Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets comprise Bakken in North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia, and Wheatland in southern Alberta. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.
Revenue of Ovintiv Inc. (OVV)
Revenue in 2023 (TTM): $10.73 B
According to Ovintiv Inc.'s latest financial reports the company's current revenue (TTM) is $10.73 B. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Ovintiv Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $10.73 B | $3.45 B | $4.65 B | $2.51 B | $2.09 B |
| 2022 | $12.46 B | $7.3 B | $5 B | $3.56 B | $3.64 B |
| 2021 | $8.66 B | $4.22 B | $2.78 B | $1.24 B | $1.42 B |
| 2020 | $6.09 B | $2.71 B | $2.44 B | $-5,730,000,000 | $-6,097,000,000 |
| 2019 | $6.73 B | $3.41 B | $3.42 B | $315 M | $234 M |
| 2018 | $5.94 B | $3.42 B | $3.13 B | $1.16 B | $1.07 B |
| 2017 | $4.44 B | $2.71 B | $1.22 B | $1.43 B | $827 M |
| 2016 | $2.92 B | $1.37 B | $1.17 B | $-1,620,000,000 | $-944,000,000 |
| 2015 | $4.42 B | $2.47 B | $1.63 B | $-8,010,000,000 | $-5,165,000,000 |
| 2014 | $8.02 B | $4.95 B | $4.01 B | $4.63 B | $3.39 B |
| 2013 | $5.86 B | $3.72 B | $2.46 B | $-12,000,000 | $236 M |
| 2012 | $5.16 B | $2.75 B | $2.24 B | $-4,831,000,000 | $-2,794,000,000 |
| 2011 | $8.47 B | $5.58 B | $5.18 B | $22 M | $5 M |
| 2010 | $8.87 B | $5.99 B | $5.65 B | $2.06 B | $1.5 B |
| 2009 | $11.11 B | $6.58 B | $6.05 B | $1.94 B | $1.86 B |
| 2008 | $30.06 B | $18.88 B | $13.39 B | $8.58 B | $5.94 B |
| 2007 | $21.45 B | $9.58 B | $8.8 B | $4.82 B | $3.96 B |
| 2006 | $16.4 B | $10.81 B | $9.98 B | $6.94 B | $5.65 B |
| 2005 | $14.27 B | $8.22 B | $7.41 B | $4.09 B | $3.43 B |
| 2004 | $11.81 B | $5.37 B | $4.69 B | $2.87 B | $3.51 B |
| 2003 | $10.22 B | $5.46 B | $4.01 B | $2.61 B | $2.36 B |
| 2002 | $6.36 B | $3.25 B | $2.69 B | $1.17 B | $776.75 M |
| 2001 | $6.34 B | $1.93 B | $1.83 B | $1.23 B | $818.93 M |