An update from Ovintiv ( (OVV) ) is now available.
Ovintiv Inc. reported strong financial and operational results for 2024, with a 50% increase in non-GAAP free cash flow year-over-year. The company generated $3.7 billion in cash from operating activities and returned over $900 million to shareholders. Key strategic moves included acquiring oil-rich Montney assets and selling Uinta assets, positioning Ovintiv for enhanced production capacity and a more focused asset portfolio in 2025. These actions are expected to support a robust capital program and increased production volumes, reinforcing Ovintiv’s strategy of delivering durable returns and operational efficiencies.
More about Ovintiv
Ovintiv Inc. operates in the energy sector, focusing on the production of oil, natural gas, and natural gas liquids. The company is committed to creating value through efficient operations and strategic acquisitions, with a market focus on enhancing shareholder returns and optimizing its asset portfolio.
YTD Price Performance: 1.66%
Average Trading Volume: 2,607,565
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $11.01B
See more data about OVV stock on TipRanks’ Stock Analysis page.