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 8 is lower than 64% 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 Inc. 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 emissions. This represents a decrease from 2022, when total emissions were about 368,636,000 kg CO2e, with Scope 1 emissions at 148,289,000 kg CO2e and Scope 2 emissions at 220,348,000 kg CO2e. In 2021, the company recorded total emissions of approximately 384,013,000 kg CO2e, indicating a downward trend in emissions over the past few years. NOV has set ambitious near-term climate commitments, aiming for significant reductions in both Scope 1 and Scope 2 emissions by 2030. The company is focused on advancing carbon capture, utilisation, and storage (CCUS) technologies to support its customers in reducing their carbon footprints. These initiatives are part of NOV's broader strategy to lead in sustainable practices within the industry. As of now, NOV has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the supply chain and product use. The company's emissions data is not cascaded from a parent organisation, indicating that these figures are independently reported by NOV Inc.
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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.
