Ovintiv to Sell Anadarko Assets for $3 Billion

Ovintiv has reached an agreement to sell its Anadarko oil and natural gas assets for $3 billion in cash. Bloomberg posted on X, highlighting the transaction's significance in the energy sector. The buyer's identity remains undisclosed. This move is part of Ovintiv's strategy to streamline its portfolio and focus on core operations. The sale is expected to enhance the company's financial flexibility and support its long-term growth objectives. Further details about the transaction and its impact on Ovintiv's operations are anticipated in the coming months.