Patricia Melcher Joins NOV Inc. Board of Directors, Bringing Decades of Energy Investing Experience

NOV Inc., a global leader in technology-driven solutions for the energy industry, has announced the appointment of Patricia B. "Patti" Melcher to its Board of Directors. Ms. Melcher, currently a Managing Partner of EIV Capital, brings extensive experience in oilfield services and sustainable energy investing to the role. As an energy-focused private equity firm co-founder, Ms. Melcher has played a pivotal role in the success of EIV Capital since its establishment in 2009. Her expertise in capital allocation and governance will be invaluable as she joins the NOV board. Clay Williams, Chairman, President, and Chief Executive Officer of NOV, expressed his excitement about Ms. Melcher's appointment, stating, "We are pleased to welcome Patti to our board of directors and look forward to her contributions and insights. Her leadership skills and deep understanding of the energy industry will help guide our innovations and create value for NOV shareholders." Prior to co-founding EIV Capital, Ms. Melcher founded Allegro Capital Management in 1997. The investment firm specialized in equity investments in energy companies and provided consulting services. During her time at Allegro, Ms. Melcher also served as interim Chief Executive Officer for Petrocom Energy Group from 2003 to 2004. Ms. Melcher's energy business experience spans more than 35 years. She began her career as an investment banker for Simmons & Company International in 1986. Later, she joined SCF Partners to focus on private equity investments in the oilfield services sector. Throughout her tenure at SCF Partners, Ms. Melcher held positions of increasing responsibility. Educationally, Ms. Melcher holds a Bachelor of Science in Systems Engineering from the University of Virginia. She furthered her studies at Harvard University, earning a Master of Business Administration degree. With the addition of Ms. Melcher, the Board of Directors at NOV Inc. now consists of nine directors, eight of whom are independent members. This diverse and experienced board is well-positioned to drive NOV's growth and continue delivering innovative solutions for the global energy industry. About NOV** For over 150 years, NOV Inc. has been at the forefront of technology-driven solutions in the energy industry. The company's relentless commitment to innovation enables its customers to produce abundant energy while minimizing environmental impact. NOV's deep expertise and advanced technology continuously improve oilfield operations, supporting the transition towards a more sustainable future. As a trusted partner, NOV plays a pivotal role in powering the industry that powers the world. For more information about NOV Inc., please visit www.nov.com.