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Ovintiv turns to profit in Q1 2023

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Ovintiv turns to profit in Q1 2023

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Natural Gas News
Ovintiv turns to profit in Q1 2023

Summary

Natural gas production was modestly higher, liquids output remained steady. by: Dale Lunan

Denver-based producer Ovintiv said May 9 it had net earnings in Q1 2023 of $486mn, reversing a Q1 2022 net loss of $241mn. Cash from operat...

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Natural Gas & LNG News, Americas, Corporate, Financials

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Related Knowledge Center: Climate diplomacy

State of Play

Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates. 

Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.

The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21). 

Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29

 

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