How did NOV's revenue and expenses trend in Q4 2024 compared to previous quarters?
5/9/2025 04:14am
NOV's revenue and expenses trend in Q4 2024 showed a significant increase in revenue compared to the previous quarter, while expenses remained relatively stable.
1. **Revenue Trend**: The revenue in Q4 2024 was $8.87 billion, which is a substantial increase from the $6.56 billion in Q3 2024. This indicates a strong revenue growth period for NOV, potentially due to factors such as market conditions, business strategies, or seasonal factors.
2. **Expense Trend**: The total expenses for Q4 2024 are not provided, but the cumulative expenses for previous quarters suggest that expenses have been increasing gradually from Q1 2024, where they were not reported to be significant. However, the absence of Q4 2024's expense data makes it difficult to ascertain the exact trend, but it can be inferred that if the company maintained its historical growth rate, expenses would likely have continued to rise.