Ovintiv Inc (Ovintiv) is an oil and gas producer. The company explores, develops, produces and markets natural gas, oil and natural gas liquids (NGLs). Its major resource plays include Montney, Deep Panuke, Wheatland Oil play, Horn River and other emerging plays in Canada. In the US its assets include Permian, Anadarko, Bakken and Uinta. Ovintiv’s natural gas is mainly marketed to local distribution companies, industrials, other producers and energy marketing companies. The company sells its oil, NGLs and condensate to markets in Canada and the US. Ovintiv is headquartered in Calgary, Alberta, Canada.
Headquarters
United States of America
Address
370 - 17th Street, Suite 1700, Denver, Colorado, 80202
Website
www.ovintiv.com
Telephone
1 303 6232300
No of Employees
1,713
Industry
Energy and Utilities
Ticker Symbol & Exchange
OVV (NYSE)
Revenue (2020)
$8.7B
42.2%
(2020 vs 2019)
EPS
XXX
Net Income (2020)
XXX
123.2%
(2020 vs 2019)
Market Cap*
$12.6B
Net Profit Margin (2020)
XXX
116.3%
(2020 vs 2019)
* As of and is in US$
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Products and Services
| Products |
|---|
| Oil |
| Natural Gas |
| Natural Gas Liquids |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Contracts/Agreements | In July, the company signed deals with undisclosed firms to divest portions of its oil and gas assets, located in the Uinta and Bakken basins in the US for approximately US$250 million. |
| 2021 | Plans/Strategy | In March, the company announced its plans to divest its stake in Eagle Ford acreage in Texas, the US for US$800 million. |
| 2020 | Plans/Strategy | In April, the company announced to reduce second quarter 2020 investments by US$500 million. |
Competitor Comparison
| Key Parameters | Ovintiv Inc | ConocoPhillips | Devon Energy Corp | Chesapeake Energy Corp | Coterra Energy Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Denver | Houston | Oklahoma City | Oklahoma City | Houston |
| State/Province | Colorado | Texas | Oklahoma | Oklahoma | Texas |
| No. of Employees | 1,713 | 9,400 | 1,600 | 1,300 | 936 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Peter A. Dea | Chairman | Executive Board | 2020 | 68 |
| Brendan McCracken | Chief Executive Officer; Director; President | Executive Board | 2021 | 46 |
| Corey Code | Executive Vice President; Chief Financial Officer | Senior Management | 2019 | 47 |
| Greg Givens | Chief Operating Officer; Executive Vice President | Senior Management | 2020 | 49 |
| Meghan Eilers | General Counsel; Executive Vice President; Corporate Secretary | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
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