Investor Presentaiton

Ovintiv™ Leading Innovator on Key Drivers of ROIC 1st Innovations stack together to deliver differentiated performance Drilling & Completion Execution Simul-Frac⚫Wet Sand Drilling Speed Supply Chain Sophistication De-risked Procurement Unmatched Logistics Execution Effective Cube Development More NPV per Acre ⚫ Higher ROIC Permian Case Study - Real-Time Innovation Challenge: Sand Trucking Shortage In 1Q22 Solution: Step Change in Onsite Sand Inventory BY THE NUMBERS >1 Mile of Lateral Completed per Day per Location Truck Made Possible Through Stacked Innovation Every 4 Minutes 200,000 Bbl/d of Frac Water Pumped per Location Note: ROIC reflects Return on Invested Capital. 6 CO

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