RY 163.04 -0.2813% SHOP 131.77 4.3392% TD-PFM None None% TD-PFL None None% TD 86.2 0.5834% ENB 64.25 1.5008% BN 73.36 3.6012% TRI 252.28 -0.1583% CNQ 40.69 1.1686% CP 101.24 -0.0395% CNR 135.3 -0.3095% BMO 132.32 1.2782% BNS 67.31 0.0595% CSU 4888.9102 2.4935% CM 83.66 0.1317% MFC 41.85 1.2827% ATD 72.23 -1.2577% NGT 77.22 4.7761% TRP 68.58 0.9866% SU 49.32 1.2523%

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Ovintiv (TSX:OVV) Reports Lower FY24 Earnings Amid Price Declines, Projects Stable Production Outlook for 2025

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Highlights

Ovintiv Inc. (TSX:OVV) is a leading energy producer engaged in oil and natural gas exploration and production. With presence across multiple top-tier basins in the U.S. and Canada, the company also markets oil, natural gas, and NGLs as part of its integrated operations.

In the financial year 2024 (FY24), Ovintiv reported a net revenue of USD 9,152 million, marking a 15.9% decline from USD 10,883 million in FY23. This drop was primarily driven by significantly lower realization prices for crude and Natural Gas Liquids (NGL).

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