$OVV
Ovintiv Inc.

2020 Q2 Form 10-Q Financial Statement

#000156459020034916 Filed on July 31, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1 2019 Q2
Revenue $726.0M $2.643B $2.055B
YoY Change -64.67% 114.01% 109.05%
Cost Of Revenue $492.0M $627.0M $457.0M
YoY Change 7.66% 31.72% 14.82%
Gross Profit $234.0M $2.016B $1.598B
YoY Change -85.36% 165.61% 173.16%
Gross Profit Margin 32.23% 76.28% 77.76%
Selling, General & Admin $460.0M $437.0M $501.0M
YoY Change -8.18% -10.27% 27.48%
% of Gross Profit 196.58% 21.68% 31.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $493.0M $534.0M $532.0M
YoY Change -7.33% 41.64% 77.33%
% of Gross Profit 210.68% 26.49% 33.29%
Operating Expenses $4.785B $1.884B $1.517B
YoY Change 215.43% 28.86% 116.41%
Operating Profit -$4.059B $759.0M $538.0M
YoY Change -854.46% -434.36% -563.79%
Interest Expense $86.00M $96.00M $99.00M
YoY Change -13.13% 10.34% -210.0%
% of Operating Profit 12.65% 18.4%
Other Income/Expense, Net $16.00M $14.00M $3.000M
YoY Change 433.33% -150.0% -118.75%
Pretax Income -$4.089B $561.0M $497.0M
YoY Change -922.74% -283.33% -324.89%
Income Tax $294.0M $140.0M $161.0M
% Of Pretax Income 24.96% 32.39%
Net Earnings -$4.383B $421.0M $336.0M
YoY Change -1404.46% -271.84% -322.52%
Net Earnings / Revenue -603.72% 15.93% 16.35%
Basic Earnings Per Share -$16.87 $1.62
Diluted Earnings Per Share -$16.87 $1.62 $1.217M
COMMON SHARES
Basic Shares Outstanding 259.8M 259.8M 276.2M
Diluted Shares Outstanding 259.8M 259.8M 276.2M

Balance Sheet

Concept 2020 Q2 2020 Q1 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.00M $82.00M $167.0M
YoY Change -76.65% -82.88% -50.3%
Cash & Equivalents $39.00M $82.00M $224.0M
Short-Term Investments
Other Short-Term Assets $347.0M $958.0M $268.0M
YoY Change 29.48% 412.3% 54.02%
Inventory
Prepaid Expenses
Receivables $819.0M $918.0M $1.195B
Other Receivables $269.0M $283.0M $320.0M
Total Short-Term Assets $1.474B $2.241B $1.950B
YoY Change -24.41% 6.61% 4.95%
LONG-TERM ASSETS
Property, Plant & Equipment $11.64B $15.08B $16.36B
YoY Change -28.88% 92.37% 75.6%
Goodwill $2.580B $2.555B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.105B $1.088B $834.0M
YoY Change 32.49% -6.37% -39.39%
Total Long-Term Assets $15.32B $19.26B $19.80B
YoY Change -22.61% 47.1% 49.19%
TOTAL ASSETS
Total Short-Term Assets $1.474B $2.241B $1.950B
Total Long-Term Assets $15.32B $19.26B $19.80B
Total Assets $16.80B $21.51B $21.75B
YoY Change -22.77% 41.5% 43.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.529B $2.049B $2.265B
YoY Change -32.49% -4.96% 38.79%
Accrued Expenses $68.00M $70.00M $87.00M
YoY Change -21.84% -23.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $86.00M
YoY Change -100.0% -100.0% -82.8%
Total Short-Term Liabilities $1.653B $2.160B $2.446B
YoY Change -32.42% 4.3% -3.59%
LONG-TERM LIABILITIES
Long-Term Debt $7.366B $7.006B $7.219B
YoY Change 2.04% 7.98% 82.67%
Other Long-Term Liabilities $390.0M $402.0M $1.941B
YoY Change -79.91% -26.24% -8.01%
Total Long-Term Liabilities $7.756B $7.408B $9.160B
YoY Change -15.33% 1259.27% 51.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.653B $2.160B $2.446B
Total Long-Term Liabilities $7.756B $7.408B $9.160B
Total Liabilities $10.92B $11.31B $11.73B
YoY Change -6.9% 47.39% 35.93%
SHAREHOLDERS EQUITY
Retained Earnings $818.0M
YoY Change 60.39%
Common Stock $8.463B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.873B $10.19B $10.02B
YoY Change
Total Liabilities & Shareholders Equity $16.80B $21.51B $21.75B
YoY Change -22.77% 41.5% 43.75%

Cashflow Statement

Concept 2020 Q2 2020 Q1 2019 Q2
OPERATING ACTIVITIES
Net Income -$4.383B $421.0M $336.0M
YoY Change -1404.46% -271.84% -322.52%
Depreciation, Depletion And Amortization $493.0M $534.0M $532.0M
YoY Change -7.33% 41.64% 77.33%
Cash From Operating Activities $117.0M $566.0M $906.0M
YoY Change -87.09% 6.99% 90.74%
INVESTING ACTIVITIES
Capital Expenditures $252.0M $790.0M $750.0M
YoY Change -66.4% 7.34% -226.05%
Acquisitions $0.00 $0.00 $0.00
YoY Change -100.0%
Other Investing Activities $272.0M -$130.0M $30.00M
YoY Change 806.67% 140.74% -80.13%
Cash From Investing Activities -$517.0M -$655.0M -$795.0M
YoY Change -34.97% 7.73% 79.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00 $637.0M
YoY Change -100.0% -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 335.0M 9.000M -422.0M
YoY Change -179.38% -102.01% 234.92%
NET CHANGE
Cash From Operating Activities 117.0M 566.0M 906.0M
Cash From Investing Activities -517.0M -655.0M -795.0M
Cash From Financing Activities 335.0M 9.000M -422.0M
Net Change In Cash -64.00M -87.00M -310.0M
YoY Change -79.35% -83.4% 226.32%
FREE CASH FLOW
Cash From Operating Activities $117.0M $566.0M $906.0M
Capital Expenditures $252.0M $790.0M $750.0M
Free Cash Flow -$135.0M -$224.0M $156.0M
YoY Change -186.54% 8.21% -85.42%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
55000000
CY2020Q2 us-gaap Costs And Expenses
CostsAndExpenses
4785000000
CY2020Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
CY2019Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1000000
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16000000
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
30000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-25000000
CY2020Q2 ovv Non Operating Income Expenses
NonOperatingIncomeExpenses
30000000
CY2019Q2 ovv Non Operating Income Expenses
NonOperatingIncomeExpenses
41000000
ovv Non Operating Income Expenses
NonOperatingIncomeExpenses
228000000
ovv Non Operating Income Expenses
NonOperatingIncomeExpenses
120000000
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4089000000
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
497000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3528000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
191000000
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
294000000
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
161000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
434000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000000
CY2020Q1 ovv Share Consolidation Ratio
ShareConsolidationRatio
0.2
CY2019Q1 us-gaap Restructuring And Related Activities Initiation Date
RestructuringAndRelatedActivitiesInitiationDate
2019-02-01
CY2020Q2 us-gaap Restructuring And Related Activities Initiation Date
RestructuringAndRelatedActivitiesInitiationDate
2020-06-01
CY2020Q1 ovv Share Consolidation Ratio
ShareConsolidationRatio
0.2
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
336000000
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-16.87
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.09375
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
90000000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
10360000000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2020Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
9000000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
18000000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
19000000
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
165000000
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
81000000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
