Ovintiv Inc. (T:OVV*CA)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 370 - 17Th Street, Suite 1700 DENVER CO 80202 |
| Tel: | N/A |
| Website: | https://www.ovintiv.com |
| IR: | See website |
| Key People | ||
| Brendan Michael McCracken President, Chief Executive Officer, Director | Corey Douglas Code Chief Financial Officer, Executive Vice President | Meghan N. Eilers Executive Vice President, General Counsel, Company Secretary | Rachel M. Moore Executive Vice President - Corporate Services |
| Business Overview |
| Ovintiv Inc. is an oil and natural gas exploration and production company. The Company is focused on the development of its multi-basin portfolio of top tier oil and natural gas assets located in the United States and Canada. Its operations also include the marketing of oil, natural gas liquids (NGLs) and natural gas. Its segments include USA Operations, Canadian Operations, and Market Optimization. USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other activities within Canada. Market Optimization segment is primarily responsible for the sale of the Company's production to third-party customers and enhancing the associated netback price. The segment's activities also include third-party purchases and sales of product to provide operational flexibility. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Ovintiv Inc revenues decreased 13% to $10.88B. Net income decreased 43% to $2.09B. Revenues reflect Market Optimization segment decrease of 30% to $2.88B, Corporate & Other segment decrease of 67% to $265M, United States segment decrease of 13% to $8.32B, Canada segment decrease of 12% to $2.57B. Net income also reflects USA Operations segment income decrease of 19% to $2.44B. |
| Employees: | 1,743 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $19,788M as of Dec 31, 2023 |
| Annual revenue (TTM): | $10,883M as of Dec 31, 2023 |
| EBITDA (TTM): | $4,781M as of Dec 31, 2023 |
| Net annual income (TTM): | $2,085M as of Dec 31, 2023 |
| Free cash flow (TTM): | $1,116M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $5,754M as of Dec 31, 2023 |
| Shares outstanding: | 268,953,641 as of Mar 27, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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