Company Increases Quarterly Dividend by 25%; Announces Debt Redemption; Announces Plan to Double Shareholder Returns Resulting in 2022 Returns of ~$1 billion Highlights: Generated first quarter cash from operating activities of $685 million, Non-GAAP Cash Flow of $1,043 million and Non-GAAP Free Cash Flow of $592 million Announced plan to double shareholder returns from 25% to 50% of Non-GAAP Free Cash Flow after base [...]
Ovintiv Inc. today announced that the following matters, as further described in the Company's Proxy Statement filed on March 23, 2022 , were voted upon at its 2022 Annual Meeting of Shareholders held on May 4, 2022. Election of Directors Each nominee listed in the Proxy Statement was elected as a director of the Company. The results of the vote by ballot were as follows: Name of Nominee Votes For Percent Votes Against [...]
Ovintiv Inc. today announced that the following matters, as further described in the Company's Proxy Statement filed on March 23, 2022 , were voted upon at its 2022 Annual Meeting of Shareholders held on May 4, 2022. Election of Directors Each nominee listed in the Proxy Statement was elected as a director of the Company. The results of the vote by ballot were as follows: Name of Nominee Votes For Percent Votes Against [...]
Ovintiv Inc. today announced plans to hold its 2022 first quarter results conference call at 9:00 a.m. MT, on Tuesday May 10, 2022. The Company plans to release its financial and operating results after market close, Monday May 9, 2022. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To participate in the conference call [...]
Company Increases Quarterly Dividend by 43%; Underpinned by Leading 2022 Capital Efficiency Highlights: Generated full year net earnings of $1.4 billion, cash from operating activities of $3.1 billion, Non-GAAP Cash Flow of $3.2 billion and Non-GAAP Free Cash Flow of $1.7 billion Reduced Net Debt by approximately $2.3 billion; expect to reach $3 billion Net Debt target in the second half of 2022 assuming $85 per barrel [...]
Ovintiv Inc.,one of North America's largest oil, gas, and condensate producers, is well-site operator Rising Phoenix Royalties reveals a 49% oil/51% natural gas royalty acquisition of roughly 5 net royalty acres from an undisclosed seller in the Woodford Basin, Stephens County, OK. Ovintiv Inc. , is the well-site Operator. "The Stephens County acquisition is a great example of our ability to assist sellers with smaller to [...]
Ovintiv Inc. today announced plans to hold its 2021 fourth quarter and year-end results conference call at 9:00 a.m. MT, on Friday, February 25, 2022. The Company plans to release its financial and operating results after market close, Thursday, February 24, 2022. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To participate [...]
Strong Third Quarter Free Cash Flow to Enhance Shareholder Returns Through Fourth Quarter Share Buyback Program Third Quarter Highlights: Generated third quarter cash from operating activities of $812 million, non-GAAP cash flow of $845 million and non-GAAP free cash flow of $480 million Reduced net debt by $409 million to $4.8 billion; achieved 1.5 times net debt to adjusted EBITDA leverage ratio Fully offset inflation [...]
Ovintiv Inc. today announced plans to hold its third quarter 2021 results conference call at 9:00 a.m. MT, on Wednesday November 3, 2021. The Company plans to release its financial and operating results after market close, Tuesday November 2, 2021. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To participate in the [...]
Company Launches New Sustainability Website Ovintiv Inc. today announced the achievement of several sustainability milestones related to emissions reductions, social responsibility and corporate governance. In addition, the Company has launched a new dynamic sustainability website, highlighting Ovintiv's data-driven approach to environmental, social and governance performance matters. "Ovintiv is at the forefront of [...]
Company Announces TSX Acceptance of Normal Course Issuer Bid Ovintiv today announced it is progressing its commitment to increase shareholder returns with the receipt of regulatory approvals for a share buy-back program. This action is consistent with the Company's capital allocation framework, which supports the goal of unlocking shareholder value by delivering on Ovintiv's strategic priorities of financial strength [...]
Ovintiv Inc. today announced a new capital allocation framework, which supports the Company's goal of unlocking shareholder value by delivering on its strategic priorities of financial strength, increasing cash returns to shareholders, generating superior returns on capital investment, and driving ESG progress. "We are committed to unlocking shareholder value by delivering on our strategic priorities," said Ovintiv [...]