• Ovintiv average pre-tax profit margin for 2023 was 27.33%, a 19.14% decline from 2022.
• Ovintiv average pre-tax profit margin for 2022 was 22.94%, a 161.12% increase from 2021.
• Ovintiv average pre-tax profit margin for 2021 was -37.53%, a 29.8% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.