Description
SWOT ANALYSIS OF NATIONAL OILWELL VARCO
National Oilwell Varco
Parent Company
National Oilwell Varco
Category
Oil Services and Equipment
Sector
Energy
Tagline/ Slogan
One Company Unlimited Solutions
USP
It is worldwide leader in the land and offshore drilling industry
STP
Segment
Corporates, countries looking to fulfill energy services needs
Target Group
Companies needing oil and gas drilling equipments
It is positioned as worldwide leader in designing, manufacturing and Positioning selling equipments used in oil and gas drilling
SWOT Analysis
1. Very diverse product lines 2. Vast range of services, ranging from drilling rig technologies to providing supply chain services 3. Market leaders in supply chain management with help of their distribution network of more than 700 location 4. CSR initiatives and environmental programs have been undertaken aggressively 5. National Oilwell Varco has more than 110 brands under it Strength 6. Has a strong workforce of approx 50,000 employees
1. Spills and environmental violations have affected brand image 2. The business is excessively dependent on finding new reserves of Weakness oil which are found very infrequently
1.Growing demand of oil field equipments 2. Increase of deep water drilling 3.Emergence of shale drilling outside US borders presents huge opportunity for the company 4. Acquisition of Wilson leading distribution of pipe, valves and Opportunity fittings have provided new market opportunities
1. Natural gas prices in North America are very low this may cause a fall in demand for shale drilling as it will become a very expensive proposition 2. Development of greener sources of energy may be a big threat for its oil business Threats 3. Fluctuating foreign exchanges and global crisis affects operations
Competition
1.Schlumberger 2.Baker Hughes Competitors 3.Cameron International
doc_509718142.docx
SWOT ANALYSIS OF NATIONAL OILWELL VARCO
National Oilwell Varco
Parent Company
National Oilwell Varco
Category
Oil Services and Equipment
Sector
Energy
Tagline/ Slogan
One Company Unlimited Solutions
USP
It is worldwide leader in the land and offshore drilling industry
STP
Segment
Corporates, countries looking to fulfill energy services needs
Target Group
Companies needing oil and gas drilling equipments
It is positioned as worldwide leader in designing, manufacturing and Positioning selling equipments used in oil and gas drilling
SWOT Analysis
1. Very diverse product lines 2. Vast range of services, ranging from drilling rig technologies to providing supply chain services 3. Market leaders in supply chain management with help of their distribution network of more than 700 location 4. CSR initiatives and environmental programs have been undertaken aggressively 5. National Oilwell Varco has more than 110 brands under it Strength 6. Has a strong workforce of approx 50,000 employees
1. Spills and environmental violations have affected brand image 2. The business is excessively dependent on finding new reserves of Weakness oil which are found very infrequently
1.Growing demand of oil field equipments 2. Increase of deep water drilling 3.Emergence of shale drilling outside US borders presents huge opportunity for the company 4. Acquisition of Wilson leading distribution of pipe, valves and Opportunity fittings have provided new market opportunities
1. Natural gas prices in North America are very low this may cause a fall in demand for shale drilling as it will become a very expensive proposition 2. Development of greener sources of energy may be a big threat for its oil business Threats 3. Fluctuating foreign exchanges and global crisis affects operations
Competition
1.Schlumberger 2.Baker Hughes Competitors 3.Cameron International
doc_509718142.docx