ESG | Environmental

We are committed to complying with the environmental laws and regulations in the countries where we operate and to reducing the energy industry’s impact on the planet. From energy consumption and emissions to water and waste management, we employ thoughtful procedures and processes to mitigate environmental and safety risks.

View the full Sustainability Report
Overhead aerial view of treetops in a forrest

In everything we do, we prioritize the legacy we leave for future generations. Acting ethically and sustainably reflects our appreciation for our resources and awareness of our actions’ long-term effects. We feel morally obligated to minimize environmental harm and safeguard the planet for the well-being of those that come after us.

Mike Loucaides

Chief Health, Safety, Security and Environmental Officer


13.4% Improved Emissions Intensity

NOV’s emissions intensity (MT CO2e per million dollars of revenue) improved by 13.4% compared to 2022, reflecting increased revenue relative to facility utilization.

$386mm Renewable-Related Revenue

NOV’s renewable energy-related revenue amounted to $386 million in 2023, a 16% increase from 2022. This continues to be driven by our proprietary vessel designs, cranes, and jacking systems, which have been used to install most of the world’s offshore wind farms.

Emissions Production

NOV produced 378,751 metric tons of CO2 equivalent (MT CO2e) Scope 1 and 2 emissions in 2023. Our emissions consisted of 135,671 MT CO2e from stationary combustion and 243,080 MT CO2e from purchased electricity.

Developing Technologies

NOV has developed and introduced technologies to conventional oil and gas operations, which, with widespread adoption, would reduce greenhouse gas (GHG) emissions more than 20 times our own Scope 1 and 2 GHG emissions.