NOV saw the highest growth of 161% in patent filings in November and 110% in grants in October in Q4 2023. Compared to Q3 2023, Q4 2023 saw an increase in patent filings by 143% and grants by 110%. GlobalData’s DataBook provides a comprehensive analysis of NOV‘s patent filings and grants. Buy the databook here.

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NOV has been focused on protecting inventions in United States(US) with 17 publications in Q4 2023

The United States(US) Patent Office dominates the patent filings and grants with nearly 55% filings and 100% grants. The United States(US), European Patent Office(EPO), and Australia(AU) patent Office are among the top ten patent offices where NOV is filings its patents. Among the top granted patent authorities, NOV has 100% of its grants in United States(US)

Fuji Oil and Baker Hughes could be the strongest competitors for NOV

In terms of grant share, NOV stands in seventh position among its competitors. Fuji Oil and Baker Hughes secured the top positions according to recent patent publication data.

Production related patents lead NOV portfolio followed by wells, and offshore

NOV has highest number of patents in production followed by wells, offshore, exploration, and offshore. For production, nearly 34% of patents were filed and 28% of patents were granted in Q4 2023.

For comprehensive analysis of NOV's filings and grants, buy the databook here.

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