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Ovintiv Surpasses Q3 Production and Cuts Debt

Story Highlights
  • Ovintiv achieved net earnings of $507 million and exceeded production guidance.
  • The company reduced its total debt by $210 million and returned $240 million to shareholders.
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Ovintiv Surpasses Q3 Production and Cuts Debt

Ovintiv (OVV) has released an update.

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Ovintiv Inc. reported strong third-quarter results, with net earnings of $507 million and a significant increase in production volume surpassing their guidance range. The company also reduced its total debt by $210 million and returned $240 million to shareholders through dividends and share buybacks.

For further insights into OVV stock, check out TipRanks’ Stock Analysis page.

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