218000000
CY2020Q2 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
17000000
CY2019Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2019Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
10000000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
308000000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3527000000
us-gaap Costs And Expenses
CostsAndExpenses
2979000000
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4059000000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
538000000
us-gaap Operating Income Loss
OperatingIncomeLoss
-3300000000
us-gaap Operating Income Loss
OperatingIncomeLoss
311000000
CY2020Q2 us-gaap Interest Expense
InterestExpense
86000000
CY2019Q2 us-gaap Interest Expense
InterestExpense
99000000
us-gaap Interest Expense
InterestExpense
182000000
us-gaap Interest Expense
InterestExpense
186000000
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
40000000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-76000000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
92000000
CY2019Q2 us-gaap Costs And Expenses
CostsAndExpenses
1517000000
us-gaap Costs And Expenses
CostsAndExpenses
6669000000
us-gaap Net Income Loss
NetIncomeLoss
91000000
us-gaap Net Income Loss
NetIncomeLoss
-3962000000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
5873000000
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
25000000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1023000000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1848000000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
60000000
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-20000000
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
35000000
CY2019Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1000000
CY2020Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-11000000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
52000000
CY2020Q2 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
68000000
CY2019Q2 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
15000000
CY2020Q2 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
119000000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
10015000000
CY2019Q2 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
17000000
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.22
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-15.25
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.35
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
259800000
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
276200000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
259800000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
260200000
CY2020Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
0
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
601000000
CY2020Q2 us-gaap Goodwill
Goodwill
2580000000
CY2019Q4 us-gaap Goodwill
Goodwill
2611000000
CY2020Q2 us-gaap Assets
Assets
16795000000
CY2019Q4 us-gaap Assets
Assets
21487000000
CY2020Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1529000000
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2239000000
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
68000000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
78000000
CY2020Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1000000
CY2019Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1000000
CY2020Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
55000000
CY2019Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
114000000
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
775000000
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
775000000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
336000000
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
493000000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
336000000
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.09375
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-19000000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
10015000000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
9930000000
us-gaap Net Income Loss
NetIncomeLoss
-3962000000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.1875
us-gaap Dividends Common Stock
DividendsCommonStock
49000000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-46000000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
5873000000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
7447000000
us-gaap Net Income Loss
NetIncomeLoss
91000000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.1875
us-gaap Dividends Common Stock
DividendsCommonStock
53000000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3478000000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
14000000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-4383000000
us-gaap Profit Loss
ProfitLoss
-3962000000
us-gaap Profit Loss
ProfitLoss
91000000
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
532000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1027000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
909000000
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3250000000
CY2019Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3527000000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2020Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
9000000
CY2019Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
10000000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
18000000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
19000000
CY2020Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
295000000
CY2019Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
158000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
435000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
96000000
CY2020Q2 ovv Unrealized Gain Loss On Derivatives Excluding Foreign Currency Derivatives
UnrealizedGainLossOnDerivativesExcludingForeignCurrencyDerivatives
-679000000
CY2019Q2 ovv Unrealized Gain Loss On Derivatives Excluding Foreign Currency Derivatives
UnrealizedGainLossOnDerivativesExcludingForeignCurrencyDerivatives
83000000
ovv Unrealized Gain Loss On Derivatives Excluding Foreign Currency Derivatives
UnrealizedGainLossOnDerivativesExcludingForeignCurrencyDerivatives
225000000
ovv Unrealized Gain Loss On Derivatives Excluding Foreign Currency Derivatives
UnrealizedGainLossOnDerivativesExcludingForeignCurrencyDerivatives
-344000000
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
50000000
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
35000000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-51000000
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
0
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
22000000
CY2020Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
CY2019Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
19000000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
66000000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
120000000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
26000000
CY2019Q2 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-44000000
us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
