2023 Q4 Form 10-Q Financial Statement
#000095017023060397 Filed on November 07, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
Revenue | $3.166B | $2.649B | $3.549B |
YoY Change | -1.43% | -25.36% | 98.38% |
Cost Of Revenue | $904.0M | $1.178B | $1.310B |
YoY Change | -24.73% | -10.08% | 32.46% |
Gross Profit | $2.262B | $1.471B | $2.239B |
YoY Change | 12.48% | -34.3% | 179.88% |
Gross Profit Margin | 71.45% | 55.53% | 63.09% |
Selling, General & Admin | $513.0M | $513.0M | $571.0M |
YoY Change | -9.2% | -10.16% | 16.06% |
% of Gross Profit | 22.68% | 34.87% | 25.5% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $556.0M | $486.0M | $291.0M |
YoY Change | 98.57% | 67.01% | -2.02% |
% of Gross Profit | 24.58% | 33.04% | 13.0% |
Operating Expenses | $1.074B | $2.182B | $2.176B |
YoY Change | 26.95% | 0.28% | 174.06% |
Operating Profit | $1.188B | $467.0M | $1.373B |
YoY Change | 1.97% | -65.99% | 22783.33% |
Interest Expense | -$122.0M | $98.00M | $83.00M |
YoY Change | 117.86% | 18.07% | 7.79% |
% of Operating Profit | -10.27% | 20.99% | 6.05% |
Other Income/Expense, Net | $1.000M | $2.000M | $3.000M |
YoY Change | -50.0% | -33.33% | -50.0% |
Pretax Income | $1.067B | $393.0M | $1.274B |
YoY Change | -3.87% | -69.15% | -1894.37% |
Income Tax | $211.0M | -$13.00M | $88.00M |
% Of Pretax Income | 19.78% | -3.31% | 6.91% |
Net Earnings | $856.0M | $406.0M | $1.186B |
YoY Change | -35.88% | -65.77% | -1747.22% |
Net Earnings / Revenue | 27.04% | 15.33% | 33.42% |
Basic Earnings Per Share | $1.48 | $4.70 | |
Diluted Earnings Per Share | $3.10 | $1.47 | $4.63 |
COMMON SHARES | |||
Basic Shares Outstanding | 272.9M | 273.9M | 254.3M |
Diluted Shares Outstanding | 276.3M | 256.2M |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.000M | $3.000M | $18.00M |
YoY Change | -40.0% | -83.33% | 125.0% |
Cash & Equivalents | $3.000M | $3.000M | $18.00M |
Short-Term Investments | |||
Other Short-Term Assets | $59.00M | $50.00M | $1.000M |
YoY Change | -15.71% | 4900.0% | 0.0% |
Inventory | |||
Prepaid Expenses | $55.00M | ||
Receivables | $1.442B | $1.524B | $1.626B |
Other Receivables | $17.00M | $4.000M | $57.00M |
Total Short-Term Assets | $1.676B | $1.581B | $1.702B |
YoY Change | -1.12% | -7.11% | 28.16% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $14.64B | $14.52B | $9.053B |
YoY Change | 54.63% | 60.33% | 5.39% |
Goodwill | $2.599B | $2.585B | $2.576B |
YoY Change | 0.58% | 0.35% | -1.83% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.015B | $1.006B | $1.000B |
YoY Change | 1.1% | 0.6% | -8.59% |
Total Long-Term Assets | $18.31B | $18.32B | $12.67B |
YoY Change | 37.05% | 44.56% | 2.96% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.676B | $1.581B | $1.702B |
Total Long-Term Assets | $18.31B | $18.32B | $12.67B |
Total Assets | $19.99B | $19.90B | $14.37B |
YoY Change | 32.75% | 38.44% | 5.41% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.209B | $2.420B | $2.216B |
YoY Change | -0.54% | 9.21% | 18.76% |
Accrued Expenses | $87.00M | $81.00M | $69.00M |
YoY Change | 14.47% | 17.39% | 9.52% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $284.0M | $709.0M | $440.0M |
YoY Change | -27.74% | 61.14% | |
Total Short-Term Liabilities | $2.812B | $3.543B | $3.309B |
YoY Change | 1.15% | 7.07% | -1.25% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $5.453B | $5.454B | $3.178B |
YoY Change | 71.64% | 71.62% | -33.67% |
Other Long-Term Liabilities | $132.0M | $124.0M | $153.0M |
YoY Change | 0.76% | -18.95% | -28.84% |
Total Long-Term Liabilities | $5.585B | $5.578B | $3.331B |
YoY Change | 68.83% | 67.46% | -33.46% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.812B | $3.543B | $3.309B |
Total Long-Term Liabilities | $5.585B | $5.578B | $3.331B |
Total Liabilities | $9.617B | $10.35B | $7.824B |
YoY Change | 30.54% | 32.26% | -20.48% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $697.0M | -$77.00M | -$2.355B |
YoY Change | -164.48% | -96.73% | -59.58% |
Common Stock | $8.623B | $8.647B | $7.942B |
YoY Change | 10.85% | 8.88% | -7.18% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $10.37B | $9.552B | $6.550B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $19.99B | $19.90B | $14.37B |
YoY Change | 32.75% | 38.44% | 5.41% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $856.0M | $406.0M | $1.186B |
YoY Change | -35.88% | -65.77% | -1747.22% |
Depreciation, Depletion And Amortization | $556.0M | $486.0M | $291.0M |
YoY Change | 98.57% | 67.01% | -2.02% |
Cash From Operating Activities | $1.362B | $906.0M | $962.0M |
YoY Change | 55.66% | -5.82% | 18.47% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $660.0M | $834.0M | $511.0M |
YoY Change | 84.36% | 63.21% | 40.0% |
Acquisitions | $0.00 | $0.00 | |
YoY Change | |||
Other Investing Activities | -$134.0M | -$27.00M | -$34.00M |
YoY Change | -42.49% | -20.59% | 466.67% |
Cash From Investing Activities | -$794.0M | -$854.0M | -$264.0M |
YoY Change | 34.35% | 223.48% | -28.07% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -562.0M | -101.0M | -689.0M |
YoY Change | 89.23% | -85.34% | 23.7% |
NET CHANGE | |||
Cash From Operating Activities | 1.362B | 906.0M | 962.0M |
Cash From Investing Activities | -794.0M | -854.0M | -264.0M |
Cash From Financing Activities | -562.0M | -101.0M | -689.0M |
Net Change In Cash | 6.000M | -49.00M | 10.00M |
YoY Change | -146.15% | -590.0% | -108.77% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.362B | $906.0M | $962.0M |
Capital Expenditures | $660.0M | $834.0M | $511.0M |
Free Cash Flow | $702.0M | $72.00M | $451.0M |
YoY Change | 35.78% | -84.04% | 0.89% |
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4.73 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
8.84 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
273700000 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
252500000 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
255800000 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
255700000 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
276300000 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
256200000 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
259700000 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
260400000 | ||
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
406000000 | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1186000000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1229000000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
2302000000 | ||
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-59000000 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-94000000 | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-4000000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-125000000 | ||
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
2000000 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
1000000 | |
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
5000000 | ||
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
4000000 | ||
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-61000000 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-95000000 | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-9000000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-129000000 | ||
