1Q22 Results Conference Call 1 XXX Ovintiv 2 Increasing Shareholder Returns • Doubling shareholder returns to 50% on Oct 1st generating ~10% Cash Return Yield1Ŧ • Announced 25% base dividend increase Prudent Balance Sheet Mgmt. • Announced $1B redemption of 2024 notes; April cash balance up by ~$400 MM to ~$680 MM • $3B Net DebtŦ achieved in 3Q222, will continue to optimize Net DebtŦ below $3B Driving ESG Progress • Published '22 sustainability report; achieving 18th consecutive year of transparent reportin ...