NOV (NOV) risk factors, FY2025 10-K

Other

1. 01We are dependent upon the level of activity in the oil and gas industry, which is volatile and has caused, and may cause future, fluctuations in our operating results
2. 02development of alternate energy sources28% rewritten
3. 03There are risks associated with certain contracts for our equipment58% rewritten
4. 04trade or travel restrictions, including export sanctions, trade controls or other supply chain interruption, which could affect our ability to manufacture, sell, or receive payment for our equipment and/or services
5. 05Competition in our industry, including the introduction of new products and technologies by our competitors, as well as the expiration of the intellectual property rights protecting our products and technologies, could ultimately lead to lower revenue and earnings
6. 06the expiration of intellectual property rights protecting our products and technologies35% rewritten
7. 07A significant portion of our revenue is derived from our non-United States operations, which exposes us to risks inherent in doing business in each of the many countries in which we operate21% rewritten
8. 08Supply chain disruption and price escalation could have a material adverse effect on our business, liquidity, consolidated results of operations and consolidated financial condition
9. 09other contractual or other legal claims from our customers resulting from supply chain, transportation or other business disruption
10. 10Cybersecurity risks and threats could adversely affect our business
11. 11Our ability to hire and retain qualified personnel at competitive cost could materially affect our operations and growth potential
12. 12Severe or unseasonable weather conditions may adversely affect our operations
13. 13An impairment of goodwill or other indefinite lived intangible assets could reduce our earnings
14. 14We have expanded and grown our businesses in part through acquisitions and continue to pursue a growth strategy, but we cannot assure that attractive acquisitions will be available to us at reasonable prices or that such acquisitions will result in the outcomes we anticipate33% rewritten
15. 15Legal and Regulatory Related46% rewritten
16. 16Our failure to comply with existing or future U.S. and foreign laws and regulations could have a material adverse effect on our business and our results of operations
17. 17We could be adversely affected if we fail to comply with any of the numerous international, federal, state and local laws, regulations and policies that govern environmental protection, data privacy, zoning and other matters applicable to our businesses
18. 18Our businesses expose us to potential environmental, product or personal injury liability
19. 19suspension of operations
20. 20We may not have adequate insurance for potential environmental, product or personal injury liabilities, or other liabilities
21. 21Even a partially uninsured claim, if successful and of significant size, could have a material adverse effect on our consolidated financial statements31% rewritten
22. 22Local content requirements imposed in certain jurisdictions may increase the complexity of our operations and impact the demand for our services
23. 23The Company could be subject to changes in its tax rates, the adoption of new tax legislation, tax audits, or exposure to additional tax liabilities and to changes in tariffs that could have a material adverse effect on our business, consolidated results of operations, and consolidated financial condition
24. 24(Sources: Company management; “A Dictionary for the Petroleum Industry,” The University of Texas at Austin, 2001.)69% rewritten