secwatch.observer — SEC 8-K summary
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Issuer:     Ovintiv Inc. (OVV)
CIK:        0001792580
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0000950170-24-021349
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ovintiv Q4 net earnings $856M, FY free cash flow $1.155B; 2024 outlook higher oil with less capital
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- Full year 2023 net earnings $2.085B; cash from operations $4.167B; non-GAAP free cash flow $1.155B.
- Q4 production 605 MBOE/d, above high end of guidance; oil/condensate 240 Mbbls/d.
- 2024 capital program $2.2-$2.4B to deliver total production 545-575 MBOE/d, oil/condensate 202-208 Mbbls/d.
- Returned $733M to shareholders in 2023 via buybacks ($426M) and dividends; declared $0.30/sh Q dividend.
- Added ~1,650 net premium drilling locations since 2021, ~1,100 in Permian; inventory now >7 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792580/000095017024021349/0000950170-24-021349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792580/000095017024021349/ovv-20240227.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-021349

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