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, CO, US
Websiteovintiv.com
Employee Ratings3.4
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)2,571(+25%)
Job Openings3
Revenue (FY, 2018)$5.9 B(+34%)
Share Price (Mar 2021)$23.8(-1%)
Cybersecurity ratingBMore

Key People/Management at Ovintiv

Doug Suttles

Doug Suttles

Chief Executive Officer
Corey Code

Corey Code

Executive Vice President & Chief Financial Officer
Greg Givens

Greg Givens

Executive Vice President & Chief Operating Officer
Brendan McCracken

Brendan McCracken

President
Reneé Zemljak

Reneé Zemljak

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

Rachel M. Moore

Executive Vice President, Corporate Services
Show more

Ovintiv Office Locations

Ovintiv has offices in Denver, Foster, Karnes City, Midland and in 12 other locations
Denver, CO, US (HQ)
370 17th St #1700
Foster, OK, US
164760 North 3030 Road
Karnes City, TX, US
5003 State Highway 123
Midland, TX, US
10200 Younger Rd
Myton, UT, US
10530 S County Rd 33
Okarche, OK, 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 (31-Mar-2021)

6.2b

Closing stock price (31-Mar-2021)

23.8

Cash (30-Sept-2019)

138.0m

EV

13.1b
Ovintiv's current market capitalization is $6.2 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$4.2 b

Ovintiv Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Ovintiv Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Ovintiv Online and Social Media Presence

Embed Graph

Ovintiv Company Culture

  • Overall Culture

    A+

    82/100

  • CEO Rating

    A+

    80/100

  • Compensation

    A-

    78/100

Learn more on Comparably

Ovintiv News and Updates

Ovintiv Appoints Katherine L. Minyard to Board of Directors

DENVER, March 4, 2021 /PRNewswire/ - 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. Minyard, 45, is an Investment Principal and Partner at Cambiar Investors where...

Kimmeridge Nominates Three Highly Qualified, Independent Directors to Ovintiv Board

NEW YORK, Jan. 26, 2021 /PRNewswire/ -- Kimmeridge Energy Management Company, LLC ("Kimmeridge"), a private investment firm focused on upstream energy, today announced its nomination of three independent directors to the Board of Directors (the "Board") of Ovintiv Inc. ("Ovintiv" or the...

Oil Driller Ovintiv Faces Proxy Battle Threat From Kimmeridge

Oil Driller Ovintiv Faces Proxy Battle Threat From Kimmeridge

Ovintiv Names Meg A. Gentle to Board of Directors

DENVER, Nov. 19, 2020 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Meg A. Gentle has been named as an independent member of its board of directors, effective December 16, 2020. Gentle, 46, currently serves as the president and chief executive officer of...

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
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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 Doug Suttles, Corey Code and Greg Givens.

  • 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 Chesapeake Energy, Helmerich & Payne and Continental 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.