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Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets comprise Bakken in North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia, and Wheatland in southern Alberta. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.

Ovintiv Inc.

The significance of a company's longevity in the market

Years since IPO

Evaluation of recent trends and improvements in the company's revenue

Revenue Growth

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EPS Growth

Review of the company's ability to generate free cash flow over recent periods

FCF Growth

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Examination of debt levels using Debt/Assets and Debt/EBITDA to ensure manageable leverage

Debt

STRATEGIC TRANSFORMATION COMPLETE, DRIVING INCREASED SHAREHOLDER RETURNS HIGHLIGHTS: FULL YEAR 2025 GENERATED CASH FROM OPERATING ACTIVITIES OF $3.7 BILLION, NON-GAAP CASH FLOW OF $3.8 BILLION AND NON-GAAP FREE CASH FLOW OF $1.6 BILLION AFTER CAPITAL EXPENDITURES OF $2.1 BILLION PRODUCED AVERAGE TOTAL VOLUMES OF 615 THOUSAND BARRELS OF OIL EQUIVALENT PER DAY ("MBOE/D"), INCLUDING 209 THOUSAND BARRELS PER DAY ("MBBLS/D") OF OIL AND CONDENSATE, 95 MBBLS/D OF OTHER NGLS (C2 TO C4) AND 1,862 MILLION CUBIC FEET PER DAY ("MMCF/D") OF NATURAL GAS RETURNED MORE THAN $600 MILLION TO SHAREHOLDERS THROUGH THE COMBINATION OF BASE DIVIDEND PAYMENTS AND SHARE BUYBACKS ANNOUNCED THE ACQUISITION OF NUVISTA ENERGY LTD., ADDING APPROXIMATELY 100 MBOE/D OF PRODUCTION, 930 NET 10,000-FOOT EQUIVALENT WELL LOCATIONS, AND APPROXIMATELY 140,000 NET ACRES OF LAND FOR APPROXIMATELY $2.7 BILLION; THE ACQUISITION CLOSED ON FEBRUARY 3, 2026 ANNOUNCED THE PLANNED SALE OF ITS ANADARKO ASSETS; SUBSEQUENTLY ANNOUNCED IN FEBRUARY 2026 THAT AN AGREEMENT WAS REACHED TO SELL THE ASSETS FOR TOTAL CASH PROCEEDS OF $3.0 BILLION FOURTH QUARTER 2025 GENERATED FOURTH QUARTER CASH FROM OPERATING ACTIVITIES OF $954 MILLION, NON-GAAP CASH FLOW OF $973 MILLION AND NON-GAAP FREE CASH FLOW OF $508 MILLION AFTER CAPITAL EXPENDITURES OF $465 MILLION DELIVERED AVERAGE QUARTERLY PRODUCTION VOLUMES OF 623 MBOE/D, INCLUDING 209 MBBLS/D OF OIL AND CONDENSATE, 97 MBBLS/D OF OTHER NGLS AND 1,905 MMCF/D OF NATURAL GAS 2026 OUTLOOK ANNOUNCED FULL YEAR 2026 CAPITAL PROGRAM OF APPROXIMATELY $2.25 TO $2.35 BILLION, WHICH IS EXPECTED TO DELIVER TOTAL PRODUCTION VOLUMES OF 620 TO 645 MBOE/D, INCLUDING OIL AND CONDENSATE VOLUMES OF 205 TO 212 MBBLS/D ANNOUNCED NEW SHAREHOLDER RETURN FRAMEWORK, WHICH WILL INCREASE 2026 SHAREHOLDER RETURNS TO AT LEAST 75% OF FULL YEAR NON-GAAP FREE CASH FLOW THROUGH THE COMBINATION OF THE BASE DIVIDEND AND SHARE BUYBACKS; SHARE BUYBACKS ARE EXPECTED TO COMMENCE IMMEDIATELY DENVER, FEB. 23, 2026 /PRN

OVINTIV REPORTS FOURTH QUARTER AND YEAR-END 2025 FINANCIAL AND OPERATING RESULTS

DENVER, FEB. 17, 2026 /PRNEWSWIRE/ - OVINTIV INC. (NYSE: OVV) (TSX: OVV) ("OVINTIV" OR THE "COMPANY") ANNOUNCED TODAY THAT IT HAS ENTERED INTO A DEFINITIVE AGREEMENT TO SELL ITS ANADARKO ASSETS, LOCATED IN OKLAHOMA, TO AN UNDISCLOSED BUYER, FOR CASH PROCEEDS OF $3.0 BILLION. THE SALE INCLUDES APPROXIMATELY 360 THOUSAND NET ACRES, WHICH REPRESENTS SUBSTANTIALLY ALL OF THE COMPANY'S ACREAGE IN THE PLAY.