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
345000000 | |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1091000000 | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1220000000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2173000000 | ||
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3000000 | |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5000000 | |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
5000000 | |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
4000000 | |
CY2023Q3 | ovv |
Accounts Receivable And Accrued Revenues
AccountsReceivableAndAccruedRevenues
|
1524000000 | |
CY2022Q4 | ovv |
Accounts Receivable And Accrued Revenues
AccountsReceivableAndAccruedRevenues
|
1594000000 | |
CY2023Q3 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
50000000 | |
CY2022Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
53000000 | |
CY2023Q3 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
4000000 | |
CY2022Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
43000000 | |
CY2023Q3 | us-gaap |
Assets Current
AssetsCurrent
|
1581000000 | |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1695000000 | |
CY2023Q3 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
62950000000 | |
CY2022Q4 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
57054000000 | |
CY2023Q3 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
1569000000 | |
CY2022Q4 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
1172000000 | |
CY2023Q3 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
931000000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
882000000 | |
CY2023Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
65450000000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
59108000000 | |
CY2023Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
50935000000 | |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
49640000000 | |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14515000000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9468000000 | |
CY2023Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1006000000 | |
CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1004000000 | |
CY2023Q3 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
14000000 | |
CY2022Q4 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
34000000 | |
CY2023Q3 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
199000000 | |
CY2022Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
271000000 | |
CY2023Q3 | us-gaap |
Goodwill
Goodwill
|
2585000000 | |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
2584000000 | |
CY2023Q3 | us-gaap |
Assets
Assets
|
19900000000 | |
CY2022Q4 | us-gaap |
Assets
Assets
|
15056000000 | |
CY2023Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2420000000 | |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2221000000 | |
CY2023Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
81000000 | |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
76000000 | |
CY2023Q3 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
151000000 | |
CY2022Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
4000000 | |
CY2023Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
182000000 | |
CY2022Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
86000000 | |
CY2023Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
709000000 | |
CY2022Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
393000000 | |
CY2023Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3543000000 | |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2780000000 | |
CY2023Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
5454000000 | |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
3177000000 | |
CY2023Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
813000000 | |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
814000000 | |
CY2023Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
124000000 | |
CY2022Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
131000000 | |
CY2023Q3 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
4000000 | |
CY2022Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
0 | |
CY2023Q3 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
267000000 | |
CY2022Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
281000000 | |
CY2023Q3 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
143000000 | |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
184000000 | |
CY2023Q3 | us-gaap |
Liabilities
Liabilities
|
10348000000 | |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
7367000000 | |
CY2023Q3 | ovv |
Common And Preferred Stock Shares Authorized
CommonAndPreferredStockSharesAuthorized
|
775000000 | |
CY2022Q4 | ovv |
Common And Preferred Stock Shares Authorized
CommonAndPreferredStockSharesAuthorized
|
775000000 | |
CY2023Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
272900000 | |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
272900000 | |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
245700000 | |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
245700000 | |
CY2023Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
3000000 | |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
3000000 | |
CY2023Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
8644000000 | |
CY2022Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
7776000000 | |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-77000000 | |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1081000000 | |
CY2023Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
982000000 | |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
991000000 | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9552000000 | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7689000000 | |
CY2023Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
19900000000 | |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
15056000000 | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9316000000 | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
406000000 | |
CY2023Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.3 | |
CY2023Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
82000000 | |
CY2023Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
45000000 | |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
18000000 | |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-61000000 | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9552000000 | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5821000000 | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1186000000 | |
CY2022Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.25 | |
CY2022Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
62000000 | |
CY2022Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
325000000 | |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
25000000 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-95000000 | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6550000000 | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7689000000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1229000000 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.85 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
