NOV Inc. reported trailing-12-month revenue of $8.78 billion and net income of $383 million, with a dividend yield of 1.7%. The company operates across three core segments—Wellbore Technologies, Completion & Production Solutions, and Rig Technologies—supplying drilling systems, production equipment and related services to oil, gas and renewable energy customers worldwide. Its diversified business model includes equipment manufacturing, rentals, repair services and remote monitoring, with a global footprint spanning onshore and offshore markets.

In the fourth quarter, London-based Oldfield Partners acquired 276,961 additional shares of NOV for an estimated $4.11 million based on quarterly average pricing, according to an SEC filing. Following this transaction, the position’s quarter-end value rose by $15.68 million, driven by both trading activity and price appreciation. The holding now represents 22.4% of Oldfield’s 13F-reportable assets under management, making NOV its largest single equity position and underscoring growing institutional conviction.

The heightened stake by Oldfield Partners signals confidence in NOV’s operational momentum. In the third quarter, NOV booked $951 million in new orders, achieving a book-to-bill ratio of 141% and lifting its capital equipment backlog to $4.56 billion. While industry conditions remain cyclical, the company’s robust backlog, solid balance sheet and consistent cash generation support continued dividend payments and share buybacks. Investors looking for selective energy exposure may view NOV’s offshore-focused equipment portfolio and durable cash flow as key drivers of long-term value.