OVINTIV ANNOUNCES AGREEMENT TO SELL ITS ANADARKO ASSETS

DENVER, FEB. 3, 2026 /PRNEWSWIRE/ - OVINTIV INC. (NYSE: OVV) (TSX: OVV) ("OVINTIV" OR THE "COMPANY") ANNOUNCED TODAY THAT IT HAS COMPLETED ITS ACQUISITION OF ALL OF THE COMMON SHARES ("NUVISTA SHARES") OF NUVISTA ENERGY LTD. (TSX: NVA) ("NUVISTA") IN A CASH AND STOCK TRANSACTION VALUED AT $2.7 BILLION.

OVINTIV ANNOUNCES CLOSING OF NUVISTA ENERGY ACQUISITION

DENVER, JAN. 29, 2026 /PRNEWSWIRE/ - OVINTIV INC. (NYSE: OVV) (TSX: OVV) TODAY ANNOUNCED THAT GREGORY P. HILL HAS BEEN APPOINTED AS AN INDEPENDENT MEMBER OF ITS BOARD OF DIRECTORS, EFFECTIVE JANUARY 30, 2026.

OVINTIV NAMES GREGORY P. HILL TO BOARD OF DIRECTORS

CALGARY, ALBERTA, JAN. 28, 2026 (GLOBE NEWSWIRE) -- NUVISTA ENERGY LTD. (TSX: NVA) ("NUVISTA") AND OVINTIV INC. (NYSE, TSX: OVV) ("OVINTIV") ARE PLEASED TO ANNOUNCE THAT THE GOVERNMENT OF CANADA HAS APPROVED THE PREVIOUSLY ANNOUNCED PROPOSED ACQUISITION OF NUVISTA BY OVINTIV, THROUGH ITS WHOLLY OWNED SUBSIDIARY OVINTIV CANADA ULC (THE "TRANSACTION"), IN ACCORDANCE WITH THE TERMS OF THEINVESTMENT CANADA ACT.

NUVISTA AND OVINTIV ANNOUNCE RECEIPT OF INVESTMENT CANADA ACT APPROVAL

CALGARY, ALBERTA, JAN. 23, 2026 (GLOBE NEWSWIRE) -- NUVISTA ENERGY LTD. (TSX: NVA) ("NUVISTA") AND OVINTIV INC. (NYSE, TSX: OVV) ("OVINTIV") ARE PLEASED TO ANNOUNCE THAT TODAY AT NUVISTA'S SPECIAL MEETING (THE "MEETING") OF HOLDERS ("NUVISTA SHAREHOLDERS") OF COMMON SHARES OF NUVISTA ("NUVISTA SHARES"), NUVISTA SHAREHOLDERS VOTED IN FAVOUR OF THE PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT (THE "TRANSACTION") INVOLVING NUVISTA, NUVISTA SHAREHOLDERS, OVINTIV CANADA ULC ("OVINTIV CANADA") AND OVINTIV INC. AT THE MEETING, THE SPECIAL RESOLUTION (THE "TRANSACTION RESOLUTION") APPROVING THE TRANSACTION WAS APPROVED BY APPROXIMATELY 99% OF THE VOTES CAST BY NUVISTA SHAREHOLDERS, PRESENT IN PERSON OR REPRESENTED BY PROXY AT THE MEETING. FOR ADDITIONAL DETAILS OF THE VOTING RESULTS ON THE TRANSACTION RESOLUTION, SEE NUVISTA'S REPORT OF VOTING RESULTS FILED PURSUANT TO SECTION 11.3 OF NATIONAL INSTRUMENT 51-102  CONTINUOUS DISCLOSURE OBLIGATIONSAVAILABLE ON NUVISTA'S PROFILE ON SEDAR+ AT WWW.SEDARPLUS.CA .

