• Ovintiv average return on tangible equity for 2023 was 59.08, a 38.97% decline from 2022.
• Ovintiv average return on tangible equity for 2022 was 96.8, a 192.74% decline from 2021.
• Ovintiv average return on tangible equity for 2021 was -104.38, a 25.44% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.