Commodity Price Risk - The company reported a commodity price risk exposure, with a potential unrealized loss of $120 million for oil prices and $52 million for natural gas prices under a 10% price decrease scenario[268]. - The company’s realized pricing is primarily driven by the prevailing worldwide price for oil and spot market prices for natural gas, indicating significant volatility in revenues[268]. Interest Rate Sensitivity - As of March 31, 2024, the company had $745 million in floating rate revolving credit and term loan borrowings, with a sensitivity of $7 million for each 1% change in interest rates[277]. Foreign Currency Exchange Risk - A 10% fluctuation in foreign currency exchange rates could result in unrealized gains of $124 million or losses of $152 million impacting pre-tax net earnings[275]. - The company has entered into $301 million notional U.S. dollar denominated currency swaps at an average exchange rate of C$1.3622 to US$, maturing monthly through the remainder of 2024[273]. - The company’s capital investment and operational expenses are subject to fluctuations in foreign exchange rates, impacting overall financial results[272]. Market Risk Management - The company is actively managing its exposure to market risks through various derivative financial instruments, including futures and options[268]. Operational Efficiency and Innovation - The company anticipates continued focus on technology and innovation, including advanced drilling techniques, to enhance operational efficiency and production[23]. - The company has outlined expectations for future production and commodity mix, emphasizing the importance of market conditions in strategic planning[23]. ESG Commitment - The company is committed to achieving its stated ESG goals and managing financial ratios to comply with covenants, reflecting a focus on sustainable practices[23].

Exhibit 99.2 Ovintiv Inc. Selected Financial Information (unaudited) For the period ended March 31, 2024 U.S. Dollar / U.S. Protocol Condensed Consolidated Statement of Earnings (unaudited) | | | | Three Months Ended | | | --- | --- | --- | --- | --- | | | | | March 31, | | | (US$ millions, except per share amounts) | | 2024 | | 2023 | | Revenues | | | | | | Product and service revenues | $ | 2,387 | $ | 2,592 | | Gains (losses) on risk management, net | | (54 ) | | (58 ) | | Sublease revenues | | 19 | | 17 ...

DENVER, May 6, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced that the following matters, as further described in the Company's Proxy Statement filed on March 21, 2024 (the "Proxy Statement"), were voted upon at its 2024 Annual Meeting of Shareholders held on May 2, 2024. Election of Directors Each director listed in the Proxy Statement was elected as a director of the Company. The results of the vote by ballot were as follows: Shares For Percent Shares Against ...

Investors are always looking for stocks that are poised to beat at earnings season and Ovintiv Inc. (OVV) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Ovintiv is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator ...

```markdown [Selected Financial Information](index=1&type=section&id=Selected%20Financial%20Information) Presents consolidated financial statements, including earnings, balance sheet, and cash flow data for recent fiscal years [Condensed Consolidated Statement of Earnings](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Earnings) Ovintiv's 2023 revenues decreased to $10.88 billion, with net earnings falling to $2.09 billion from $3.64 billion in 2022 Consolidated Statement of Earnings (2021-2023) | For the years ended December 31 (US$ millions, except per share) | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | **Total Revenues** | $10,883 | $12,464 | $8,658 | | **Operating Income** | $2,864 | $3,853 | $1,519 | | **Net Earnings (Loss)** | $2,085 | $3,637 | $1,416 | | **Diluted Net Earnings per Share** | $7.90 | $14.08 | $5.32 | [Condensed Consolidated Balance Sheet](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheet) Total assets grew to $19.99 billion in 2023, driven by increased