225000000 | ||
us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
373000000 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1169000000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
72000000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-9000000 | ||
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9552000000 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5074000000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2302000000 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.7 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
178000000 | ||
us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
531000000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
12000000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-129000000 | ||
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6550000000 | |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
406000000 | |
CY2022Q3 | us-gaap |
Profit Loss
ProfitLoss
|
1186000000 | |
us-gaap |
Profit Loss
ProfitLoss
|
1229000000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
2302000000 | ||
CY2023Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
486000000 | |
CY2022Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
291000000 | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1269000000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
833000000 | ||
CY2023Q3 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
5000000 | |
CY2022Q3 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
4000000 | |
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
14000000 | ||
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
14000000 | ||
CY2023Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-78000000 | |
CY2022Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
88000000 | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
33000000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
138000000 | ||
CY2023Q3 | ovv |
Unrealized Gain Loss On Derivatives Excluding Foreign Currency Derivatives
UnrealizedGainLossOnDerivativesExcludingForeignCurrencyDerivatives
|
-292000000 | |
CY2022Q3 | ovv |
Unrealized Gain Loss On Derivatives Excluding Foreign Currency Derivatives
UnrealizedGainLossOnDerivativesExcludingForeignCurrencyDerivatives
|
710000000 | |
ovv |
Unrealized Gain Loss On Derivatives Excluding Foreign Currency Derivatives
UnrealizedGainLossOnDerivativesExcludingForeignCurrencyDerivatives
|
-132000000 | ||
ovv |
Unrealized Gain Loss On Derivatives Excluding Foreign Currency Derivatives
UnrealizedGainLossOnDerivativesExcludingForeignCurrencyDerivatives
|
211000000 | ||
CY2023Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
19000000 | |
CY2022Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-20000000 | |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
14000000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-24000000 | ||
CY2023Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-2000000 | |
CY2022Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-12000000 | |
us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-5000000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-11000000 | ||
CY2023Q3 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-18000000 | |
CY2022Q3 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-57000000 | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
6000000 | ||
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-104000000 | ||
CY2023Q3 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
14000000 | |
CY2022Q3 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
17000000 | |
us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
31000000 | ||
us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
42000000 | ||
CY2023Q3 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
192000000 | |
CY2022Q3 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
-31000000 | |
us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
-174000000 | ||
us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
182000000 | ||
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
906000000 | |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
962000000 | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2805000000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2991000000 | ||
CY2023Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
834000000 | |
CY2022Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
511000000 | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2084000000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1473000000 | ||
CY2023Q3 | ovv |
Acquisitions
Acquisitions
|
59000000 | |
CY2022Q3 | ovv |
Acquisitions
Acquisitions
|
12000000 | |
ovv |
Acquisitions
Acquisitions
|
273000000 | ||
ovv |
Acquisitions
Acquisitions
|
34000000 | ||
CY2023Q3 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | |
CY2022Q3 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
3225000000 | ||
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | ||
CY2023Q3 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
12000000 | |
CY2022Q3 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
225000000 | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
741000000 | ||
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
230000000 | ||
CY2023Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-27000000 | |
CY2022Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-34000000 | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-116000000 | ||
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-82000000 | ||
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-854000000 | |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-264000000 | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4725000000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1195000000 | ||
CY2023Q3 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
29000000 | |
CY2022Q3 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
225000000 | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
316000000 | ||
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
440000000 | ||
CY2023Q3 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
0 | |
CY2022Q3 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
0 | |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
2278000000 | ||
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
0 | ||
CY2023Q3 | us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
0 | |
CY2022Q3 | us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
525000000 | |
us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
0 | ||
us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
1634000000 | ||
CY2023Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
45000000 | |
CY2022Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
325000000 | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
373000000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
531000000 | ||
CY2023Q3 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
82000000 | |
CY2022Q3 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
62000000 | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
225000000 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
178000000 | ||
