MASHINIi

National Oilwell Varco.

NOV.US | Support activities for petroleum and natural gas extraction

National Oilwell Varco (NOV) is a global provider of equipment and technologies used in oil and gas drilling and production. The company designs, manufactures, and sells a wide range of products, including drilling equipment, downhole tools, and subsea production systems. NOV also provides aftermark...Show More

Ethical Profile

Mixed.

National Oilwell Varco (NOV) faces scrutiny regarding its ethical profile, particularly concerning health and environmental impacts. Its core business in oil and gas drilling has been linked to negative health externalities. Reports suggest NOV has incurred $506,939 in penalties across 31 safety-related offenses, with incidents including falls and chemical exposures. Additionally, critics point to $889,673 in penalties from 25 environmental violations. The company's operations in fossil fuel extraction are seen as fundamentally conflicting with planet-friendly business practices and animal welfare due to habitat disruption and contributions to emissions.

Value Scores

Better Health for All-20
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect-10
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons-30
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech20
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

-20

National Oilwell Varco's core products and services, which are equipment and technologies for oil and gas drilling and production, have no significant direct positive or negative health impact. The company incurred penalties for 25 environment-related offenses totaling $889,673 between 2000 and 2023.

1

Fair Money & Economic Opportunity

0

The provided article contains no information relevant to the 'Fair Money & Economic Opportunity' ethical value. National Oilwell Varco (NOV) is described as a global provider of equipment and technologies for oil and gas drilling and production, not a financial institution. Therefore, there are no details about customer demographics, pricing, fees, lending practices, financial inclusion initiatives, or any other quantitative data, regulatory actions, certifications, or comparisons that could be used to assess the company against the defined KPIs for financial services.

1

Fair Pay & Worker Respect

-10

In fiscal year 2024, the CEO to median employee pay ratio was 195:1, with the CEO earning $11,974,375 and the median employee earning $61,260.

1
As of December 31, 2019, 1.41% of the total workforce (500 out of 35,479 U.S. employees) was covered by collective bargaining agreements.
2
The company's employee overall satisfaction was 3.3 out of 5 (66%).
3
In 2025, there was one substantiated workplace safety or health violation with a penalty of $13,240.
4
Temporary employees made up 4.70% of the total workforce as of December 31, 2019.
5

Fair Trade & Ethical Sourcing

0

No specific, concrete data points were found in the provided articles for any of the Fair Trade & Ethical Sourcing KPIs. The articles detail policies, commitments, and due diligence processes, such as the Supplier Code of Conduct, Anti-Forced Labor Policy, and Conflict Minerals Management System, but do not provide quantitative metrics or outcomes for areas like the percentage of fair-trade certified spend, average audit frequency, number of substantiated forced or child labor incidents, traceability coverage, remediation speed, percentage of contracts with ethical clauses, share of high-risk materials, or supplier diversity spend. For instance, the proportion of spending on local suppliers is explicitly stated as not disclosed for proprietary reasons.

1

Honest & Fair Business

0

No specific data points were found in the provided articles for any of the KPIs related to Honest & Fair Business. The articles primarily list the availability of SEC filings (Form 10-K, Proxy, Form 4, Form 8-K, Form 144) and their dates

1
, but do not contain information regarding regulatory fines, transparency index scores, whistleblower policies, financial restatements, audit coverage percentages, ESG controversy scores, complaint resolution times, board conflict of interest percentages, anti-corruption policies, or third-party verification of ethical claims
2
.

Kind to Animals

0

The provided articles do not contain specific information or quantitative data related to animal welfare, cruelty-free practices, animal testing, humane certifications, wildlife conservation impact, ethical sourcing of animal inputs, or animal agriculture ethics. Several articles explicitly state that they do not contain information relating to animal welfare or the specific KPIs outlined.

1
,
2
,
3
Information regarding participation in industry associations or investment in low-carbon solutions is not directly relevant to animal welfare policy or animal-free innovation.

No War, No Weapons

-30

NOV was fined $5,976,028 by OFAC on November 16, 2016, for allegedly violating US sanctions on Iran, Cuba, and Sudan.

1
In the first quarter of 2025, the company deconsolidated its Russian subsidiaries following additional U.S. sanctions on Russian operations.
2
The company maintains a Trade Compliance Program, revised on January 5, 2025, to prevent violations of export control and economic sanction laws.
3
Furthermore, NOV does not use corporate funds for political contributions or lobbying, nor does it have a political action committee.
4

Planet-Friendly Business

0

No evidence available to assess National Oilwell Varco on Planet-Friendly Business.

Respect for Cultures & Communities

0

The provided articles, including summaries of NOV Inc.'s 2023 Sustainability Report and other available reports, explicitly state that no quantitative data or relevant metrics pertaining to 'Respect for Cultures & Communities' are available

1
. Specifically, there is no information on community engagement, cultural impact assessments, indigenous communities, or local community-related metrics
2
.

Safe & Smart Tech

20

NOV enforces multi-factor authentication (MFA) almost everywhere

1
, complemented by conditional access policies that verify device security
2
, limits on password/MFA resets
3
, separation of duties to prevent control bypass
4
, and revocation of session tokens for compromised users
5
. The company has implemented data protection guardrails to prevent AI solutions from leaking sensitive information
6
, and no incidents of unauthorized data use are documented.
7

Zero Waste & Sustainable Products

0

No specific, concrete data points were found in the provided articles for any of the KPIs related to Zero Waste & Sustainable Products. The articles explicitly state that no quantitative data on waste management, sustainable products, or circular economy initiatives is available from the sources reviewed.

1
,
2
,
3

Own National Oilwell Varco?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.