Nov
Nov, Inc., commonly referred to as Nov, is a leading provider of technology solutions for the energy sector, headquartered in the United States. Founded in 2020, Nov has rapidly established itself as a key player in the oil and gas industry, with significant operations across North America and international markets. The company focuses on delivering innovative products and services, including advanced drilling technologies and wellbore construction solutions. Nov's unique approach combines cutting-edge engineering with a commitment to sustainability, setting it apart from competitors. With a strong market position, Nov has achieved notable milestones, including strategic partnerships and a growing portfolio of patented technologies. As the energy landscape evolves, Nov continues to drive progress and efficiency, reinforcing its reputation as a trusted partner in the industry.
DitchCarbon Score
How does Nov's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Nov's score of 11 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nov's reported carbon emissions
In 2023, NOV reported total carbon emissions of approximately 378,751,000 kg CO2e, comprising 135,671,000 kg CO2e from Scope 1 and 243,080,000 kg CO2e from Scope 2. This marks a significant reduction from 2018, when emissions were about 1,010,000,000 kg CO2e for Scope 1 and 320,000,000 kg CO2e for Scope 2. Between 2021 and 2023, NOV's emissions decreased from approximately 384,013,000 kg CO2e in 2021 to the current figure, indicating a commitment to reducing their carbon footprint. The company has set long-term net-zero targets for both Scope 1 and Scope 2 emissions, aiming for substantial advancements in carbon capture technologies by 2030. NOV's emissions intensity has also improved, with a reported intensity of about 0.044 kg CO2e per USD of revenue in 2023, down from 0.069 kg CO2e in 2021. This reflects their ongoing efforts to enhance sustainability and reduce greenhouse gas emissions across their operations.
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| 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,010,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 320,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Nov is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