CY2023Q3 | ovv |
Finance Lease Principal Payments And Other
FinanceLeasePrincipalPaymentsAndOther
|
3000000 | |
CY2022Q3 | ovv |
Finance Lease Principal Payments And Other
FinanceLeasePrincipalPaymentsAndOther
|
2000000 | |
ovv |
Finance Lease Principal Payments And Other
FinanceLeasePrincipalPaymentsAndOther
|
75000000 | ||
ovv |
Finance Lease Principal Payments And Other
FinanceLeasePrincipalPaymentsAndOther
|
68000000 | ||
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-101000000 | |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-689000000 | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1921000000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1971000000 | ||
CY2023Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
0 | |
CY2022Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1000000 | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-3000000 | ||
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-2000000 | ||
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-49000000 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
10000000 | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2000000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-177000000 | ||
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
52000000 | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8000000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5000000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
195000000 | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3000000 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18000000 | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3000000 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18000000 | |
CY2023Q3 | us-gaap |
Cash
Cash
|
3000000 | |
CY2022Q3 | us-gaap |
Cash
Cash
|
12000000 | |
CY2023Q3 | us-gaap |
Cash
Cash
|
3000000 | |
CY2022Q3 | us-gaap |
Cash
Cash
|
12000000 | |
CY2023Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | |
CY2022Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
6000000 | |
CY2023Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | |
CY2022Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
6000000 | |
CY2023Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
0 | |
CY2022Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
0 | |
CY2023Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
0 | |
CY2022Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
0 | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3000000 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18000000 | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3000000 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18000000 | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1274000000 | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-13000000 | |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
88000000 | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
406000000 | |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2913000000 | |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3643000000 | |
CY2023Q3 | us-gaap |
Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
|
-282000000 | |
CY2022Q3 | us-gaap |
Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
|
-111000000 | |
CY2023Q3 | ovv |
Sublease Rental Revenues
SubleaseRentalRevenues
|
18000000 | |
CY2022Q3 | ovv |
Sublease Rental Revenues
SubleaseRentalRevenues
|
17000000 | |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
2649000000 | |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
3549000000 | |
CY2023Q3 | us-gaap |
Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
|
89000000 | |
CY2022Q3 | us-gaap |
Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
|
109000000 | |
CY2023Q3 | ovv |
Transportation And Processing Costs
TransportationAndProcessingCosts
|
433000000 | |
CY2022Q3 | ovv |
Transportation And Processing Costs
TransportationAndProcessingCosts
|
468000000 | |
CY2023Q3 | us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
243000000 | |
CY2022Q3 | us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
228000000 | |
CY2023Q3 | ovv |
Purchased Product Costs
PurchasedProductCosts
|
846000000 | |
CY2022Q3 | ovv |
Purchased Product Costs
PurchasedProductCosts
|
973000000 | |
CY2023Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
486000000 | |
CY2022Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
291000000 | |
CY2023Q3 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
5000000 | |
CY2022Q3 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
4000000 | |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
80000000 | |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
103000000 | |
CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
2182000000 | |
CY2022Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
2176000000 | |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
467000000 | |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1373000000 | |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
98000000 | |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
83000000 | |
CY2023Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
22000000 | |
CY2022Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-19000000 | |
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2000000 | |
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3000000 | |
CY2023Q3 | ovv |
Non Operating Income Expenses
NonOperatingIncomeExpenses
|
74000000 | |
CY2022Q3 | ovv |
Non Operating Income Expenses
NonOperatingIncomeExpenses
|
99000000 | |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
393000000 | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1186000000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7857000000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
11064000000 | ||
us-gaap |
Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
|
-193000000 | ||
us-gaap |
Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
|
-1864000000 | ||
ovv |
Sublease Rental Revenues
SubleaseRentalRevenues
|
53000000 | ||
ovv |
Sublease Rental Revenues
SubleaseRentalRevenues
|
52000000 | ||
us-gaap |
Revenues
Revenues
|
7717000000 | ||
us-gaap |
Revenues
Revenues
|
9252000000 | ||
us-gaap |
Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
|
249000000 | ||
us-gaap |
Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
|
321000000 | ||
ovv |
Transportation And Processing Costs
TransportationAndProcessingCosts
|
1340000000 | ||
ovv |
Transportation And Processing Costs
TransportationAndProcessingCosts
|
1327000000 | ||
us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
624000000 | ||
us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
596000000 | ||
ovv |
Purchased Product Costs
PurchasedProductCosts
|
2239000000 | ||
ovv |
Purchased Product Costs
PurchasedProductCosts
|
3154000000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1269000000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
833000000 | ||
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
14000000 | ||
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
14000000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
306000000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
318000000 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
