Ovintiv Inc operates within the Crude petroleum and natural gas sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Ovintiv Inc with three other
companies in this sector in CANADA :
Meg Energy Corporation
sales of 2.29 billion Canadian Dollars [US$1.81 billion]
of which 100%
was Oil and Gas),
Tourmaline Oil Corp
(2.22 billion Canadian Dollars [US$1.75 billion]
of which 65%
was Natural Gas), and
Seven Generations Energy Ltd
(2.26 billion Canadian Dollars [US$1.78 billion]
of which 61%
Sales were up sharply during the second
quarter of 2021 versus the previous year's second quarter.
During the second
quarter of 2021, sales at Ovintiv Inc totalled
an increase of 119.1%
from the C$1.39 billion in sales at the company during the second quarter of 2020.
This was the largest same quarter increase in sales since the second
quarter of 2017.
During the first two
quarters of 2021, sales totalled C$5.93 billion, which is
than through the first two quarters of 2020.
During the year ended December of 2020, sales at
Ovintiv Inc were C$7.47 billion (US$5.89 billion).
decrease of 20.3%
versus 2019, when the company's sales were C$9.38 billion.
Contributing to the drop in overall sales was the 25.1% decline
in Usa Operations, from C$5.72 billion to C$4.28 billion.
There were also decreases in sales in
Canadian Operations (down 15.6% to C$2.08 billion)
However, these declines were partially offset by the increase in sales of
Market Optimization (up 28.0% to C$1.96 billion)