2Q21 Results Conference Call 1 ْ ⁄ ⁄ ⁄ ⁄ Ovintiv Ovintiv is Delivering Across the Board 2 Substantial Free Cash Flow Increasing Shareholder Returns Significant Debt Reduction Operational Excellence Leading Capital Efficiency Culture of Innovation Substantial Free Cash Flow Generation | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------- ...

Financial Performance - Ovintiv reported net earnings of $309 million in 1Q21[2] - The company generated $540 million in free cash flow during 1Q21[4] - Ovintiv expects 2021 to be the fourth consecutive year of free cash flow generation[5] - The company achieved a $156 million cash tax recovery in 1Q21[5] Capital Expenditure and Debt Reduction - The company reiterated its FY21 capex guidance of $1.5 billion[5] - Ovintiv exceeded its divestiture target with over $1.1 billion in asset sales[7,8] - The company is accelerating debt reduction, targeting $4.5 billion in debt by 1H22[7,8] - YE21 debt is projected to drop to approximately $4.7 billion at $60/bbl WTI oil[8] Production and Efficiency - 1Q21 crude and condensate production averaged 198 Mbbls/d[5] - Natural gas production in 1Q21 was 1,576 MMcf/d[5] - NGLs (C2-C4) production in 1Q21 was 78 Mbbls/d[5] - The company is reaffirming its $1.5 billion FY21 capex guidance despite inflationary pressures, due to innovation and efficiencies[11] - The company is maintaining its crude and condensate production guidance at approximately 190 Mbbls/d post asset sales[7,66] - The company is targeting a 33% reduction in methane intensity by 2025[26,54] - Flared and vented gas was less than 0.40% of sales gas in 1Q21[7,55]

Ovintiv, Inc. (NYSE:OVV) Q1 2021 Earnings Conference Call April 29, 2021 11:00 AM ET Company Participants Stephen Campbell - SVP, IR Douglas Suttles - CEO & Director Corey Code - EVP & CFO Gregory Givens - EVP & COO Brendan McCracken - President Conference Call Participants Neil Mehta - Goldman Sachs Group Brian Downey - Citigroup Jeanine Wai - Barclays Bank Neal Dingmann - Truist Securities Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to Ovintiv's 2021 First Quarter Resul ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39191 Ovintiv Inc. (Exact name of registrant as specified in its charter) Delaware 84-4427672 (State or other jurisdiction of incorporation or organization) (I.R. ...

4Q & YE20 Results Conference Call 1 ْ ⁄ ⁄ ⁄ Ovintiv $1.74 FY20 Capex ($B) Strong 2020 finish 2020 Highlights Through Cycle Stability Reduced Debt ~$285 2020 Free Cash FlowŦ Generation ($ MM) Third consecutive year of Free Cash Flow Generation Excludes ~$90 MM of one-time costs associated with work force reduction Drove Capital Efficiency Delivered Results Pre-Release: ~$1.75 Guidance : <$1.8 >$480 Debt Reduction Since 2Q20 ($ MM) $257 MM reduction in 4Q20 215 4Q20 Crude & Condensate (Mbbls/d) Pre-Release: > ...

Ovintiv Inc. (NYSE:OVV) Q4 2020 Earnings Conference Call February 18, 2021 11:00 AM ET Company Participants Steve Campbell - Investor Relations Doug Suttles - Chief Executive Officer Corey Code - Executive Vice President & Chief Financial Officer Greg Givens - Executive Vice President & Chief Operating Officer Renee Zemljak - Executive Vice President, Midstream, Marketing & Fundamentals Conference Call Participants Jeanine Wai - Barclays Brian Singer - Goldman Sachs Asit Sen - Bank of America Gregory Pardy ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39191 Ovintiv Inc. (Exact name of registrant as specified in its charter) Delaware 84-4427672 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Iden ...

Goldman Sachs Global Energy Conference 1 January 2021 X Ovintiv Today's News | --- | --- | |----------------------------------------|-----------------------------------| | >210 4Q20 Crude & Condensate (Mbbls/d) | ~$1.75 FY20 Capex ($B) | | Beat 4Q20 guidance of 200 Mbbls/d | Beat FY20 guidance of <$1.8B | | Confidence in '21 "Stay-Flat" scenario | ~$1B below Feb '20 capex of $2.7B | | Operational Excellence | | Capital Efficiency ~$257 4Q20 Debt(1) Reduction ($ MM) ~$481 MM debt reduction in 2H20 Tracking > ...

Ovintiv Inc.(NYSE:OVV) Q3 2020 Earnings Conference Call October 29, 2020 11:00 AM ET Company Participants Steve Campbell - IR Doug Suttles - CEO Corey Code - EVP & CFO Brendan McCracken - EVP, Corporate Development & External Affairs Greg Givens - EVP & COO Conference Call Participants Arun Jayaram - JPMorgan Chase Jeanine Wai - Barclays Brian Singer - Goldman Sachs Asit Sen - Bank of America Neal Dingmann - SunTrust Securities Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome ...

3Q20 Results Conference Call 1 ْ ⁄ ⁄ Ovintiv NEW E&P MODEL DELIVERING 3Q20 Ahead of Plan Net DebtŦ Reduction $217 MM reduction QoQ Adj. EBITDAŦ $487 MM Cash FlowŦ $398 MM $1.53/ share Liquidity $3.1B Available to 2024 Beat 3Q20 Guidance 186 Mbbls/d oil & condy 180 Mbbls/d guidance Free Cash FlowŦ $47 MM @ ~$41/bbl WTI | --- | --- | |-------|---------------------| | | | | | | | | | | | >$200 MM Savings | | | Delivering the plan | | '20 | $300 MM '21 savings | (1) Ŧ Non-GAAP measures defined in advisories. Fo ...