6041000000 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
6563000000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1676000000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2689000000 | ||
us-gaap |
Interest Expense
InterestExpense
|
249000000 | ||
us-gaap |
Interest Expense
InterestExpense
|
248000000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-0 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-21000000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
16000000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
30000000 | ||
ovv |
Non Operating Income Expenses
NonOperatingIncomeExpenses
|
233000000 | ||
ovv |
Non Operating Income Expenses
NonOperatingIncomeExpenses
|
239000000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1443000000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2450000000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
214000000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
148000000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
1229000000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
2302000000 | ||
CY2023Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
834000000 | |
CY2022Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
511000000 | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2084000000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1473000000 | ||
CY2023Q3 | us-gaap |
Goodwill
Goodwill
|
2585000000 | |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
2584000000 | |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14515000000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9468000000 | |
CY2023Q3 | us-gaap |
Assets
Assets
|
19900000000 | |
CY2022Q4 | us-gaap |
Assets
Assets
|
15056000000 | |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2913000000 | |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3643000000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7857000000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
11064000000 | ||
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
0 | |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
0 | |
CY2023Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
0 | |
CY2023Q3 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
0 | |
CY2023Q3 | us-gaap |
Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
|
1143000000 | |
CY2022Q4 | us-gaap |
Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
|
1257000000 | |
CY2023Q3 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
0 | |
us-gaap |
Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
|
As the period between when the product sales are transferred and Ovintiv receives payments is generally 30 to 60 days, there is no financing element associated with customer contracts. | ||
CY2023Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
105000000 | |
CY2022Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
79000000 | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
242000000 | ||
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
237000000 | ||
CY2023Q3 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
0 | |
CY2022Q3 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
1000000 | |
us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
1000000 | ||
us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
2000000 | ||
CY2023Q3 | ovv |
Interest Expense Recovery Other
InterestExpenseRecoveryOther
|
-7000000 | |
CY2022Q3 | ovv |
Interest Expense Recovery Other
InterestExpenseRecoveryOther
|
3000000 | |
ovv |
Interest Expense Recovery Other
InterestExpenseRecoveryOther
|
6000000 | ||
ovv |
Interest Expense Recovery Other
InterestExpenseRecoveryOther
|
9000000 | ||
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
98000000 | |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
83000000 | |
us-gaap |
Interest Expense
InterestExpense
|
249000000 | ||
us-gaap |
Interest Expense
InterestExpense
|
248000000 | ||
CY2023Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
19000000 | |
CY2022Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-20000000 | |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
14000000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-24000000 | ||
CY2023Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
22000000 | |
CY2022Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-19000000 | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-0 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-21000000 | ||
CY2023Q3 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
65000000 | |
CY2022Q3 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
181000000 | ||
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
10000000 | ||
CY2023Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-78000000 | |
CY2022Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
88000000 | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
33000000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
138000000 | ||
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-13000000 | |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
88000000 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
214000000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
148000000 | ||
CY2023Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.033 | |
CY2022Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.069 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.148 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.06 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.148 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.06 | ||
CY2023Q3 | ovv |
Acquisitions
Acquisitions
|
59000000 | |
CY2022Q3 | ovv |
Acquisitions
Acquisitions
|
12000000 | |
ovv |
Acquisitions
Acquisitions
|
273000000 | ||
ovv |
Acquisitions
Acquisitions
|
34000000 | ||
CY2023Q3 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
12000000 | |
CY2022Q3 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
225000000 | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
741000000 | ||
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
230000000 | ||
CY2023Q3 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
47000000 | |
CY2022Q3 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
-213000000 | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
-468000000 | ||
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
-196000000 | ||
CY2023Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
65450000000 | |
CY2023Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
50935000000 | |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14515000000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
59108000000 | |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
49640000000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9468000000 | |
ovv |
Internal Costs Capitalized
InternalCostsCapitalized
|
118000000 | ||
ovv |
Internal Costs Capitalized
InternalCostsCapitalized
|
135000000 | ||
ovv |
Operating Sublease Income Undiscounted Remainder Of Fiscal Year
OperatingSubleaseIncomeUndiscountedRemainderOfFiscalYear
|
13000000 | ||
ovv |
Operating Sublease Income Due Year One
OperatingSubleaseIncomeDueYearOne
|
51000000 | ||
ovv |
