NOV Completion & Production Solutions $4.31B. KIRK SHELTON President, Completion & Production Solutions. Who We Are.

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1 KIRK SHELTON President, Completion & Production Solutions Kirk joined NOV in 1989 as part of the first acquisition undertaken by the recently merged National Oilwell. NOV Completion & Production Solutions NOV Analyst Day Kirk Shelton President, Completion & Production Solutions NOVEMBER 19, 2014 Statements made in the course of this presentation that state the Company s or management s intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. It is important to note that the Company s actual results could differ materially from those projected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements, including risk factors, is contained from time-to-time in the Company s filings with the U.S. Securities and Exchange Commission. Any decision regarding the Company or its securities should be made upon careful consideration of not only the information here presented, but also other available information, including the information filed by the Company with the SEC. Copies of these filings may be obtained by contacting the Company or the SEC or through the Company s website. 1 Who We Are NOV Completion & Production Solutions 3 INTERVENTION AND STIMULATION EQUIPMENT ONSHORE PRODUCTION $4.31B FY13 REVENUE OFFSHORE PRODUCTION 4

2 Building Leadership the NOV Way NOV Completion & Production Solutions Expectations from 12/31/2013 through 2019 KEY ASSUMPTIONS EXPANSION OF NUMBER OF WELLS HYDRAULICALLY FRACTURED MODEST GLOBAL SHALE DEVELOPMENT ORDERS FOR FPS IN 16 KEY PRODUCTS AND SERVICES INTEGRATED PACKAGES PRODUCTIVE SYSTEMS TRANSFORMATIVE SOLUTIONS 120% 150% 250bps REVENUE GROWTH OP GROWTH MARGIN IMPROVEMENT 5 6 Our People Make the Difference Offshore Production Image courtesy of Williams FPSO FIXED PLATFORM SPAR MOPU 7 8

3 Global Unconventional Oil & Gas Fields Shales Tight Sands Coalbed Methane Source: PacWest Consulting Partners 9 10 We extend longer Burlington well CT and Agitator delivers fracking tools at 14,

4 LOGGING 85% WIRELINE MARKET SEGMENT PAST 5 YEARS NOV UNITS IN SERVICE EACH UNIT 15K PRESSURE CONTROL EQUIPMENT Well Test Site Supporting Unconventional Equipment Repair, Refurbish, Recertification PRESSURE CONTROL FLOWLINE COILED TUBING FRAC TREE Global Manufacturing and Support 5 YEAR INTERVALS 6-12M INTERVALS DAYS EVERY JOB 15 16

5 Well Production WellSite Site Well Site Artificial Lift Global OEM Aftermarket 19

6 Global Infrastructure 69 STOCKING POINTS Offshore Production 171 SALES OFFICES 89 SERVICE LOCATIONS 68 MANUFACTURING PLANTS FPSO FIXED PLATFORM Image courtesy of Williams SPAR MOPU Image courtesy of Williams 23 24

7 APL Turret ft Cascade Field, GOM, USA Deepest FPSO Mooring project in the world. FPSO MARKET EXPECTATIONS DELIVERED CURRENTLY UNDER CONSTRUCTION NEW POTENTIAL PROJECTS Units Harsh Environment 16 Units SE Asia 14 Units West Africa 11 Units 27 28

8 FPSO Supply Chain GLOBAL UPSTREAM PROJECTS 64% 73% 30 OVER BUDGET DELAYED LATE FPSOs OUT OF 45 1Source: EY 2014, Spotlight On Oil and Gas Mega Projects ; Projects over $1 billion 2 Source: Douglas Westwood Building Leadership the NOV Way Possibility to Transform Increase Relevance Increase Scope Oil Co. Build Owner Operator/ Shipyards Key products and services Integrated packages Productive systems Transformative solutions NOV Pull Drillship FPSO 31 33

9 NOV Completion & Production Solutions Expectations from 12/31/2013 through 2019 NOV Completion & Production Solutions KEY ASSUMPTIONS EXPANSION OF NUMBER OF WELLS HYDRAULICALLY FRACTURED MODEST GLOBAL SHALE DEVELOPMENT ORDERS FOR FPS IN 16 We are the most diverse GLOBAL manufacturer of intervention and stimulation equipment and we leverage this position every day. The NOV WAY provides significant growth opportunities for our onshore production equipment. 120% 150% 250bps REVENUE GROWTH OP GROWTH MARGIN IMPROVEMENT 35 SUCCESS in the offshore production space is about so much more than FPSOs