Greg Armstrong - NOV Lead Independent Director

NOV Stock  USD 14.64  0.46  3.05%   

Director

Mr. Greg L. Armstrong is Lead Independent Director of National Oilwell Varco Inc. Mr. Armstrong served as a Director of Varco from May 20, 2004 until its merger with the Company on March 11, 2005. Since 1998, he was the Chairman of the Board and Chief Executive Officer of Plains All American GP LLC, the general partner and controlling entity of Plains All American Pipeline, L.P., a publicly traded master limited partnership engaged in the business of marketing, gathering, transporting, terminalling and storing crude oil. From 2010 to 2013, he served as Chairman of the Board and Chief Executive Officer of PAA Natural Gas Storage, L.P., a publicly traded master limited partnership engaged in the natural gas storage business, the outstanding minority interest of which was acquired by Plains All American in 2013. Mr. Armstrong is Vice Chairman of the National Petroleum Council and is a director and Deputy Chairman of the Federal Reserve Bank of Dallas and previously served as a director and Chairman of the Federal Reserve Bank of Dallas, Houston Branch. Mr. Armstrong has approximately 31 years of experience being a certified public accountant and eight years of experience serving as a chief financial officer since 2005.
Age 61
Tenure 20 years
Address 10353 Richmond Avenue, Houston, TX, United States, 77042-4103
Phone346 223 3000
Webhttps://www.nov.com
Armstrong was an officer of a publicly traded energy company since 1981, occupying positions of increasing importance ranging from controller, to CFO, to COO and CEO. Through service in these roles, he gained extensive experience in assessing the risks associated with various energy industry cycles. He has also gained valuable outside board experience from his previous tenure as a director of BreitBurn Energy Partners.

NOV Management Efficiency

The company has Return on Asset of 0.0545 % which means that on every $100 spent on assets, it made $0.0545 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1002 %, implying that it generated $0.1002 on every 100 dollars invested. NOV's management efficiency ratios could be used to measure how well NOV manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to 0.07 in 2025. Return On Capital Employed is likely to climb to 0.10 in 2025. At this time, NOV's Asset Turnover is fairly stable compared to the past year.
NOV Inc has 2.39 B in debt with debt to equity (D/E) ratio of 0.48, which is OK given its current industry classification. NOV Inc has a current ratio of 2.26, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for NOV to invest in growth at high rates of return.

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NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 27043 people. NOV Inc (NOV) is traded on New York Stock Exchange in USA. It is located in 10353 Richmond Avenue, Houston, TX, United States, 77042-4103 and employs 34,010 people. NOV is listed under Oil & Gas Equipment & Services category by Fama And French industry classification.

Management Performance

NOV Inc Leadership Team

Elected by the shareholders, the NOV's board of directors comprises two types of representatives: NOV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NOV. The board's role is to monitor NOV's management team and ensure that shareholders' interests are well served. NOV's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NOV's outside directors are responsible for providing unbiased perspectives on the board's policies.
Alex Philips, Chief Officer
Brigitte Hunt, Assistant VP
Amie DAmbrosio, Director Relations
Ben Guill, Independent Director
William Thomas, Independent Director
Greg Armstrong, Lead Independent Director
Marcela Donadio, Independent Director
David Reid, Chief CTO
Mike Loucaides, Safety, Health
James Hackett, Independent Director
Jose Bayardo, Chief Financial Officer, Senior Vice President
David Harrison, Independent Director
Kirk Shelton, President - Completion and Production Solutions
Scott Duff, Chief Accounting Officer, Vice President, Corporate Controller
Robert Welborn, Independent Director
Clay Williams, Chairman of the Board, President, Chief Executive Officer
Christy Novak, Chief Accounting Officer, Vice President Controller
Isaac Joseph, President Wellbore Technologies
Eric Mattson, Independent Director
Blake McCarthy, VP Relations
Craig Weinstock, Senior Vice President, General Counsel, Secretary
Scott Livingston, President Services
Craig JD, General VP
Joseph Rovig, President of The Rig Systems and Rig Aftermarket Segments
Bonnie Houston, Chief Officer
Melody Meyer, Independent Director

NOV Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is NOV a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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Additional Tools for NOV Stock Analysis

When running NOV's price analysis, check to measure NOV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.