36000000
us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-162000000
CY2020Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
117000000
CY2019Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
906000000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
683000000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1435000000
CY2020Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
252000000
CY2019Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
750000000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1042000000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1486000000
CY2020Q2 ovv Acquisitions
Acquisitions
1000000
CY2019Q2 ovv Acquisitions
Acquisitions
19000000
ovv Acquisitions
Acquisitions
18000000
ovv Acquisitions
Acquisitions
41000000
CY2020Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
CY2019Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-94000000
CY2020Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8000000
CY2019Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4000000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
30000000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6000000
CY2020Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
272000000
CY2019Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
30000000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
142000000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-24000000
CY2020Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-517000000
CY2019Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-795000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1172000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1403000000
CY2020Q2 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
408000000
CY2019Q2 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
761000000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
552000000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
761000000
CY2020Q2 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
26000000
CY2019Q2 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
500000000
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
115000000
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
500000000
CY2020Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2019Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
637000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1037000000
CY2020Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
25000000
CY2019Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
25000000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
49000000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
53000000
CY2020Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
22000000
CY2019Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
21000000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
44000000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
41000000
CY2020Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
335000000
CY2019Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-422000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
344000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-870000000
CY2020Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1000000
CY2019Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1000000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-6000000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
4000000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-64000000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-310000000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-151000000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-834000000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103000000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
534000000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
190000000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1058000000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39000000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
224000000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39000000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
224000000
CY2020Q2 us-gaap Cash
Cash
29000000
CY2019Q2 us-gaap Cash
Cash
39000000
CY2020Q2 us-gaap Cash
Cash
29000000
CY2019Q2 us-gaap Cash
Cash
39000000
CY2020Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
10000000
CY2019Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
128000000
CY2020Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
10000000
CY2019Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
128000000
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
0
CY2019Q2 us-gaap Restricted Cash
RestrictedCash
57000000
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
0
CY2019Q2 us-gaap Restricted Cash
RestrictedCash
57000000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39000000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
224000000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39000000
CY2020Q1 ovv Consolidation Share Conversion Description
ConsolidationShareConversionDescription
one post-consolidation share for each five pre-consolidation shares
CY2020Q1 ovv Common Stock Exchange Description
CommonStockExchangeDescription
one-for-one basis
CY2020Q1 ovv Common Stock Exchange Ratio
CommonStockExchangeRatio
1
CY2020Q2 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-314000000
CY2019Q2 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
190000000
CY2020Q2 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
17000000
CY2019Q2 us-gaap Revenues
Revenues
2055000000
CY2020Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
27000000
CY2019Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
73000000
CY2020Q2 ovv Transportation And Processing Costs
TransportationAndProcessingCosts
368000000
CY2019Q2 ovv Transportation And Processing Costs
TransportationAndProcessingCosts
412000000
CY2020Q2 us-gaap Direct Operating Costs
DirectOperatingCosts
154000000
CY2019Q2 us-gaap Direct Operating Costs
DirectOperatingCosts
187000000
CY2020Q2 ovv Purchased Product Costs
PurchasedProductCosts
319000000
CY2019Q2 ovv Purchased Product Costs
PurchasedProductCosts
222000000
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
493000000
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
532000000
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3250000000
CY2019Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2020Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
9000000
CY2019Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
10000000
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
165000000
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
81000000
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
4785000000
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
1517000000
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4059000000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
538000000
CY2020Q2 us-gaap Interest Expense
InterestExpense
86000000
CY2019Q2 us-gaap Interest Expense
InterestExpense
99000000
