Ovintiv Inc. is a United States–based company operating in the energy sector, within the oil and natural gas exploration and production industry. The company specializes in developing unconventional resources, focusing on shale oil and shale gas operations across major North American basins.
Ovintiv originated from Encana Corporation, a Canadian company that underwent a strategic transformation leading to a relocation of its headquarters and rebranding in 2020 under the name Ovintiv Inc.
Ovintiv’s portfolio includes exploration, drilling and production of crude oil, natural gas liquids (NGLs) and natural gas.
It also manages asset-development programs, early-stage infrastructure, well-optimization technologies and engineering practices tailored to unconventional-resource development. Its core operational regions include the Permian Basin, Anadarko Basin and Montney formation.
The company operates primarily in North America, in regions with substantial unconventional-resource potential. Its operational structure includes reservoir engineering, geology, field operations, supply-chain management, safety and environmental units and administrative teams based in the United States.
Market factors affecting the company include oil and natural-gas price cycles, environmental and drilling regulations, operational-cost dynamics, infrastructure availability, industrial and residential gas demand, competitiveness among independent producers and energy-policy developments across the United States and Canada.
Ovintiv Inc. is listed on the New York Stock Exchange (NYSE) under the ticker OVV.
History and when Ovintiv Inc. was founded
Ovintiv Inc. traces its origins to Canada as Encana Corporation, created in the early 2000s through the merger of Alberta Energy Company and PanCanadian Energy. The company became one of the largest independent natural-gas producers in North America through the 2000s.
During the 2010s, Encana began shifting its portfolio toward oil and liquids and undertook several operational and organizational changes to adapt to evolving energy-market conditions.
In 2020, the company officially rebranded as Ovintiv Inc. and moved its headquarters to the United States, marking a new strategic direction focused on North American unconventional-resource development and operational efficiency.
From 2020 to 2024, Ovintiv strengthened its position across major shale basins, enhanced its cost-reduction and drilling-efficiency programs, expanded its use of advanced technologies and optimized its asset portfolio through strategic acquisitions and divestitures.
The period also saw efforts to reinforce financial discipline and operational performance in a dynamic energy environment.
Additional Information
The Company Ovintiv Inc (United States), is listed on Nasdaq with a market value of $ 9.90 Billions, having an equity of $ 10.23 Billions.
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 8.95 Billions, which generated a profit in the amount of $ 236.00 Millions.
As for its main indicators, the Company has a P/E ratio of 41.95, a P/BV ratio of 0.97 and in the last 12 months the dividend yield of OVV was at 3.10%.
The Company is traded internationally through the ticker OVV.