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Stock impact report

NOV Inc. (NOV): A Resilient Force in Hurricane and Natural Disaster Preparedness [Yahoo! Finance]

NOV Inc. (NOV) 
Last nov inc. earnings: 4/27 06:45 pm Check Earnings Report
US:NYSE Investor Relations: nov.com
Company Research Source: Yahoo! Finance
The 2024 hurricane season is shaping up to be a highly active one, especially in the North Atlantic. Forecasts suggest that the number of tropical cyclones this year could exceed the long-term average. Although it's difficult to predict how many storms will make landfall and where they will hit, a higher number of storms increases the chances of multiple landfalls, posing a significant risk to the Gulf of Mexico and Caribbean Sea regions. Leading research institutes expect approximately 23 named cyclones in the North Atlantic this year, with 11 potentially developing into hurricanes. Of these, five could become severe hurricanes with wind speeds exceeding 110 mph. These estimates are considerably higher than the long-term average observed between 1950 and 2023, which was 12 named storms, 6 hurricanes, and nearly 3 severe hurricanes each season. Sea surface temperatures in the tropical North Atlantic are currently at record highs, between 0.5 and 1.0°C above the historical average Show less Read more
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