NUVISTA AND OVINTIV ANNOUNCE NUVISTA SHAREHOLDER APPROVAL AND RECEIPT OF FINAL ORDER FOR TRANSACTION WITH OVINTIV AND PRELIMINARY RESULTS OF ELECTIONS BY NUVISTA SHAREHOLDERS REGARDING FORM OF CONSIDERATION

DENVER, JAN. 20, 2026 /PRNEWSWIRE/ - OVINTIV INC. (NYSE: OVV) (TSX: OVV) TODAY ANNOUNCED PLANS TO HOLD ITS 2025 FOURTH QUARTER AND YEAR-END RESULTS CONFERENCE CALL AT 8:00 A.M. MT, ON TUESDAY FEBRUARY 24, 2026.

OVINTIV TO HOST ITS 2025 FOURTH QUARTER AND YEAR-END RESULTS CONFERENCE CALL AND WEBCAST ON FEBRUARY 24, 2026

CALGARY, ALBERTA, DEC. 22, 2025 (GLOBE NEWSWIRE) -- NUVISTA ENERGY LTD. (TSX: NVA) ("NUVISTA") IS PLEASED TO ANNOUNCE THAT IT HAS FILED ITS MANAGEMENT INFORMATION CIRCULAR (THE "CIRCULAR") AND ACCOMPANYING MATERIALS FOR THE UPCOMING SPECIAL MEETING (THE "MEETING") OF THE HOLDERS (THE "SHAREHOLDERS") OF COMMON SHARES OF NUVISTA ("NUVISTA SHARES") IN CONNECTION WITH THE PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT (THE "ARRANGEMENT") INVOLVING NUVISTA, THE SHAREHOLDERS, OVINTIV INC. ("OVINTIV") AND A WHOLLY-OWNED SUBSIDIARY OF OVINTIV, OVINTIV CANADA ULC ("OVINTIV CANADA").

NUVISTA ENERGY FILES MANAGEMENT INFORMATION CIRCULAR FOR ARRANGEMENT WITH OVINTIV

DENVER , DEC. 15, 2025 /PRNEWSWIRE/ - OVINTIV INC. (NYSE: OVV) (TSX: OVV) ("OVINTIV" OR THE "COMPANY") AND A SUBSIDIARY OF PEMBINA PIPELINE CORPORATION ("PEMBINA") (TSX: PPL; NYSE: PBA) TODAY ANNOUNCED THE SIGNING OF A 12-YEAR AGREEMENT (THE "AGREEMENT") FOR 0.5 MILLION TONNES PER ANNUM ("MTPA") OF PEMBINA'S LIQUEFACTION CAPACITY AT THE CEDAR LNG FACILITY ("CEDAR LNG"). THE AGREEMENT ENABLES THE EXPORT OF 0.5 MTPA OF LNG, UNDER WHICH PEMBINA WILL PROVIDE TRANSPORTATION AND LIQUEFACTION CAPACITY TO OVINTIV OVER A 12-YEAR TERM, COMMENCING WITH COMMERCIAL OPERATIONS AT CEDAR LNG, ANTICIPATED IN LATE 2028.

OVINTIV ENTERS INTO AGREEMENT FOR CEDAR LNG CAPACITY

STEVEN NANCE TO SUCCEED DEA AS BOARD CHAIRMAN DENVER , DEC. 12, 2025 /PRNEWSWIRE/ - OVINTIV INC. (NYSE: OVV) (TSX: OVV) ("OVINTIV" OR THE "COMPANY") TODAY ANNOUNCED THAT PETER DEA WILL RETIRE FROM ITS BOARD OF DIRECTORS (THE "BOARD") EFFECTIVE MAY 6, 2026. STEVEN NANCE HAS BEEN UNANIMOUSLY ELECTED BY THE BOARD TO REPLACE DEA AS BOARD CHAIRMAN.

Ovintiv Inc.

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Ovintiv Inc.

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