property, plant, and equipment and long-term debt Consolidated Balance Sheet Highlights (as of Dec 31) | (US$ millions) | 2023 | 2022 | | :--- | :--- | :--- | | **Total Current Assets** | $1,676 | $1,695 | | **Property, plant and equipment, net** | $14,640 | $9,468 | | **Total Assets** | $19,987 | $15,056 | | **Total Current Liabilities** | $2,812 | $2,780 | | **Long-Term Debt** | $5,453 | $3,177 | | **Total Liabilities** | $9,617 | $7,367 | | **Total Shareholders' Equity** | $10,370 | $7,689 | [Condensed Consolidated Statement of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Operating cash flow increased to $4.17 billion, while investing activities used $5.52 billion due to a corporate acquisition Consolidated Statement of Cash Flows (2021-2023) | For the years ended December 31 (US$ millions) | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | **Cash From Operating Activities** | $4,167 | $3,866 | $3,129 | | **Cash From (Used in) Investing Activities** | $(5,519) | $(1,786) | $(525) | | *Corporate acquisition, net of cash acquired* | *$(3,225)* | *-* | *-* | | **Cash From (Used in) Financing Activities** | $1,359 | $(2,268) | $(2,419) | | **Increase (Decrease) in Cash** | $(2) | $(190) | $185 | [Supplemental Information](index=6&type=section&id=Supplemental%20Information) Provides additional financial and operational metrics, including non-GAAP results, production volumes, and segment-specific performance [Financial Results & Metrics](index=7&type=section&id=Financial%20Results%20%26%20Metrics) Non-GAAP Adjusted Earnings were $1.81 billion, while Non-GAAP Cash Flow decreased, and leverage metrics increased Annual Financial Performance (GAAP vs. Non-GAAP) | (US$ millions) | 2023 | 2022 | | :--- | :--- | :--- | | Net Earnings (Loss) | $2,085 | $3,637 | | Non-GAAP Adjusted Earnings | $1,810 | $1,769 | | Cash From Operating Activities | $4,167 | $3,866 | | Non-GAAP Cash Flow | $3,899 | $4,110 | Key Financial Metrics | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Debt to Capitalization | 36% | 32% | | Debt to Adjusted Capitalization | 24% | 19% | | Debt to EBITDA | 1.2x | 0.7x | | Debt to Adjusted EBITDA | 1.3x | 0.8x | [Operating Performance](index=8&type=section&id=Operating%20Performance) Total production rose to 565.6 MBOE/d in 2023, but netback decreased to $24.22/BOE due to lower commodity prices [Results by Play](index=14&type=section&id=Results%20by%20Play) Permian basin production increased to 167.3 MBOE/d with $1.44 billion in capex, while the Bakken asset was divested [Non-GAAP Definitions and Reconciliations](index=19&type=section&id=Non-GAAP%20Definitions%20and%20Reconciliations) Details the reconciliation of GAAP to non-GAAP financial measures, including adjusted earnings, cash flow, and leverage ratios [Non-GAAP Reconciliations](index=20&type=section&id=Non-GAAP%20Reconciliations) Reconciles GAAP to non-GAAP measures, showing $3.90 billion Non-GAAP Cash Flow and $1.81 billion Adjusted Earnings Reconciliation to Non-GAAP Free Cash Flow (YTD 2023) | (US$ millions) | Amount | | :--- | :--- | | Cash from Operating Activities | $4,167 | | *Adjustments for working capital, etc.* | $(268) | | **Non-GAAP Cash Flow** | **$3,899** | | Deduct: Capital expenditures | $(2,744) | | **Non-GAAP Free Cash Flow** | **$1,155** | Reconciliation to Non-GAAP Adjusted Earnings (YTD 2023) | (US$ millions) | Amount | | :--- | :--- | | Net Earnings Before Income Tax | $2,510 | | *Adjustments for unrealized gains, etc.* | $(192) | | **Adjusted Earnings Before Income Tax** | **$2,318** | | Income tax expense | $(508) | | **Non-GAAP Adjusted Earnings** | **$1,810** | Reconciliation to Adjusted EBITDA (YTD 2023) | (US$ millions) | Amount | | :--- | :--- | | Net Earnings (Loss) | $2,085 | | Add back: DD&A | $1,825 | | Add back: Interest | $355 | | Add back: Income tax expense | $425 | | **EBITDA** | **$4,690** | | *Other adjustments* | $(176) | | **Adjusted EBITDA** | **$4,514** | ```

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, 2023 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) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Suit ...

