Diverse, multi-basin operator Ovintiv’s production during the second quarter met or exceeded guidance across its commodity lines, positioning the firm this year to generate $1.9 billion in free cash flow and increase production expectations for a second time.
And, management says, they can do it again.
“Our second quarter results demonstrate our focus on strong, consistent operational execution,” said Ovintiv President and CEO Brendan McCracken during a July 31 conference call with investors. “We are converting that execution into bottom line results with durable returns on our invested capital.”