Operating Sublease Income Due Year Two
OperatingSubleaseIncomeDueYearTwo
|
51000000 | ||
ovv |
Operating Sublease Income Due Year Three
OperatingSubleaseIncomeDueYearThree
|
51000000 | ||
ovv |
Operating Sublease Income Due Year Four
OperatingSubleaseIncomeDueYearFour
|
46000000 | ||
ovv |
Operating Sublease Income Due Year Thereafter
OperatingSubleaseIncomeDueYearThereafter
|
411000000 | ||
ovv |
Operating Sublease Income
OperatingSubleaseIncome
|
623000000 | ||
CY2023Q3 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
13000000 | |
us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
37000000 | ||
CY2022Q3 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
12000000 | |
us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
37000000 | ||
CY2023Q3 | us-gaap |
Variable Lease Income
VariableLeaseIncome
|
5000000 | |
us-gaap |
Variable Lease Income
VariableLeaseIncome
|
16000000 | ||
CY2022Q3 | us-gaap |
Variable Lease Income
VariableLeaseIncome
|
5000000 | |
us-gaap |
Variable Lease Income
VariableLeaseIncome
|
15000000 | ||
CY2023Q3 | ovv |
Revolving Credit Facility And Commercial Paper
RevolvingCreditFacilityAndCommercialPaper
|
709000000 | |
CY2022Q4 | ovv |
Revolving Credit Facility And Commercial Paper
RevolvingCreditFacilityAndCommercialPaper
|
393000000 | |
CY2023Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
6185000000 | |
CY2022Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
3569000000 | |
CY2023Q3 | ovv |
Increase In Value Of Debt Acquired
IncreaseInValueOfDebtAcquired
|
23000000 | |
CY2022Q4 | ovv |
Increase In Value Of Debt Acquired
IncreaseInValueOfDebtAcquired
|
27000000 | |
CY2023Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
45000000 | |
CY2022Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
26000000 | |
CY2023Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
6163000000 | |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
3570000000 | |
CY2023Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
709000000 | |
CY2022Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
393000000 | |
CY2023Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
5454000000 | |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
3177000000 | |
CY2023Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
6163000000 | |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
3570000000 | |
CY2022Q3 | ovv |
Debt Instrument Repurchased During Period Face Amount
DebtInstrumentRepurchasedDuringPeriodFaceAmount
|
504000000 | |
ovv |
Debt Instrument Repurchased During Period Face Amount
DebtInstrumentRepurchasedDuringPeriodFaceAmount
|
65000000 | ||
CY2023Q3 | us-gaap |
Line Of Credit
LineOfCredit
|
350000000 | |
CY2023Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
6163000000 | |
CY2023Q3 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
6097000000 | |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
3570000000 | |
CY2022Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
3648000000 | |
CY2023Q3 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
22000000 | |
CY2022Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
27000000 | |
CY2023Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
5000000 | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2023Q3 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
77000000 | |
CY2022Q4 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
73000000 | |
CY2023Q3 | us-gaap |
Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
|
0 | |
CY2022Q4 | us-gaap |
Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
|
14000000 | |
CY2023Q3 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
20000000 | |
CY2022Q4 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
12000000 | |
CY2023Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
124000000 | |
CY2022Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
131000000 | |
CY2023Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
750000000 | |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | |
CY2023Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
245700000 | |
CY2022Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
3000000 | |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
258000000 | |
CY2021Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
3000000 | |
us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
8700000 | ||
CY2022 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
14700000 | |
us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
35900000 | ||
CY2022 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
2400000 | |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
272900000 | |
CY2023Q3 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
3000000 | |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
245700000 | |
CY2022Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
3000000 | |
CY2023Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.30 | |
CY2023Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
82000000 | |
CY2022Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.25 | |
CY2022Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
62000000 | |
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.85 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
225000000 | ||
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.70 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
178000000 | ||
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
406000000 | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1186000000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1229000000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
2302000000 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
273700000 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
252500000 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
255800000 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
255700000 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
2600000 | |
CY2022Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3700000 | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3900000 | ||
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
4700000 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
276300000 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
256200000 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
259700000 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
260400000 | ||
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.48 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.7 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.8 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
9 | ||
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.47 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.63 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.73 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
8.84 | ||
CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
992000000 | |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
1013000000 | |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
937000000 | |
CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