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
40000000
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
55000000
CY2020Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
CY2019Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16000000
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000
CY2020Q2 ovv Non Operating Income Expenses
NonOperatingIncomeExpenses
30000000
CY2019Q2 ovv Non Operating Income Expenses
NonOperatingIncomeExpenses
41000000
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4089000000
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
497000000
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
294000000
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
161000000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-4383000000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
336000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2593000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3420000000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
741000000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-165000000
us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
35000000
us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
35000000
us-gaap Revenues
Revenues
3369000000
us-gaap Revenues
Revenues
3290000000
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
79000000
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
121000000
ovv Transportation And Processing Costs
TransportationAndProcessingCosts
764000000
ovv Transportation And Processing Costs
TransportationAndProcessingCosts
750000000
us-gaap Direct Operating Costs
DirectOperatingCosts
319000000
us-gaap Direct Operating Costs
DirectOperatingCosts
352000000
ovv Purchased Product Costs
PurchasedProductCosts
717000000
ovv Purchased Product Costs
PurchasedProductCosts
520000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1027000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
909000000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3527000000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
18000000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
19000000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
218000000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
308000000
us-gaap Operating Expenses
OperatingExpenses
6669000000
us-gaap Operating Expenses
OperatingExpenses
2979000000
us-gaap Operating Income Loss
OperatingIncomeLoss
-3300000000
us-gaap Operating Income Loss
OperatingIncomeLoss
311000000
us-gaap Interest Expense
InterestExpense
182000000
us-gaap Interest Expense
InterestExpense
186000000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-76000000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
92000000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
30000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-25000000
ovv Non Operating Income Expenses
NonOperatingIncomeExpenses
228000000
ovv Non Operating Income Expenses
NonOperatingIncomeExpenses
120000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3528000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
191000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
434000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000000
us-gaap Net Income Loss
NetIncomeLoss
-3962000000
us-gaap Net Income Loss
NetIncomeLoss
91000000
CY2020Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
252000000
CY2019Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
750000000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1042000000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1486000000
CY2019 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
843000000
CY2019 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
5963000000
CY2019 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
6806000000
CY2019 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
5000000
CY2019 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
2609000000
CY2019 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
9420000000
CY2019Q4 us-gaap Goodwill
Goodwill
2611000000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15191000000
CY2019Q4 us-gaap Assets
Assets
21487000000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1023000000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1848000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2593000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3420000000
CY2020Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2020Q2 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
704000000
CY2019Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
1095000000
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0
CY2020Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
82000000
CY2019Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
93000000
us-gaap Interest Expense Debt
InterestExpenseDebt
171000000
us-gaap Interest Expense Debt
InterestExpenseDebt
175000000
CY2020Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000000
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4000000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7000000
CY2020Q2 ovv Interest Expense Recovery Other
InterestExpenseRecoveryOther
2000000
CY2019Q2 ovv Interest Expense Recovery Other
InterestExpenseRecoveryOther
2000000
ovv Interest Expense Recovery Other
InterestExpenseRecoveryOther
6000000
ovv Interest Expense Recovery Other
InterestExpenseRecoveryOther
4000000
CY2020Q2 us-gaap Interest Expense
InterestExpense
86000000
CY2019Q2 us-gaap Interest Expense
InterestExpense
99000000
us-gaap Interest Expense
InterestExpense
182000000
us-gaap Interest Expense
InterestExpense
186000000
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
50000000
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
35000000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-51000000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
60000000
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
40000000
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
55000000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-76000000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
92000000
CY2020Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1000000
CY2019Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3000000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1000000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4000000
CY2020Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
295000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
435000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
96000000
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
294000000
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
161000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
434000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000000
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.072
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.123
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.524
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.123
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.524
CY2019Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
