NOV Inc. (NOV)

Environment story

NOV scores 42/100 on Environmental criteria, reflecting material climate-transition headwinds inherent to oilfield services and equipment manufacturing. The company discloses no Scope 1, 2, or 3 GHG emissions targets, no net-zero commitment year, and no quantified carbon-reduction initiatives. 10-K Risk Factors explicitly identify climate regulation, energy-transition demand risk, and ESG advocacy as material business threats. The company acknowledges greenwashing litigation risk and has not published a standalone sustainability or climate report. Multiple risk disclosures cite potential future climate-related regulation, GHG reporting obligations (EU CSRD, California Climate Acts), and the possibility of climate litigation against energy-sector suppliers. No verified investments in decarbonization infrastructure (e.g., renewable energy transition products, carbon-capture equipment manufacturing, or net-zero supply-chain initiatives) are documented. Scope 3 emissions (supply chain, product usage in oil/gas operations) are undisclosed and presumed high given the company's role as upstream oil-and-gas equipment provider. The 10-K notes concerns over fossil-fuel demand destruction and acknowledges that successful adoption of efficiency technologies may paradoxically reduce rig counts and thus NOV's product demand. No environmental controversies, fines, or toxic-waste incidents are disclosed in this filing, but the company's entire business model is structurally aligned with hydrocarbon extraction—a sector facing sustained decarbonization pressure.

Social story

NOV scores 68/100 on Social criteria. The company does not disclose CEO-to-median-worker pay ratio, workforce turnover rate, or detailed diversity metrics (leadership gender/ethnic representation). No documented union-suppression activities or major strikes in the last 24 months are reported. The 10-K identifies labor-availability and wage-inflation risks as material operational challenges; the company acknowledges 'increased capital requirements imposed upon the oil and gas industry' and notes that 'a significant increase in wages paid by competitors... for such highly-skilled personnel could result in insufficient availability of skilled labor or increase our labor costs.' Supply-chain ethics disclosures are minimal; the company notes compliance with FCPA, UK Bribery Act, and anti-corruption laws but does not provide a dedicated modern slavery statement or supply-chain audit results. No details on cobalt, lithium, or conflict-minerals sourcing are provided. The company discloses that it operates in ~503 locations across six continents and maintains policies on FCPA compliance and anti-corruption training, but does not report formal labor-union standing, diversity targets, or supply-chain human-rights due-diligence processes. Risk disclosures highlight potential exposure to anti-bribery violations through joint-venture partners and sales agents outside NOV's direct control.

Governance story

NOV scores 63/100 on Governance criteria. The 10-K does not disclose board independence percentage, share-class voting structure, or annual lobbying expenditures in this filing (such disclosures typically appear in Proxy Statements not provided). The company notes compliance with a revolving credit facility covenant (max debt-to-capitalization of 60%; actual ratio 23.8% at Dec 31, 2025) and states it was 'in compliance with all covenants' at year-end 2025. No active antitrust, consumer-safety, or financial-fraud regulatory proceedings are disclosed in the 10-K. However, the Risk Factors section extensively documents regulatory and compliance risks: the company operates in ~503 locations across six continents and faces exposure to FCPA violations, anti-corruption law violations, and complex multi-jurisdictional tax disputes. Specific unresolved tax disputes are disclosed: Denmark transfer-pricing assessment ($51M, under appeal), IRS restructuring challenge ($48M potential exposure, under appeal), and Canada CRA adjustment ($31M potential exposure, under appeal). The company also faces litigation on royalty-receivable timing discounts (see Note 14, mentioned but not detailed in 10-K excerpt). No shareholder litigation, activist campaigns, or board-independence controversies are reported. The company's 10-K does not address lobbying expenditures or position on climate/environmental regulation advocacy—this information would typically appear in a Lobbying Disclosure Act filing or Proxy Statement not included in source documents.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of NOV Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open NOV Inc. in the app for interactive charts and portfolio building.

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