We are saddened by the tragic events continuing to occur in Ukraine and hope that a peaceful resolution to the crisis emerges soon. NOV is supporting the urgent humanitarian needs of the Ukrainian people in partnership with Convoy of Hope by corporately matching donations from our employees.

For the past few weeks, we have been taking necessary steps to curtail our operations in Russia and Belarus, including restricting further investment. Supply chain disruptions and sanctions have made doing business in these countries very difficult or impossible. Through this challenging time, the safety, welfare, and well-being of our employees across the region remain our top priorities.

We continue to monitor the situation closely while fully abiding by U.S. and international sanctions.