158000000
CY2020Q2 ovv Acquisitions
Acquisitions
1000000
CY2019Q2 ovv Acquisitions
Acquisitions
19000000
ovv Acquisitions
Acquisitions
18000000
ovv Acquisitions
Acquisitions
41000000
CY2020Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8000000
CY2019Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4000000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
30000000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6000000
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.324
CY2020Q2 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-7000000
CY2019Q2 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
15000000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-12000000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
35000000
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
56125000000
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
44489000000
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11636000000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
55828000000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
40637000000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15191000000
ovv Internal Costs Capitalized
InternalCostsCapitalized
96000000
CY2019 ovv Internal Costs Capitalized
InternalCostsCapitalized
121000000
ovv Number Of Finance Lease Arrangements
NumberOfFinanceLeaseArrangements
2
CY2020Q2 us-gaap Debt Instrument Repurchased Face Amount
DebtInstrumentRepurchasedFaceAmount
137000000
CY2020Q2 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
26000000
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
115000000
CY2020Q2 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
11000000
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
22000000
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
7366000000
ovv Operating Sublease Income Undiscounted Remainder Of Fiscal Year
OperatingSubleaseIncomeUndiscountedRemainderOfFiscalYear
25000000
ovv Operating Sublease Income Due Year Two
OperatingSubleaseIncomeDueYearTwo
49000000
ovv Operating Sublease Income Due Year Three
OperatingSubleaseIncomeDueYearThree
45000000
ovv Operating Sublease Income Due Year Four
OperatingSubleaseIncomeDueYearFour
44000000
ovv Operating Sublease Income Due Year Five
OperatingSubleaseIncomeDueYearFive
43000000
ovv Operating Sublease Income Due Year Thereafter
OperatingSubleaseIncomeDueYearThereafter
531000000
ovv Operating Sublease Income
OperatingSubleaseIncome
737000000
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
13000000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
26000000
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
13000000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
26000000
CY2020Q2 us-gaap Variable Lease Income
VariableLeaseIncome
4000000
us-gaap Variable Lease Income
VariableLeaseIncome
9000000
CY2019Q2 us-gaap Variable Lease Income
VariableLeaseIncome
6000000
us-gaap Variable Lease Income
VariableLeaseIncome
9000000
CY2020Q2 ovv Revolving Credit Facility And Commercial Paper
RevolvingCreditFacilityAndCommercialPaper
1250000000
CY2019Q4 ovv Revolving Credit Facility And Commercial Paper
RevolvingCreditFacilityAndCommercialPaper
698000000
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7274000000
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
6859000000
CY2020Q2 ovv Increase In Value Of Debt Acquired
IncreaseInValueOfDebtAcquired
128000000
CY2019Q4 ovv Increase In Value Of Debt Acquired
IncreaseInValueOfDebtAcquired
149000000
CY2020Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
36000000
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
34000000
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
7366000000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
6974000000
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
0
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7366000000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6974000000
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
7366000000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
6974000000
CY2020Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
6808000000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
6974000000
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
7657000000
CY2020Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
435000000
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
425000000
CY2020Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
538000000
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
614000000
CY2020Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
75000000
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
121000000
CY2020Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
118000000
CY2019Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
119000000
CY2020Q2 us-gaap Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
19000000
CY2019Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
38000000
CY2020Q2 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
17000000
CY2019Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
20000000
CY2020Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
390000000
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
464000000
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
614000000
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
455000000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
9000000
CY2019 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
15000000
ovv Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
0
CY2019 ovv Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
184000000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
108000000
CY2019 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
141000000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
22000000
CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
47000000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
18000000
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
37000000
us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
17000000
CY2019 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
-17000000
CY2020Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
538000000
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
614000000
CY2020Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
103000000
CY2019Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
189000000
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
276200000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
259800000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
260200000
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
259800000
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
775000000
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000
CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
259800000
CY2019Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
7061000000
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
190500000
CY2018Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
4656000000
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0
CY2019 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
