NOV Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 12, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
Financial Statements and Exhibits
(1)
Financial Statements
The following financial statements are presented in response to Part II, Item 8:
| Page | |
|---|---|
| Consolidated Balance Sheets | 52 |
| Consolidated Statements of Income | 53 |
| Consolidated Statements of Comprehensive Income | 54 |
| Consolidated Statements of Cash Flows | 55 |
| Consolidated Statements of Stockholders’ Equity | 56 |
| Notes to Consolidated Financial Statements | 57 |
| The report of NOV Inc.’s independent registered public accounting firm (PCAOB ID: 42) with respect to the above-referenced financial statements and their report on internal control over financial reporting are included before the above-referenced reports. Their consent appears in Exhibit 23.1 of this Form 10-K. | |
(2)
Financial Statement Schedule
| Schedule II – Valuation and Qualifying Accounts | 85 |
|---|
All schedules, other than Schedule II, are omitted because they are not applicable, not required or the information is included in the financial statements or notes thereto.
(3) Exhibits
| 3.1 | Seventh Amended and Restated Certificate of Incorporation of NOV Inc. (Exhibit 3.1) (1) |
| 3.2 | Amended and Restated By-laws of NOV Inc. (Exhibit 3.1) (2) |
| 4.1 | Description of Securities (Exhibit 4.1) (3) |
| 4.2 | Indenture, dated November 15, 2012, between National Oilwell Varco, Inc. and U.S. Bank National Association (Exhibit 4.1) (4) |
| 4.3 | Third Supplemental Indenture, dated November 20, 2012, between National Oilwell Varco, Inc. and U.S. Bank National Association (Exhibit 4.6) (4) |
| 4.4 | Fourth Supplemental Indenture, dated November 14, 2019, between National Oilwell Varco, Inc. and Wells Fargo Bank, National Association, as successor trustee. (Exhibit 4.2) (5) |
| 10.1 | 5-Year Credit Agreement, dated as of September 12, 2024, among NOV Inc. and the financial institutions signatory thereto, including Wells Fargo Bank, National Association, in its capacity, among others, as Administrative Agent, an Arranger and a Joint Book Runner (Exhibit 10.1) (6) |
| 10.2 | NOV Inc. Long-Term Incentive Plan, as amended and restated (7)* |
| 10.3 | Form of Severance Agreement (Exhibit 10.2) (8)* |
| 10.4 | Form of Executive Employment Agreement (Exhibit 10.1) (9)* |
| 10.5 | NOV Inc. Executive Severance Plan and Form of Participation Agreement (Exhibit 10.16) (10)* |
| 10.6 | Form of Performance Award Agreement (2022) (Exhibit 10.2) (11)* |
| 10.7 | Form of Non-Employee Director Restricted Stock Unit Agreement (Exhibit 10.1) (12)* |
| 10.8 | Form of Performance Award Agreement (2023) (Exhibit 10.1) (13)* |
| 10.9 | Form of Performance Award Agreement (2024) (Exhibit 10.3) (14)* |
| 10.10 | Form of Restricted Stock Unit Agreement (Exhibit 10.1) (15) |
| 10.11 | Form of Performance Award Agreement (2025) (Exhibit 10.2) (15) |
| 10.12 | Form of Employee Nonqualified Stock Option Agreement (Exhibit 10.3) (15) |
| 10.13 | NOV Inc. Retirement Policy for Equity Awards (Exhibit 10.1) (16)* |
| 10.14 | Form of Indemnification Agreement (Exhibit 10.1) (1)* |
| 10.15 | Single Premium Guaranteed Annuity Contract Purchase Agreement, dated February 14, 2023 (Exhibit 10.1) (17)* |
| 19 | NOV Policy on Insider Trading (Exhibit 19) (10) |
| 21.1 | Subsidiaries of the Registrant (18) |
| 23.1 | Consent of Ernst & Young LLP (18) |
| 24.1 | Power of Attorney (included on signature page hereto) (18) |
| 31.1 | Certification pursuant to Rule 13a-14a and Rule 15d-14(a) of the Securities and Exchange Act, as amended (18) |
| 31.2 | Certification pursuant to Rule 13a-14a and Rule 15d-14(a) of the Securities and Exchange Act, as amended (18) |
| 32.1 | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (19) |
| 32.2 | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (19) |
| 95 | Mine Safety Information pursuant to section 1503 of the Dodd-Frank Act (18) |
| 97 | Compensation Recovery Policy (10) |
| 101.INS | Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) |
- Compensatory plan or arrangement for management or others.
(1)
Filed as an Exhibit to our Current Report on Form 8-K filed on May 18, 2023.
(2)
Filed as an Exhibit to our Current Report on Form 8-K filed on February 28, 2023.
(3)
Filed as an Exhibit to our Annual Report on Form 10-K filed on February 12, 2021.
(4)
Filed as an Exhibit to our Current Report on Form 8-K filed on November 20, 2012.
(5)
Filed as an Exhibit to our Current Report on Form 8-K filed on November 14, 2019.
(6)
Filed as an Exhibit to our Current Report on Form 8-K filed on September 12, 2024.
(7)
Filed as Appendix I to our Proxy Statement filed on April 9, 2025.
(8)
Filed as an Exhibit to our Current Report on Form 8-K filed on November 24, 2014.
(9)
Filed as an Exhibit to our Current Report on Form 8-K filed on December 4, 2023.
(10)
Filed as an Exhibit to our Annual Report on Form 10-K filed on February 14, 2025.
(11)
Filed as an Exhibit to our Current Report on Form 8-K filed on February 22, 2022.
(12)
Filed as an Exhibit to our Quarterly Report on Form 10-Q filed on July 28, 2022.
(13)
Filed as an Exhibit to our Quarterly Report on Form 10-Q filed on April 27, 2023.
(14)
Filed as an Exhibit to our Quarterly Report on Form 10-Q filed on April 26, 2024.
(15)
Filed as an Exhibit to our Quarterly Report on Form 10-Q filed on April 29, 2025.
(16)
Filed as an Exhibit to our Current Report on Form 8-K filed on July 12, 2022.
(17)
Filed as an Exhibit to our Current Report on Form 8-K filed on February 21, 2023.
(18)
Filed with this Form 10-K.
(19)
Furnished with this Form 10-K.
We hereby undertake, pursuant to Regulation S-K, Item 601(b), paragraph (4) (iii), to furnish to the U.S. Securities and Exchange Commission, upon request, all constituent instruments defining the rights of holders of our long-term debt not filed herewith.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.