Arun Jayaram

Neil Mehta

Gabriel Daoud

Kaleinoheaokealaula Akamine

Douglas George Blyth Leggate

Doug Leggate

Geoff Jay

Kevin MacCurdy

Neal Dingmann

Phillips Johnston

David Deckelbaum

Dennis Fong

Greg Pardy

John Daniel

Josh Silverstein

Joshua Silverstein

Kalei Akamine

Phillip Jungwirth

- Ovintiv Inc. has renewed its normal course issuer bid (NCIB) to repurchase up to **22,287,709 common shares**, representing **10 percent of its public float** as of September 26, 2025.  **[1792580_0001193125-25-223418_ovv-20250929.htm:0]** **[1792580_0001193125-25-223418_ovv-ex99_1.htm:1]** 
- This new buyback program will commence on **October 3, 2025**, and conclude on **October 2, 2026**.  **[1792580_0001193125-25-223418_ovv-20250929.htm:0]** **[1792580_0001193125-25-223418_ovv-ex99_1.htm:1]** 
- Under its previous NCIB, which ends October 2, 2025, Ovintiv purchased **7,836,011 common shares** at a weighted average price of **US$38.80 per common share**.  **[1792580_0001193125-25-223418_ovv-ex99_1.htm:1]** 
- The renewal is consistent with Ovintiv's capital allocation framework, which aims to return at least **50 percent of post base dividend Non-GAAP Free Cash Flow to shareholders**.  **[1792580_0001193125-25-223418_ovv-ex99_1.htm:1]**

Ovintiv Renews Annual Share Buy-Back Program

- Ovintiv Inc. has received regulatory approvals for the renewal of its share buy-back program, aligning with its capital allocation framework to return at least **50 percent of post base dividend Non-GAAP Free Cash Flow to shareholders**.  **[1792580_20250929CA85986:0]** 
- The Toronto Stock Exchange (TSX) accepted Ovintiv's notice to renew its normal course issuer bid (NCIB) to purchase up to **22,287,709 common shares**.  **[1792580_20250929CA85986:0]** 
- This authorized amount represents **10 percent of Ovintiv's public float** as of September 26, 2025, and the program will run for 12 months, commencing **October 3, 2025**, and ending **October 2, 2026**.  **[1792580_20250929CA85986:0]** 
- Under its existing NCIB, which commenced October 3, 2024, Ovintiv has purchased **7,836,011 common shares** at a weighted average purchase price of **US$38.80 per common share**.  **[1792580_20250929CA85986:0]**

Ovintiv (OVV)