39400000
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1073000000
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0
CY2019 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
108700000
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3478000000
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
259800000
CY2020Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
3000000
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
259800000
CY2019Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
7061000000
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.09375
CY2020Q2 us-gaap Dividends Common Stock
DividendsCommonStock
25000000
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.09375
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
25000000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.1875
us-gaap Dividends Common Stock
DividendsCommonStock
49000000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.1875
us-gaap Dividends Common Stock
DividendsCommonStock
53000000
CY2020Q3 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2020-07-28
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.09375
CY2020Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2020-09-30
CY2020Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-09-15
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-4383000000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
336000000
us-gaap Net Income Loss
NetIncomeLoss
-3962000000
us-gaap Net Income Loss
NetIncomeLoss
91000000
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
259800000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
276200000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
259800000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
260200000
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-16.87
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.22
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-15.25
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
1004000000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
976000000
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
87000000
CY2019Q2 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
-47000000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
38000000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
957000000
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
1014000000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
957000000
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
1014000000
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-40000000
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-21000000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.35
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
870000000
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
1010000000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-42000000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-22000000
CY2020Q2 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
0
CY2019Q2 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
29000000
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
0
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
29000000
CY2020Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Plan Amendments Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect
0
CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Plan Amendments Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect
6000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Plan Amendments Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect
0
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Plan Amendments Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect
6000000
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
2000000
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
0
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
4000000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
1000000
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
1000000
CY2019Q2 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
0
CY2020Q2 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Before Tax
OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAociPensionAndOtherPostretirementBenefitPlansDueToCurtailmentBeforeTax
-5000000
CY2019Q2 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Before Tax
OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAociPensionAndOtherPostretirementBenefitPlansDueToCurtailmentBeforeTax
0
ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Before Tax
OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAociPensionAndOtherPostretirementBenefitPlansDueToCurtailmentBeforeTax
-5000000
ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Before Tax
OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAociPensionAndOtherPostretirementBenefitPlansDueToCurtailmentBeforeTax
0
CY2020Q2 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Tax
OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToCurtailmentTax
-1000000
CY2019Q2 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Tax
OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToCurtailmentTax
0
ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Tax
OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToCurtailmentTax
-1000000
ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Tax
OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToCurtailmentTax
0
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-43000000
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
2000000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-43000000
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
2000000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1000000000
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1012000000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1000000000
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1012000000
CY2019 us-gaap Restructuring Charges
RestructuringCharges
138000000
CY2020Q2 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.25
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
81000000
us-gaap Restructuring Charges
RestructuringCharges
81000000
CY2019Q2 us-gaap Restructuring Charges
RestructuringCharges
17000000
us-gaap Restructuring Charges
RestructuringCharges
130000000
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
49000000
CY2020Q2 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
91000000
CY2020Q2 ovv Compensation Costs Recorded For Cash Settled Transactions
CompensationCostsRecordedForCashSettledTransactions
35000000
CY2019Q2 ovv Compensation Costs Recorded For Cash Settled Transactions
CompensationCostsRecordedForCashSettledTransactions
-20000000
ovv Compensation Costs Recorded For Cash Settled Transactions
CompensationCostsRecordedForCashSettledTransactions
-16000000
ovv Compensation Costs Recorded For Cash Settled Transactions
CompensationCostsRecordedForCashSettledTransactions
44000000
CY2020Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
8000000
us-gaap Restructuring Charges
RestructuringCharges
81000000
CY2019 us-gaap Restructuring Charges
