05:22 PM EDT, 09/29/2025 (MT Newswires) -- Ovintiv ( OVV ) on Monday said it received exchange approvals to renew its normal-course issuer bid for another 12 months.

The renewed NCIB program allows the company to buy back and cancel up to 22.3-million shares, 10% of its public float, during the 12 months ending on October 2, 2026.

The company highlighted that this action is consistent with its capital allocation framework, which returns at least 50% of post-dividend Non-GAAP free cash flows to shareholders.

Under its expiring NCIB Ovintiv repurchased 7.84 million of an allowed 25.92-million shares.

Shares of Ovintiv ( OVV ) closed down $3.58 to $56.68 on the Toronto Stock Exchange.