OverviewSuggest Edit

Ovintiv (formerly known as Encana) is a resource play company focused on developing its multi-basin portfolio of oil and natural gas assets. Its operations also include the marketing of oil, natural gas liquids (NGLs), and natural gas.
TypePublic
Founded2002
HQDenver, US
Websiteovintiv.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2019)2,571(+25%)
Job Openings24
Revenue (FY, 2018)$5.9 B(+34%)
Share Price (Oct 2020)$9.7
Cybersecurity ratingBMore

Key People/Management at Ovintiv

Doug Suttles

Doug Suttles

President, Chief Executive Officer
Joanne Alexander

Joanne Alexander

Executive Vice President & General Counsel
Corey Code

Corey Code

Executive Vice President & Chief Financial Officer
Greg Givens

Greg Givens

Executive Vice President & Chief Operating Officer
Brendan McCracken

Brendan McCracken

Executive Vice President, Corporate Development & External Affairs
Reneé Zemljak

Reneé Zemljak

Executive Vice President, Midstream, Marketing & Fundamentals
Show more

Ovintiv Office Locations

Ovintiv has offices in Denver, Foster, Karnes City, Midland and in 12 other locations
Denver, US (HQ)
370 17th St #1700
Foster, US
164760 North 3030 Road
Karnes City, US
5003 State Highway 123
Midland, US
10200 Younger Rd
Myton, US
10530 S County Rd 33
Okarche, US
N2740 Rd
Show all (16)

Ovintiv Financials and Metrics

Ovintiv Revenue

Ovintiv's revenue was reported to be $5.94 b in FY, 2018 which is a 33.7% increase from the previous period.
USD

Revenue (Q3, 2019)

1.9b

Gross profit (Q3, 2019)

1.7b

Gross profit margin (Q3, 2019), %

89.7%

Net income (Q3, 2019)

149.0m

EBIT (Q3, 2019)

315.0m

Market capitalization (15-Oct-2020)

2.5b

Closing stock price (15-Oct-2020)

9.7

Cash (30-Sept-2019)

138.0m

EV

9.4b
Ovintiv's current market capitalization is $2.5 b.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

5.2b5.9b8.0b4.4b2.9b4.4b5.9b

Revenue growth, %

52%34%

Cost of goods sold

794.0m859.0m735.0m723.0m

Gross profit

4.4b5.0b7.3b3.7b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

1.3b1.1b861.0m1.3b983.0m1.3b1.2b2.1b1.9b

Cost of goods sold

187.0m193.0m

Gross profit

1.9b1.7b

Gross profit Margin, %

91%90%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

3.2b2.6b338.0m271.0m834.0m719.0m1.1b

Accounts Receivable

905.0m

Prepaid Expenses

350.0m11.0m

Current Assets

5.5b4.3b2.9b1.6b1.9b2.3b2.7b
Quarterly
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(2.8b)236.0m3.4b(5.2b)(944.0m)827.0m1.1b

Depreciation and Amortization

2.0b1.6b1.7b1.5b859.0m833.0m1.3b

Accounts Payable

(456.0m)(14.0m)

Cash From Operating Activities

3.1b2.3b2.7b1.7b625.0m1.1b2.3b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

431.0m762.0m1.1b151.0m(2.0m)39.0m(245.0m)91.0m240.0m

Depreciation and Amortization

187.0m380.0m590.0m275.0m575.0m924.0m377.0m909.0m1.5b

Accounts Payable

16.0m(66.0m)

Cash From Operating Activities

106.0m324.0m681.0m381.0m856.0m1.7b529.0m1.4b2.2b
USDFY, 2012

Debt/Equity

1.4 x

Debt/Assets

0.4 x

Financial Leverage

3.5 x
Show all financial metrics

Ovintiv Acquisitions / Subsidiaries

Company NameDateDeal Size
Newfield ExplorationOctober 31, 2018$4.20 b

Ovintiv Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Ovintiv Online and Social Media Presence

Embed Graph

Ovintiv News and Updates

Ovintiv Announces Start-Up of Pipestone Processing Facility

DENVER, Colo., Oct. 13, 2020 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced the start-up of the Pipestone Processing Facility (PPF), a natural gas processing and liquids stabilization plant supporting the Company's high-return, condensate-rich Montney development....

Farewell Encana, Hello Brookfield Property in Canadian Index Rejig

Farewell Encana, Hello Brookfield Property in Canadian Index Rejig

Encana Provides Details on its Upcoming Anadarko Basin Conference Call and Webcast

CALGARY, Jan. 15, 2020 /PRNewswire/ - Encana Corporation (NYSE, TSX: ECA) today provided participant details for its upcoming Anadarko Basin conference call and webcast: TIME/DATE: 2:30 p.m. MT, Wednesday, January 29, 2020 DIAL IN DETAILS: (866) 211-4955 (toll-free in North America) or...

UPDATE 1-Canada's Encana files paperwork for shifting base to U.S.

Canadian oil and gas company Encana Corp on Wednesday filed paperwork with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities as part of a plan to shift its base to the United States.

Canadian oil & gas producer Encana files paperwork for shift to U.S.

Encana Corp on Wednesday filed paperwork with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities related to the oil and gas company's proposed move to the United States.

Encana Picks Denver for New Headquarters as It Relocates to U.S.

Encana Picks Denver for New Headquarters as It Relocates to U.S.
Show more

Ovintiv Frequently Asked Questions

  • When was Ovintiv founded?

    Ovintiv was founded in 2002.

  • Who are Ovintiv key executives?

    Ovintiv's key executives are Doug Suttles, Joanne Alexander and Corey Code.

  • How many employees does Ovintiv have?

    Ovintiv has 2,571 employees.

  • What is Ovintiv revenue?

    Latest Ovintiv annual revenue is $5.9 b.

  • What is Ovintiv revenue per employee?

    Latest Ovintiv revenue per employee is $2.3 m.

  • Who are Ovintiv competitors?

    Competitors of Ovintiv include Helmerich & Payne, Continental Resources and EOG Resources.

  • Where is Ovintiv headquarters?

    Ovintiv headquarters is located at 370 17th St #1700, Denver.

  • Where are Ovintiv offices?

    Ovintiv has offices in Denver, Foster, Karnes City, Midland and in 12 other locations.

  • How many offices does Ovintiv have?

    Ovintiv has 16 offices.