RestructuringCharges
138000000
us-gaap Payments For Restructuring
PaymentsForRestructuring
40000000
CY2019 us-gaap Payments For Restructuring
PaymentsForRestructuring
130000000
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
49000000
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
8000000
CY2020Q2 us-gaap Severance Costs1
SeveranceCosts1
80000000
CY2019Q2 us-gaap Severance Costs1
SeveranceCosts1
16000000
us-gaap Severance Costs1
SeveranceCosts1
80000000
us-gaap Severance Costs1
SeveranceCosts1
128000000
CY2020Q2 ovv Outplacement Moving And Other Expenses
OutplacementMovingAndOtherExpenses
1000000
CY2019Q2 ovv Outplacement Moving And Other Expenses
OutplacementMovingAndOtherExpenses
1000000
ovv Outplacement Moving And Other Expenses
OutplacementMovingAndOtherExpenses
1000000
ovv Outplacement Moving And Other Expenses
OutplacementMovingAndOtherExpenses
2000000
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
81000000
CY2019Q2 us-gaap Restructuring Charges
RestructuringCharges
17000000
us-gaap Restructuring Charges
RestructuringCharges
81000000
us-gaap Restructuring Charges
RestructuringCharges
130000000
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
8000000
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
0
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
1000000
ovv Defined Benefit Plan Curtailments From Net Prior Service Costs Gain Loss Reclassified From Aoci
DefinedBenefitPlanCurtailmentsFromNetPriorServiceCostsGainLossReclassifiedFromAOCI
-5000000
ovv Defined Benefit Plan Curtailments From Net Prior Service Costs Gain Loss Reclassified From Aoci
DefinedBenefitPlanCurtailmentsFromNetPriorServiceCostsGainLossReclassifiedFromAOCI
0
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
1000000
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
-4000000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
3000000
CY2019Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
-3000000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
-5000000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
15000000
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27000000
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-17000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-11000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29000000
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27000000
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-17000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-11000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29000000
CY2020Q2 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
43000000
CY2019Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
78000000
CY2020Q2 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
24000000
CY2019Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
40000000
CY2020Q2 us-gaap Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
19000000
CY2019Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
38000000
CY2020Q2 ovv Liability For Unvested Cash Settled Share Based Payment Transactions
LiabilityForUnvestedCashSettledShareBasedPaymentTransactions
36000000
CY2019Q4 ovv Liability For Unvested Cash Settled Share Based Payment Transactions
LiabilityForUnvestedCashSettledShareBasedPaymentTransactions
65000000
CY2020Q2 ovv Liability For Vested Cash Settled Share Based Payment Transactions
LiabilityForVestedCashSettledShareBasedPaymentTransactions
7000000
CY2019Q4 ovv Liability For Vested Cash Settled Share Based Payment Transactions
LiabilityForVestedCashSettledShareBasedPaymentTransactions
13000000
CY2020Q2 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
43000000
CY2019Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
78000000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
3000000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
10000000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
16000000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
11000000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
19000000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
21000000
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2000000
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
5000000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4000000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5000000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3000000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3000000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
4000000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
10000000
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-52000000
CY2018Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
139000000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
204000000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-53000000
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
71000000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
29000000
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
CY2020Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
81000000
CY2019Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
57000000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
106000000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
-8000000
CY2020Q2 ovv Net Premiums Paid Received On Unexpired Options
NetPremiumsPaidReceivedOnUnexpiredOptions
-4000000
CY2020Q2 ovv Guarantee Benefits And Obligations Current Carrying Value
GuaranteeBenefitsAndObligationsCurrentCarryingValue
-11000000
CY2020Q2 us-gaap Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
ForeignCurrencyCashFlowHedgeDerivativeAtFairValueNet
-3000000
CY2020Q2 ovv Risk Management And Other Derivative Guarantee At Fair Value And Net Premium Received
RiskManagementAndOtherDerivativeGuaranteeAtFairValueAndNetPremiumReceived
174000000
CY2020Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
359000000
CY2019Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
106000000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
507000000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
178000000
CY2020Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-643000000
CY2019Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
100000000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
209000000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-307000000
CY2020Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-284000000
CY2019Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
206000000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
716000000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-129000000
CY2019Q4 ovv Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
-41000000
ovv Settlement Of Other Derivative Contracts
SettlementOfOtherDerivativeContracts
2000000
ovv Amortization Of Option Premiums During Period
AmortizationOfOptionPremiumsDuringPeriod
-4000000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
507000000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
507000000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
178000000
