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Investor Presentaiton

Ovintiv™ Track Record of Environmental Leadership Scope 1&2 GHG Intensity Reduction Target ΣΣ 50% Intensity Reduction¹ (from '19 - '30) Achieved 24% Reduction Through '21; Gross Annual Reduction of >2 MM Metric Tons of CO₂e Tied to Compensation For All Employees >50% Methane Intensity Reduction² in '21 vs. '19 Leading LDAR Program Venting & Flaring (<0.4% FY21 & YTD22) Replacing High-Bleed Devices Real-time Emissions Tracking 2022 Sustainability Report Out Fully Aligned with World Bank's Zero Routine Flaring Initiative TCFD Reporting Aligned with Task Force on Climate-related (9-yrs ahead of WB's 2030 Target) Financial Disclosure (TCFD) 1) Measured in Tons CO₂e / MBOE. 2) Measured in Tons CH4/MBOE. SASB Utilizing Sustainability Accounting Standards Board (SASB) guidance 18yrs of Transparent Sustainability Reporting 8th Consecutive Safest Year in '21 19
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