc. Director Former
Varco Director Former

Organization Position Status
Conex Trade & Financial Network President and COO , Continental Airlines, Inc. Current
Continental Airlines, Inc. President and COO , Continental Airlines, Inc. Current
National Oilwell Varco, Inc. Board of Directors Current
Quality Tubing Board of Directors Current
Rolligon Corp Director Current
Conex Trade & Financial Network Board of Directors Current
Continental Airlines, Inc. Director Current
Ctes, Ltd. Board of Directors Current
Continental Airlines, Inc. Executive Vice President Former
Varco Director Former
Princeton University Former
Harvard Law School Former

Robert "Bob" Beauchamp is Chairman and Chief Executive Officer of BMC Software (NYSE: BMC), a leading global enterprise management solutions company. Joining the company in 1988 as a sales executive, Beauchamp rose rapidly, serving in key leadership positions in research and development, strategic marketing and corporate development. Named to lead BMC in 2001, Beauchamp led the company's highly successful transformation from a mainframe tools vendor to one that delivers the industry's most strategic enterprise management and automation solutions, enabling customers to automate their IT and prove its business value. For the four fiscal quarters ended September 30, 2008, BMC revenue was a record $1.83 billion. Beauchamp currently serves on the boards of National Oilwell Varco, Memorial- Hermann Hospital System, Houston Police Foundation and the New York Stock Exchange's International Advisory Committee. He serves in a number of prominent industry and civic organizations. Beauchamp holds a bachelor's degree in Finance from the University of Texas at Austin and a Master of Science degree in management from Houston Baptist University.

Organization Position Status
BMC Software, Inc. Chairman, President & CEO Current
Houston Technology Center Director Current
National Oilwell Varco, Inc. Director Current
Texas Medical Center Board Member Current
Houston Technology Center President and CEO, Bmc Software Former
BMC Software, Inc. Vice President of Strategic Marketing and Corporate Development Former
BMC Software, Inc. Director of Strategic Marketing Former
Houston Baptist University Master of Science Degree In Management Former
Houston Technology Center Advisor Former
BMC Software, Inc. Board of Directors Former
Houston Baptist University Master of Science, Management Degree Former
The University of Texas at Austin Bachelor of Business Administration & Finance Degree Former

Organization Position Status
Quality Tubing Chairman and CEO Current
Spinnaker Exploration Company Chief Executive Officer Current
Ctes, Ltd. Chairman and CEO Current
Rolligon Corp Chairman and CEO Current
Spinnaker Exploration Company President Current
Bill Barrett Corp. Board of Directors Current
National Oilwell Varco, Inc. Director Current
Spinnaker Exploration Company Director Current
Ctes, Ltd. Board of Directors Current

William E. Macaulay is the Chairman and Chief Executive Officer of First Reserve Corporation, a Connecticut-based private equity investment firm, which he joined in 1983. Mr. Macaulay served as a director of Weatherford Enterra from October 1995 to May 1998. He serves as a director of Dresser-Rand Group, Inc. (a supplier of compression and turbine equipment to the oil, gas, petrochemical and industrial process industries).

Organization Position Status
First Reserve Corporation Chief Executive Officer Current
Waukesha Engine Division Dresser Industries Current
Dresser-Rand Group Inc. Chairman of the Board Current
First Reserve Corporation Chairman Current
Weatherford International Ltd. Board of Directors Current
The Rogosin Institute Board of Directors Current
The Rogosin Institute Vice-Chairman Current
Pride International, Inc. Board of Directors Current
National Oilwell Varco, Inc. Director Current
Dresser Al Rushaid Valve and Instrument Co. (Darvico) Director Current
Consolidatedvalve.Com Board of Directors Current
Masoneilan Company, Ltd. Board of Directors Current
Weatherford International Ltd. Chairman and Chief Executive Officer of First Reserve Corporation Former
Oppenheimer & Co. Inc. General Partner Former
Oppenheimer & Co. Inc. Director of Corporate Finance Former
Alpha Natural Resources, Inc. Chairman Former
Pride International, Inc. Chairman Former
Foundation Coal Holdings, Inc. Chairman Former
Foundation Coal Holdings, Inc. Board of Directors Former
Oppenheimer & Co. Inc. Board of Directors Former
Wharton Graduate School of the University of Pennsylvania M.B.A. Former
Wharton Graduate School of the University of Pennsylvania B.B.A. Degree Former
City College of New York B.B.A. degree, Magna Cum Laude in Economics Former
Oppenheimer & Co. Inc. Member Former

Executive News

  • Plains All American to acquire remaining interest in gas storage joint venture

    SNL Securities - 8/28/09 - View Story

  • Plains All American Pipeline to Acquire Remaining 50% Interest in

    Business Wire via MSN Money - 8/27/09 - View Story

  • Plains All American Pipeline to Acquire Remaining 50% Interest in Natural Gas Storage JV

    Business Wire - 8/27/09 - View Story

  • Airline Industry Sees More Pain

    The Wall Street Journal Interactive Edition - 8/16/09 - View Story

  • Air passengers need a break

    MSN Money - 8/12/09 - View Story

  • Avoid These Energy-Stock Gushers

    Barron's Online - 8/11/09 - View Story

  • BMC picks up MQSoftware, expands into middleware management

    ZDNet - 8/10/09 - View Story

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     NOV $41.40 -0.83 (-1.97% )
Average Volume 5,368,000
Shares Outstanding 418.34M
Market Cap 17.3B
Year High 50.17
Year Low 20.86
Earnings Per Share 4.00
P/E Ratio 10.35
Dividend N/A
Yield N/A
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