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Ovintiv Inc. Achieves Strong Q1 2024 Results

Ovintiv Inc. Achieves Strong Q1 2024 Results

Ovintiv Inc. (OVV) has released an update.

Ovintiv Inc. has reported robust financial results for the first quarter of 2024, with net earnings of $338 million and high production volumes leading to a significant free cash flow of $444 million after investments. The company has outperformed its production guidance and is returning substantial value to shareholders, with $328 million distributed through dividends and share buybacks. Additionally, Ovintiv has raised its full-year production outlook while maintaining its capital expenditure forecast.

For further insights into OVV stock, check out TipRanks’ Stock Analysis page.

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