Investor Presentaiton

Ovintiv™ Successfully Maximizing Gas Realizations Permian Natural Gas Landscape Permian Firm Transport (FT)¹ Bal 22 2023 2024 Montney Natural Gas Landscape Montney Firm Transport (FT)¹ Bal 22 2023 2024 Permian Firm Transport USGC 147 109 109 Total FT 147 109 109 U.S. Gulf Coast (USGC) FT Extends Beyond 2024 ~100% Takeaway Capacity ~80% Physical Transport to Markets outside of Waha² 2Q22 Permian unhedged gas realizations: 91% of NYMEX 1) BBtu/d. Montney FT values are calculated from AECO. 2) Based on 2022 volumes and 2023 Firm Transport Montney More Capacity Added during 2Q22, begins Nov 1, 22 Sumas & Malin Dawn & Chicago Dawn 330 330 330 Sumas 21 21 21 Malin 113 113 113 Chicago 128 245 245 Total FT 592 709 709 FT Extends Beyond 2024 ~100% Takeaway Capacity ~65% Physical Transport to Markets outside of AECO² 2Q22 Montney unhedged gas realizations: 94% of NYMEX & ~135% of AECO 22 22

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