Financial Data and Key Metrics Changes - The company reported earnings per share of $1.47 and cash flow per share of $4.02, meeting consensus estimates [42] - Free cash flow generated in the quarter was $278 million, with approximately $127 million returned to shareholders through share buybacks and dividends [42] - Total debt at quarter end was just over $6.1 billion, with a leverage ratio of 1.5 times, and the company remains committed to a mid-cycle leverage target of 1 times or about $4 billion [18] Business Line Data and Key Metrics Changes - The company brought on 116 net wells, exceeding plans by 16, with 15 of those in the Permian [7] - The average oil IP30 for wells on recently acquired acreage exceeded the 2022 and 2023 Midland basin average, with approximately 20 wells showing IP30 oil rates of more than 1,100 barrels per day [11] - The Uinta basin's recent nine-well Tomlin pad achieved an IP30 rate of 1,490 barrels of oil per day per well, outperforming the Delaware basin by almost 10% [48] Market Data and Key Metrics Changes - Year-to-date, the company realized 97% of WTI prices for its products, making the Montney competitive with top oil basins in North America [23] - The Uinta basin margin is now consistent with the Permian basin margin, enhancing margin stability [80] Company Strategy and Development Direction - The company focuses on deepening premium inventory and generating durable returns through innovation and operational efficiency [15][28] - The strategy includes a commitment to distribute at least 50% of post-dividend free cash flow to shareholders, with the remaining 50% allocated to debt reduction [9] - The company is actively testing high-potential locations identified during the acquisition and expects to see improved well performance and capital efficiency [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operational execution and the ability to stabilize production at 200,000 barrels per day in the second quarter of 2024 [20] - The company has raised its full-year 2023 production guidance and narrowed the range for capital spending, indicating improved capital efficiency [50] - Management emphasized the importance of consistent execution and innovation in driving operational and financial success [16][28] Other Important Information - The company has integrated the Permian acquisition ahead of schedule and accelerated the timeline for wells in progress [44] - The Trimulfrac technology is expected to reduce cycle time and save costs, with significant savings observed in recent completions [22][95] Q&A Session Summary Question: Future potential project size changes in the Permian - Management indicated that consistent lateral lengths and well spacing will be maintained, with strong well performance expected without upspacing [31][32] Question: Thoughts on accelerating shareholder payout - Management plans to maintain a 50-50 approach to shareholder returns and debt reduction, focusing on generating more free cash flow [34] Question: Productivity and efficiency gains for 2024 - Management confirmed that projections for 2024 remain stable at 200,000 barrels per day, with no changes to the basis for this projection [37][62] Question: Evolution of Simulfrac to Trimulfrac - Management explained that Trimulfrac builds on previous innovations, enhancing capital efficiency and returns [69][75] Question: Update on Montney assets and capital allocation - Management stated that 20% of capital will be deployed in the Montney, focusing on the oil window, with plans for future gas market access [77] Question: Clarification on base decline rates and D&C costs - Management highlighted efforts to reduce base decline rates and indicated that costs are similar to pre-pandemic levels, except for tubulars [82][85]

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 September 30, 2023 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) ( ...

2Q23 Results Conference Call Certain measures in this presentation do not have any standardized meaning as prescribed by U.S. GAAP and, therefore, are considered non-GAAP measures. These measures may not be comparable to similar measures presented by other companies and should not be viewed as a substitute for measures reported under U.S. GAAP. These measures are commonly used in the oil and gas industry and/or by Ovintiv to provide shareholders and potential investors with additional information regarding ...

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 June 30, 2023 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 ...