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Ovintiv Inc. Announces Results of Its Annual Shareholders Meeting

Denver, CO — May 5, 2025
Ovintiv Inc. (NYSE: OVV) (TSX: OVV) has recently outlined the results of its annual shareholder meeting, held on May 1, 2025. The company provided an overview of key votes, including the election of directors and approval of compensation for executive officers.

Election of Directors

The company reported that all director candidates listed in the Proxy Statement filed on March 20, 2025, were successfully elected. The voting results displayed overwhelming support for each nominee:

• - Peter A. Dea: 194,971,146 shares (95.40%) for, 9,397,427 shares (4.59%) against.
• - Sippy Chhina: 203,825,808 shares (99.78%) for, with only 430,847 shares (0.21%) against.
• - Meg A. Gentle: Garnered 201,529,881 shares in favor (98.60%) against 2,842,045 shares opposed (1.39%).

The support for the directors demonstrates a commitment to the board's strategic direction, with high approval rates across the board. Other directors who received similar backing included Ralph Izzo (97.73%), Terri G. King (99.81%), and Howard J. Mayson (99.07%).

Advisory Vote on Executive Compensation

In addition to board elections, a significant non-binding advisory vote concerning the compensation of named executive officers was conducted. Here are the results:

• - Votes in favor: 191,966,561 shares (93.96%)
• - Votes against: 12,334,085 shares (6.03%)
• - Abstentions: 235,771 shares

The positive result reflects a strong level of shareholder support for the company’s compensation practices, aligning executive incentives with shareholder interests.

Approval of the Third Amendment to the Omnibus Incentive Plan

Shareholders also voted on the Third Amendment to the Omnibus Incentive Plan, achieving:

• - Votes in favor: 198,139,344 (96.98%)
• - Votes against: 6,157,898 (3.01%)

This update to the incentive plan aims to enhance the company's competitiveness in attracting and retaining key talent.

Ratification of Independent Auditors

Further, the results for the ratification of PricewaterhouseCoopers LLP as the independent auditors were well received:

• - Votes in favor: 210,840,461 (96.24%)
• - Votes against: 8,214,984 (3.75%)

This strong endorsement demonstrates shareholder confidence in the integrity and transparency of Ovintiv's financial reporting and audit processes.

In conclusion, the results of Ovintiv Inc.'s 2025 Annual Meeting showcase an engaged shareholder base with a commitment to good governance practices. For more information about Ovintiv Inc., shareholders and interested parties are encouraged to visit their official website www.ovintiv.com or reach out through the provided contact details.

To stay updated on further announcements, investors can contact through the numbers provided in the announcement, ensuring they remain informed on future corporate developments and strategic directions.

Further inquiries can be directed to Investor contact at (888) 525-0304 or Media contact at (403) 645-2252.