Back in 2013 or so, when NOV purchased our facility (and closed it 2 years later), an "executive" came to visit our facility - he was about 12 years old or so :). At that time, oil was selling for about $140 a barrel & things were good for NOV. I asked the 12 year old executive if NOV was investing in any renewable energy, since oil will not last forever. He gave me a look like I insulted him & had no answer (they weren't). This, in a nutshell, is why NOV is failing. Management without a long term plan. Or any plan really... terrible company. I landed square on my feet & couldn't be happier - if you are layed off, consider it an opportunity to find what you deserve. Best of luck to you all!
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It is quite possible that they just don't divulge what they are working on besides oil. Duh. From someone who knows....
More concerned with outside perspective, look at some of the US linked in posts from a certain talent specialist giving it non stop about transparency and her team. Be better served providing feedback to employees instead of not providing appraisal or any training. Good luck folks but many good oil companies hiring in texas, god bless you all.
Any mention of green initiatives at any level seems to be met with a disproportionate amount of derision. NOV has their head in the (tar) sand on this one.