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 14 is higher than 91% 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 emissions. This marks a decrease from 2022, where emissions were about 368,637,000 kg CO2e, with Scope 1 at 148,289,000 kg CO2e and Scope 2 at 220,348,000 kg CO2e. In 2021, emissions were higher at approximately 384,013,000 kg CO2e, with Scope 1 emissions of 177,336,000 kg CO2e and Scope 2 at 206,677,000 kg CO2e. NOV has set ambitious climate commitments, aiming for significant reductions in both Scope 1 and Scope 2 emissions by 2030. The company is focusing on advancing carbon capture, utilisation, and storage (CCUS) technologies to support these goals. While specific percentage reduction targets have not been disclosed, NOV is committed to being at the forefront of these technologies, which are essential for de-risking CCUS efforts for their customers. Overall, NOV's emissions data reflects a proactive approach to managing their carbon footprint, with ongoing initiatives aimed at achieving net-zero emissions in the near term.
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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.
