Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Departure of Director

On April 14, 2023, Mr. James T. Hackett, a member of the Board of Directors (the "Board") of NOV Inc. (the "Company") since 2016 and the Board's current independent Lead Director, notified the Board of his decision to resign from the Board, effective as of April 16, 2023. Mr. Hackett's resignation from the Board is solely to avoid a potential conflict of interest with another professional opportunity he is pursuing and is not the result of any disagreement with the Company's operations, policies or procedures. As previously disclosed in the Company's 2023 Proxy Statement filed on April 6, 2023, Mr. Hackett's term of office was anticipated to cease at the Company's 2023 Annual Meeting of Stockholders on May 17, 2023, absent his earlier death, resignation, or removal. The Board appointed Mr. Greg L. Armstrong, a current member of the Board, to serve as the Board's independent Lead Director, effective as of April 16, 2023.

The Company thanks Mr. Hackett for his service and wishes him well in his future endeavors.

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