NOV (NOV) Stock Analysis & Winston Score

NOV Inc. makes equipment and tools used to drill for oil and gas. Its main products include drilling rigs, drill bits, pipes, and pumping systems. The company sells to oil and gas producers and drilling contractors all over the world, making it one of the largest suppliers of drilling equipment globally. NOV earns money by selling hardware, replacement parts, and related services to energy companies. It operates in over 60 countries, with revenue tied closely to how much drilling activity is happening worldwide. Its large installed base of equipment creates a steady stream of parts and service revenue, which gives it some stability. The biggest risk the company faces is that when oil prices fall, energy companies cut drilling budgets quickly, which directly reduces demand for NOV's products and squeezes its already thin margins.