NOV Expands Globally: Inside Its Bold Play for Argentina, Saudi, & Beyond!

National Oilwell Varco (NOV) has reported its third-quarter 2025 financial outcomes amid a challenging macro environment. The company recorded revenues of $2.18 billion, down slightly from the previous quarter, reflecting a less than 1% year-over-year and sequential decline in oilfield activity. Net income stood at $42 million, or $0.11 per diluted share, while the adjusted EBITDA rose to $258 million, which is 11.9% of revenue. The company’s robust performance overcame rising tariffs and inflationary pressures, supported by strong operational execution and effective cost control. Positively, NOV saw strong demand in its Energy Equipment segment, which registered revenues of $1.25 billion, a growth of 2% compared to the same quarter last year. The segment’s EBITDA margins improved to 14.4% due to higher capital equipment sales, driven by increased offshore production equipment demand.