Ovintiv Inc - Company Profile
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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
1,743
Industry
Energy and Utilities
Ticker Symbol & Exchange
OVV (NYSE)
Revenue (2022)
$10.9B
-12.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-42.7%
(2022 vs 2021)
Market Cap*
$14.1B
Net Profit Margin (2022)
XYZ
-34.3%
(2022 vs 2021)
* As of and is in US$
Ovintiv Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Oil |
| Natural Gas Liquids |
| Natural Gas |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Asset Purchase | In June, the company acquired core Midland Basin assets. |
| 2023 | Plans/Strategy | In April, the company announced its plans to acquire oil-related assets in the Permian Basin from EnCap Investments for US$4.3 billion. |
| 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. |
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 | 1,743 | 9,900 | 1,900 | 1,000 | 894 |
| 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 | 69 |
| Brendan M. McCracken | President; Director; Chief Executive Officer | Executive Board | 2021 | 47 |
| Corey Code | Chief Financial Officer; Executive Vice President | Senior Management | 2019 | 49 |
| Greg Givens | Executive Vice President; Chief Operating Officer | Senior Management | 2019 | 50 |
| Meghan N. Eilers | General Counsel; Corporate Secretary; Executive Vice President | Senior Management | 2022 | 41 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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