Ovintiv's Q3 adjusted profit more than doubles on rising oil and gas prices
OVV Ovintiv Inc
$61.60 +1.82%
View chart & analysis → - 1Ovintiv recorded an adjusted profit of $536 million in the third quarter.
- 2This is more than double Ovintiv's adjusted profit of $267 million in the same period last year.
- 3Ovintiv maintained its annual production and capital expenditure outlook.
So what's the key point?
Ovintiv's third-quarter profit exceeded $536 million due to rising oil and gas prices. Profits more than doubled compared to last year, as the company earned a significant amount of money.
Source Investing.com +2 · View original ↗
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