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Ovintiv sees mixed results in Q4, full year earnings

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Ovintiv sees mixed results in Q4, full year earnings

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Natural Gas News
Ovintiv sees mixed results in Q4, full year earnings

Summary

Adjusted earnings were higher, but net earnings were flat or down in Q4 and 2023. by: Dale Lunan

Denver-based producer Ovintiv said February 27 it had higher adjusted earnings in Q4 2023 and for the full year, but net earnings were essentially flat in the quarter and weaker for all of 2023. Adjusted earnings – which Ovintiv defines as net earnings excluding non-cash items – in Q4 increased...

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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