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NOV Inc., commonly referred to as NOV, is a leading player in the crude petroleum industry, headquartered in the United States. Founded in 1862, the company has established itself as a key provider of services related to crude oil extraction, excluding surveying, with significant operations across North America and international markets.
NOV offers a diverse range of products and services, including drilling equipment, wellbore technologies, and production solutions, all designed to enhance efficiency and safety in oil extraction processes. The company is recognised for its innovative approach and commitment to sustainability, positioning itself as a market leader in the energy sector.
With a rich history of milestones, NOV has continually adapted to industry changes, solidifying its reputation for excellence and reliability. Its unique offerings and strategic market presence have earned NOV a notable position among competitors in the crude petroleum landscape.
+8 vs industry average
Nov’s score of 24 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Crude Oil Extraction is among the most carbon-intensive industries
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Scope 3 accounts for ••• of total emissions.
NOV, a US-based company operating in the crude petroleum and services related to crude oil extraction industry, reported emissions of approximately 411,023,000 kg CO2e for Scope 1 and 2 in 2024. This figure represents a slight increase from the approximately 378,751,000 kg CO2e reported for 2023. In 2025, the company projected Scope 1 and 2 emissions to be around 386,500,000 kg CO2e.
NOV's disclosed emissions data currently covers Scope 1 and Scope 2. There is missing data for Scope 3, specifically for purchased goods and services.
While specific, comprehensive reduction targets are not detailed, the provided information indicates a focus on technologies that support carbon capture, utilisation, and storage (CCUS), aiming to help customers de-risk their CCUS efforts. The company is also working towards net-zero aspirations by 2030 for Scope 1 and Scope 2 emissions. Further long-term ambitions include a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions by 2050 from a 2019 base year, as part of broader industry commitments. It is important to note that some reduction targets referenced (e.g., 43% reduction per gross ton mile by 2030) appear to originate from a different organisational context and are not directly attributed to NOV's self-reported data in this instance.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.
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