Published in Energy & Power category by MBA Skool Team
National Oilwell Varco is one of the leading brands in the energy & power sector. National Oilwell Varco SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of National Oilwell Varco:
Vast range of services, ranging from drilling rig technologies to providingsupply chain services
Market leaders in supply chain management with help of their distribution network of more than 700 location
CSR initiatives and environmental programs have been undertaken aggressively
National Oilwell Varco has more than 110 brands under it
Has a strong workforce of approx 50,000 employees
Above are the strengths in the SWOT Analysis of National Oilwell Varco. The strengths of National Oilwell Varco looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
National Oilwell Varco Weaknesses
Spills and environmental violations have affected brand image
The business is excessively dependent on finding new reserves of oil which are found very infrequently
These were the weaknesses in the National Oilwell Varco SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
National Oilwell Varco Opportunities
Growing demand of oil field equipments
Increase of deep water drilling
Emergence of shale drilling outside US borders presents huge opportunity for the company
Acquisition of Wilson leading distribution of pipe, valves and fittings have provided new market opportunities
Above we covered the opportunities in National Oilwell Varco SWOT Analysis. The opportunities for any brand can include prospects of future growth.
National Oilwell Varco Threats
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
Development of greener sources of energy may be a big threat for its oil business
Fluctuating foreign exchanges and global crisis affects operations
The threats in the SWOT Analysis of National Oilwell Varco are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
It is worldwide leader in the land and offshore drilling industry
National Oilwell Varco STP
Corporates, countries looking to fulfill energy services needs
Companies needing oil and gas drilling equipments
It is positioned as worldwide leader in designing, manufacturing and selling equipments used in oil and gas drilling
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