1044000000 | |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-59000000 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-94000000 | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-4000000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-125000000 | ||
CY2023Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
933000000 | |
CY2022Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
919000000 | |
CY2023Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
933000000 | |
CY2022Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
919000000 | |
CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-51000000 | |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-45000000 | |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-54000000 | |
CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-48000000 | |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
2000000 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
1000000 | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
6000000 | ||
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
5000000 | ||
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
|
0 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
|
0 | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
|
1000000 | ||
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
|
1000000 | ||
CY2023Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-49000000 | |
CY2022Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-44000000 | |
CY2023Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-49000000 | |
CY2022Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-44000000 | |
CY2023Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
982000000 | |
CY2022Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
963000000 | |
CY2023Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
982000000 | |
CY2022Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
963000000 | |
CY2023Q3 | ovv |
Compensation Costs Recorded For Cash Settled Transactions
CompensationCostsRecordedForCashSettledTransactions
|
3000000 | |
CY2022Q3 | ovv |
Compensation Costs Recorded For Cash Settled Transactions
CompensationCostsRecordedForCashSettledTransactions
|
28000000 | |
ovv |
Compensation Costs Recorded For Cash Settled Transactions
CompensationCostsRecordedForCashSettledTransactions
|
21000000 | ||
ovv |
Compensation Costs Recorded For Cash Settled Transactions
CompensationCostsRecordedForCashSettledTransactions
|
118000000 | ||
CY2023Q3 | ovv |
Compensation Costs Recorded For Equity Settled Transactions
CompensationCostsRecordedForEquitySettledTransactions
|
22000000 | |
CY2022Q3 | ovv |
Compensation Costs Recorded For Equity Settled Transactions
CompensationCostsRecordedForEquitySettledTransactions
|
26000000 | |
ovv |
Compensation Costs Recorded For Equity Settled Transactions
CompensationCostsRecordedForEquitySettledTransactions
|
67000000 | ||
ovv |
Compensation Costs Recorded For Equity Settled Transactions
CompensationCostsRecordedForEquitySettledTransactions
|
57000000 | ||
CY2023Q3 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
-7000000 | |
CY2022Q3 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
-8000000 | |
us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
-20000000 | ||
us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
-24000000 | ||
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
18000000 | |
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
46000000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
26000000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
151000000 | ||
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
18000000 | |
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
46000000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
26000000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
151000000 | ||
CY2023Q3 | us-gaap |
Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
|
17000000 | |
CY2022Q4 | us-gaap |
Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
|
153000000 | |
CY2023Q3 | us-gaap |
Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
|
17000000 | |
CY2022Q4 | us-gaap |
Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
|
139000000 | |
CY2023Q3 | us-gaap |
Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
|
0 | |
CY2022Q4 | us-gaap |
Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
|
14000000 | |
us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-1000000 | ||
us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-2000000 | ||
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
18000000 | ||
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
17000000 | ||
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
17000000 | ||
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
15000000 | ||
us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
2000000 | ||
us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
2000000 | ||
us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
7000000 | ||
us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
5000000 | ||
us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
4000000 | ||
us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
4000000 | ||
us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
6000000 | ||
us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
5000000 | ||
us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-1000000 | ||
us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-2000000 | ||
CY2022Q4 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
12000000 | |
CY2021Q4 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-172000000 | |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-122000000 | ||
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-435000000 | ||
ovv |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales And Issuances
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesAndIssuances
|
0 | ||
ovv |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales And Issuances
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesAndIssuances
|
0 | ||
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
-2000000 | ||
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
-564000000 | ||
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
|
0 | ||
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
|
0 | ||
CY2023Q3 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-108000000 | |
CY2022Q3 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-43000000 | |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
|
-120000000 | ||
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
|
129000000 | ||
CY2023Q3 | ovv |
Guarantee Benefits And Obligations Current Carrying Value
GuaranteeBenefitsAndObligationsCurrentCarryingValue
|
-4000000 | |
CY2023Q3 | us-gaap |
Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
ForeignCurrencyCashFlowHedgeDerivativeAtFairValueNet
|
-1000000 | |
CY2023Q3 | ovv |
Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
|
-126000000 | |
CY2023Q3 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
10000000 | |
CY2022Q3 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-822000000 | |
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-67000000 | ||
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-2074000000 | ||
CY2023Q3 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-298000000 | |
