National Oilwell Varco is the gold standard in the energy sector, consistently producing strong top and bottom lines quarter after quarter, year after year. The company had new orders of $2.7 billion on top of an $11 billion backlog. With heavy demand for offshore drilling, coupled with the dynamic onshore drilling environment, National Oilwell Varco has tailwinds that will keep customers clamoring for their superior equipment and expertise. Check out the video below for more information on why NOV is this analyst's top energy company for 2012.
Some say NOV stands for "no other vendor," giving us an insight into the absolute supremacy the company has over its competitors. More than 90% of rigs globally have equipment from National Oilwell. However, there are other companies with similar dominance in their respective sectors. Interested in finding out who these companies are? Check out our free report: "3 American Companies Set to Dominate the World." Click here to get your free copy before it's gone.
Austin Smith has no positions in the stocks mentioned above. Joel South has no positions in the stocks mentioned above. The Motley Fool owns shares of National Oilwell Varco. Motley Fool newsletter services recommend National Oilwell Varco. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.