Ovintiv Inc - Company Profile
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Ovintiv Inc (Ovintiv) is an oil and gas producer. The company explores, develops, produces and markets natural gas, oil, and natural gas liquids (NGLs). Its major resource plays include Montney, Deep Panuke, Wheatland Oil play, Horn River and other emerging plays in Canada. In the US its assets include Permian, Anadarko, Bakken and Uinta. Ovintiv’s natural gas is mainly marketed to local distribution companies, industrials, other producers and energy marketing companies. The company sells its oil, NGLs and condensate to markets in Canada and the US. Ovintiv is headquartered in Calgary, Alberta, Canada.
Ovintiv Inc premium industry data and analytics
Products and Services
Products |
---|
Oil |
Natural Gas Liquids |
Natural Gas |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Asset Purchase | In June, the company acquired core Midland Basin assets. |
2023 | Plans/Strategy | In April, the company announced its plans to acquire oil-related assets in the Permian Basin from EnCap Investments for US$4.3 billion. |
2022 | Contracts/Agreements | In July, the company signed deals with undisclosed firms to divest portions of its oil and gas assets, located in the Uinta and Bakken basins in the US for approximately US$250 million. |
Competitor Comparison
Key Parameters | Ovintiv Inc | ConocoPhillips | Devon Energy Corp | Chesapeake Energy Corp | Coterra Energy Inc |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | Denver | Houston | Oklahoma City | Oklahoma City | Houston |
State/Province | Colorado | Texas | Oklahoma | Oklahoma | Texas |
No. of Employees | 1,743 | 9,900 | 1,900 | 1,000 | 894 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Peter A. Dea | Chairman | Executive Board | 2020 | 69 |
Brendan M. McCracken | President; Chief Executive Officer; Director | Executive Board | 2021 | 47 |
Corey Code | Chief Financial Officer; Executive Vice President | Senior Management | 2019 | 49 |
Greg Givens | Chief Operating Officer; Executive Vice President | Senior Management | 2019 | 50 |
Meghan N. Eilers | General Counsel; Executive Vice President; Corporate Secretary | Senior Management | 2022 | 41 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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