CY2022Q3 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
689000000 | |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-123000000 | ||
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
186000000 | ||
CY2023Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-288000000 | |
CY2022Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-133000000 | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-190000000 | ||
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-1888000000 | ||
CY2022Q4 | ovv |
Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
|
-4000000 | |
ovv |
Settlement Of Other Derivative Contracts
SettlementOfOtherDerivativeContracts
|
1000000 | ||
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-67000000 | ||
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-67000000 | ||
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-2074000000 | ||
CY2023Q3 | ovv |
Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
|
-126000000 | |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-123000000 | ||
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
186000000 | ||
CY2023Q3 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
50000000 | |
CY2022Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
53000000 | |
CY2023Q3 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
14000000 | |
CY2022Q4 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
34000000 | |
CY2023Q3 | us-gaap |
Derivative Assets
DerivativeAssets
|
64000000 | |
CY2022Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
87000000 | |
CY2023Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
182000000 | |
CY2022Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
86000000 | |
CY2023Q3 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
4000000 | |
CY2022Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
0 | |
CY2023Q3 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
186000000 | |
CY2022Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
86000000 | |
CY2023Q3 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
4000000 | |
CY2022Q4 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
5000000 | |
CY2023Q3 | ovv |
Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
|
-126000000 | |
CY2022Q4 | ovv |
Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
|
-4000000 | |
us-gaap |
Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
|
94000000 | ||
CY2023Q3 | ovv |
Concentration Risk Credit Risk Financial Instrument Maximum Exposure On Net Fair Value Basis
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposureOnNetFairValueBasis
|
64000000 | |
CY2023Q3 | us-gaap |
Number Of Credit Risk Derivatives Held
NumberOfCreditRiskDerivativesHeld
|
0 | |
CY2023Q3 | us-gaap |
Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
|
0 | |
CY2023Q3 | ovv |
Percentage Of Accounts Receivable And Financial Derivative Credit Exposure With Investment Grade Counterparties
PercentageOfAccountsReceivableAndFinancialDerivativeCreditExposureWithInvestmentGradeCounterparties
|
0.78 | |
CY2022Q4 | ovv |
Percentage Of Accounts Receivable And Financial Derivative Credit Exposure With Investment Grade Counterparties
PercentageOfAccountsReceivableAndFinancialDerivativeCreditExposureWithInvestmentGradeCounterparties
|
0.88 | |
CY2023Q3 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
4000000 | |
CY2022Q4 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
5000000 | |
CY2023Q3 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
17000000 | |
CY2023Q3 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
251000000 | |
CY2022Q3 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-326000000 | |
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-268000000 | ||
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
337000000 | ||
CY2023Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2000000 | |
CY2022Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-289000000 | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-288000000 | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
106000000 | ||
CY2023Q3 | ovv |
Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
|
-5000000 | |
CY2022Q3 | ovv |
Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
|
-4000000 | |
ovv |
Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
|
4000000 | ||
ovv |
Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
|
7000000 | ||
CY2023Q3 | us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
62000000 | |
CY2022Q3 | us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
-2000000 | |
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
190000000 | ||
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
42000000 | ||
CY2023Q3 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
192000000 | |
CY2022Q3 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
-31000000 | |
us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
-174000000 | ||
us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
182000000 | ||
CY2023Q3 | ovv |
Rou Operating Lease Assets And Liabilities
ROUOperatingLeaseAssetsAndLiabilities
|
4000000 | |
CY2022Q3 | ovv |
Rou Operating Lease Assets And Liabilities
ROUOperatingLeaseAssetsAndLiabilities
|
2000000 | |
ovv |
Rou Operating Lease Assets And Liabilities
ROUOperatingLeaseAssetsAndLiabilities
|
73000000 | ||
ovv |
Rou Operating Lease Assets And Liabilities
ROUOperatingLeaseAssetsAndLiabilities
|
54000000 | ||
CY2023Q3 | ovv |
Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
|
93000000 | |
CY2022Q3 | ovv |
Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
|
32000000 | |
ovv |
Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
|
185000000 | ||
ovv |
Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
|
78000000 | ||
CY2023Q3 | ovv |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
|
0 | |
CY2022Q3 | ovv |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
|
2000000 | |
ovv |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
|
-2000000 | ||
ovv |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
|
5000000 | ||
CY2023Q3 | us-gaap |
Contribution Of Property
ContributionOfProperty
|
3000000 | |
CY2022Q3 | us-gaap |
Contribution Of Property
ContributionOfProperty
|
7000000 | |
us-gaap |
Contribution Of Property
ContributionOfProperty
|
25000000 | ||
us-gaap |
Contribution Of Property
ContributionOfProperty
|
43000000 | ||
CY2023Q3 | us-gaap |
Stock Issued1
StockIssued1
|
0 | |
CY2022Q3 | us-gaap |
Stock Issued1
StockIssued1
|
0 | |
us-gaap |
Stock Issued1
StockIssued1
|
1169000000 | ||
us-gaap |
Stock Issued1
StockIssued1
|
0 | ||
CY2023Q3 | us-gaap |
Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
|
335000000 | |
CY2023Q3 | us-gaap |
Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
|
854000000 | |
CY2023Q3 | us-gaap |
Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
|
691000000 | |
CY2023Q3 | us-gaap |
Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
|
517000000 | |
CY2023Q3 | us-gaap |
Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
|
485000000 | |
CY2023Q3 | ovv |
Contractual Obligation Due After Fourth Year
ContractualObligationDueAfterFourthYear
|
2333000000 | |
CY2023Q3 | us-gaap |
Contractual Obligation
ContractualObligation
|
5215000000 |