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Ovintiv Inc.

Ovintiv Inc. Renews Share Buyback Program

| 8-K |Energy

Summary

On September 29, 2025, Ovintiv Inc. announced the renewal of its share buyback program, as approved by the Toronto Stock Exchange. The program authorizes the purchase of up to 22,287,709 common shares, representing 10% of its public float, over a 12-month period from October 3, 2025, to October 2, 2026. Purchases will be executed on various exchanges and trading systems, adhering to volume limitations and market conditions. This initiative is in line with Ovintiv's strategy to return at least 50% of its post-base dividend non-GAAP free cash flow to shareholders.

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About Ovintiv Inc.

Ovintiv Inc. is a prominent North American energy production company that primarily focuses on the exploration, development, and production of oil, natural gas, and natural gas liquids. With a strong emphasis on sustainable growth and operational excellence, Ovintiv leverages advanced technology and innovative practices to enhance resource recovery and efficiency. The company's significant operations are distributed across prolific basins in the United States and Canada, including the Permian Basin, Montney, Anadarko, and Bakken regions, which are renowned for their rich hydrocarbon deposits. Ovintiv plays a crucial role in the energy sector by contributing to energy security and economic growth. The company is committed to reducing its environmental footprint through initiatives such as emissions reduction and water management strategies, aligning with broader industry trends towards sustainability. Through its dynamic approach to energy production, Ovintiv Inc. continues to be a significant player in the global energy markets, influencing energy supply dynamics and supporting technological advancements in resource extraction.

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