History
National Oilwell's two main predecessors, Oilwell Supply and National Supply, were founded in 1862 and 1893, respectively. These two companies manufactured and distributed a number of components for the oil drilling industry including drawworks, mud pumps and derricks.
Varco was founded as Abegg and Reinhold Company by Walter Abegg and Baldwin Reinhold in 1908, renaming to Vuilleumiere, Abegg and Reinhold Company, Varco in 1915 due to involvement of Edgar Vuilleumiere and then renaming to Varco International in 1973.
In 1930, United States Steel acquired Oilwell Supply. In 1958, Armco Steel merged with National Supply.
In 1987, National Supply merged with USS Oilwell to become National Oilwell.
In 2005, National Oilwell and Varco merged to become National Oilwell Varco.
The company now employs over 42,001 people and has over 700 facilities worldwide.
Read more about this topic: National Oilwell Varco
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