OverviewSuggest Edit

Ovintiv (formerly known as Encana) is an energy producer focused on the exploration, development, and production of 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, CO, US
Websiteovintiv.com
Employee Ratings3.3
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2020)1,916(-25%)
Job Openings22
Revenue (FY, 2020)$6.1 B(-9%)
Share Price (Sept 2021)$29.9(+5%)
Cybersecurity ratingBMore

Key People/Management at Ovintiv

Brendan McCracken

Brendan McCracken

President
Corey Code

Corey Code

Executive Vice President & Chief Financial Officer
Greg Givens

Greg Givens

Executive Vice President & Chief Operating Officer
Reneé Zemljak

Reneé Zemljak

Executive Vice President, Midstream, Marketing & Fundamentals
Rachel M. Moore

Rachel M. Moore

Executive Vice President, Corporate Services
Peter A. Dea

Peter A. Dea

Director
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Ovintiv Office Locations

Ovintiv has offices in Denver, Midland, Myton, Okarche and in 7 other locations
Denver, CO, US (HQ)
Republic Plaza, 370 17th St #1700
Midland, TX, US
10200 Younger Rd
Myton, UT, US
10530 S County Rd 33
Okarche, OK, US
N2740 Rd
Oklahoma City, OK, US
210 Park Ave #2750
Riverton, WY, US
462 S Federal Blvd
Show all (11)

Ovintiv Financials and Metrics

Ovintiv Revenue

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View revenue for all periods
Ovintiv's revenue was reported to be $6.09 b in FY, 2020 which is a 9.5% decrease from the previous period.
USD

Revenue (Q1, 2021)

1.8b

Gross profit (Q1, 2021)

631.0m

Gross profit margin (Q1, 2021), %

34.3%

Net income (Q1, 2021)

309.0m

EBIT (Q1, 2021)

195.0m

Market capitalization (15-Sept-2021)

7.8b

Closing stock price (15-Sept-2021)

29.9

Cash (31-Mar-2021)

9.0m

EV

15.2b
Ovintiv's current market capitalization is $7.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

5.9b6.7b6.1b

Revenue growth, %

34%13%(10%)

Cost of goods sold

2.8b3.6b3.6b

Gross profit

3.2b3.1b2.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.2b2.1b1.9b2.6b726.0m1.2b1.8b

Cost of goods sold

849.0m894.0m921.0m1.0b868.0m867.0m1.2b

Gross profit

386.0m1.2b950.0m1.6b(142.0m)323.0m631.0m

Gross profit Margin, %

31%56%51%62%(20%)27%34%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.1b190.0m10.0m

Accounts Receivable

789.0m1.2b928.0m

Current Assets

2.7b1.9b1.2b

PP&E

9.0b15.2b9.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

479.0m167.0m138.0m82.0m39.0m32.0m9.0m

Accounts Receivable

1.1b1.2b1.1b918.0m819.0m766.0m1.1b

Current Assets

2.1b2.0b1.9b2.2b1.5b1.2b1.2b

PP&E

15.0b15.3b15.1b15.1b11.6b10.2b9.5b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.1b234.0m(6.1b)

Depreciation and Amortization

1.3b2.0b1.8b

Cash From Operating Activities

2.3b2.9b1.9b

Purchases of PP&E

(2.0b)(2.6b)(1.7b)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(245.0m)91.0m240.0m421.0m(4.0b)(5.5b)309.0m

Depreciation and Amortization

377.0m909.0m1.5b534.0m1.0b1.4b308.0m

Cash From Operating Activities

529.0m1.4b2.2b566.0m683.0m1.2b827.0m

Purchases of PP&E

(736.0m)(1.5b)(2.1b)(790.0m)(1.0b)(1.4b)(350.0m)
USDFY, 2018

EV/EBIT

5.1 x

EV/CFO

3.8 x

Revenue/Employee

2.9m

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.1 x

P/E Ratio

1.0
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Ovintiv Operating Metrics

FY, 2018FY, 2019FY, 2020

Natural Gas Proved Developed Reserves,bcf

2 k2.82 k3.07 k

Natural Gas Proved Reserves, bcf

3.5 k5.26 k4.92 k

Oil & Gas Production Volume, mboe/d

361.2564.9543.8

Oil Proved Developed Reserves, Mbbls

150.9292.2280.9
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Ovintiv Acquisitions / Subsidiaries

Company NameDateDeal Size
Newfield ExplorationOctober 31, 2018$4.2 b
Athlon EnergyNovember 30, 2014$7.1 b
11786865 Canada Ltd
Alenco Inc.
Newfield Rocky Mountains Inc
Ovintiv Canada ULC
Ovintiv Exploration Inc.
Ovintiv Mid-Continent Inc.
Ovintiv Production Inc.
Ovintiv USA Inc.

Ovintiv Revenue Breakdown

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Ovintiv revenue breakdown by business segment: 51.4% from USA Operations, 25.0% from Canadian Operations and 23.6% from Market Optimization

Human Capital Metrics

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Ovintiv Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Ovintiv Online and Social Media Presence

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Ovintiv Company Culture

  • Overall Culture

    A+

    82/100

  • CEO Rating

    A+

    80/100

  • Compensation

    A-

    78/100

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Ovintiv News and Updates

Ovintiv Announces Results of Annual Meeting

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that the following matters, as further described in the Company's Proxy Statement filed on March 12, 2021 (the "Proxy Statement"), were voted upon at its 2021 Annual Meeting of Shareholders held on April 28, 2021.

Ovintiv Reports First Quarter 2021 Financial and Operating Results

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced its first quarter 2021 financial and operating results. In addition, the Company accelerated its $4.5 billion total debt target timeline to the first half of 2022 and forecasts its year-end 2021 total debt to be less than $5 billion, assuming $50 W…

Ovintiv to Host its First Quarter 2021 Results Conference Call and Webcast on April 29, 2021

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its first quarter 2021 conference call at 9 a.m. MT, on April 29, 2021. The Company plans to release its financial and operating results after market close, Wednesday, April 28, 2021. In addition to the release, supplemental slides an…

Ovintiv Exceeds Divestiture Target, Announces Eagle Ford Sale and Updates Guidance

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced the signing of an agreement to sell its Eagle Ford assets to Validus Energy for $880 million. With this sale, the Company has exceeded its divesture target and, with other items, now anticipates year-end 2021 debt to be below $5 billion using its 2…

Ovintiv in advanced discussions to sell Eagle Ford asset in US

Oil producer Ovintiv is reportedly in advanced talks with Pontem Energy Capital, a privately owned energy investment firm, to divest its stake in Eagle Ford acreage in Texas for more than $800m.

Ovintiv Appoints Katherine L. Minyard to Board of Directors

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Katherine L. Minyard has been appointed as an independent member of its board of directors, effective immediately.
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Ovintiv Frequently Asked Questions

  • When was Ovintiv founded?

    Ovintiv was founded in 2002.

  • Who are Ovintiv key executives?

    Ovintiv's key executives are Brendan McCracken, Corey Code and Greg Givens.

  • How many employees does Ovintiv have?

    Ovintiv has 1,916 employees.

  • What is Ovintiv revenue?

    Latest Ovintiv annual revenue is $6.1 b.

  • What is Ovintiv revenue per employee?

    Latest Ovintiv revenue per employee is $3.2 m.

  • Who are Ovintiv competitors?

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

  • Where is Ovintiv headquarters?

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

  • Where are Ovintiv offices?

    Ovintiv has offices in Denver, Midland, Myton, Okarche and in 7 other locations.

  • How many offices does Ovintiv have?

    Ovintiv has 11 offices.