CY2020Q2 ovv Risk Management And Other Derivative Guarantee At Fair Value And Net Premium Received
RiskManagementAndOtherDerivativeGuaranteeAtFairValueAndNetPremiumReceived
174000000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
209000000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-307000000
CY2020Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
347000000
CY2019Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
148000000
CY2020Q2 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
2000000
CY2019Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
2000000
CY2020Q2 us-gaap Derivative Assets
DerivativeAssets
349000000
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
150000000
CY2020Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
55000000
CY2019Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
114000000
CY2020Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
109000000
CY2019Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
68000000
CY2020Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
164000000
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
182000000
CY2020Q2 ovv Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
174000000
CY2019Q4 ovv Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
-41000000
CY2020Q2 us-gaap Number Of Credit Risk Derivatives Held
NumberOfCreditRiskDerivativesHeld
0
CY2020Q2 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
0
ovv Percent Of Accounts Receivable And Financial Derivative Credit Exposures With Investment Grade Counterparties
PercentOfAccountsReceivableAndFinancialDerivativeCreditExposuresWithInvestmentGradeCounterparties
0.98
CY2019 ovv Percent Of Accounts Receivable And Financial Derivative Credit Exposures With Investment Grade Counterparties
PercentOfAccountsReceivableAndFinancialDerivativeCreditExposuresWithInvestmentGradeCounterparties
0.95
CY2020Q2 ovv Number Of Counterparties With More Than Ten Percent Of Fair Value Of Outstanding Risk Management Contracts
NumberOfCounterpartiesWithMoreThanTenPercentOfFairValueOfOutstandingRiskManagementContracts
3
CY2019Q4 ovv Number Of Counterparties With More Than Ten Percent Of Fair Value Of Outstanding Risk Management Contracts
NumberOfCounterpartiesWithMoreThanTenPercentOfFairValueOfOutstandingRiskManagementContracts
6
us-gaap Guarantee Obligations Term
GuaranteeObligationsTerm
one to four years
CY2020Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
11000000
CY2019Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
9000000
CY2020Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
109000000
CY2020Q2 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-90000000
CY2019Q2 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
57000000
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-211000000
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-117000000
CY2020Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-223000000
CY2019Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
104000000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-254000000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
16000000
CY2020Q2 ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
-5000000
CY2019Q2 ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
-6000000
ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
-6000000
ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
61000000
CY2020Q2 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
19000000
CY2019Q2 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
3000000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
13000000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-32000000
CY2020Q2 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
119000000
CY2019Q2 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-44000000
us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
36000000
us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-162000000
CY2020Q2 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2000000
CY2019Q2 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
8000000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
9000000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
11000000
CY2020Q2 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0
CY2019Q2 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
22000000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0
CY2020Q2 ovv Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
-280000000
CY2019Q2 ovv Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
-35000000
ovv Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
-130000000
ovv Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
47000000
CY2020Q2 ovv Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
8000000
CY2019Q2 ovv Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
-3000000
ovv Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
-9000000
ovv Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
-32000000
CY2020Q2 us-gaap Contribution Of Property
ContributionOfProperty
13000000
CY2019Q2 us-gaap Contribution Of Property
ContributionOfProperty
1000000
us-gaap Contribution Of Property
ContributionOfProperty
17000000
us-gaap Contribution Of Property
ContributionOfProperty
3000000
CY2020Q2 ovv New Rou Operating Lease Assets And Liabilities
NewROUOperatingLeaseAssetsAndLiabilities
0
CY2019Q2 ovv New Rou Operating Lease Assets And Liabilities
NewROUOperatingLeaseAssetsAndLiabilities
9000000
ovv New Rou Operating Lease Assets And Liabilities
NewROUOperatingLeaseAssetsAndLiabilities
1000000
ovv New Rou Operating Lease Assets And Liabilities
NewROUOperatingLeaseAssetsAndLiabilities
10000000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
7000000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
14000000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
11000000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
7000000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
6000000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
8000000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
53000000
CY2020Q2 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
404000000
CY2020Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
692000000
CY2020Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
637000000
CY2020Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
525000000
CY2020Q2 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
415000000
CY2020Q2 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
2106000000
CY2020Q2 us-gaap Contractual Obligation
ContractualObligation
4779000000

Files In Submission

Name View Source Status
0001564590-20-034916-index-headers.html Edgar Link pending
0001564590-20-034916-index.html Edgar Link pending
0001564590-20-034916.txt Edgar Link pending
0001564590-20-034916-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gkowemh3bwje000001.jpg Edgar Link pending
gllykrdxevcf000001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
ovv-10q_20200630.htm Edgar Link pending
ovv-10q_20200630_htm.xml Edgar Link completed
ovv-20200630.xsd Edgar Link pending
ovv-20200630_cal.xml Edgar Link unprocessable
ovv-20200630_def.xml Edgar Link unprocessable
ovv-20200630_lab.xml Edgar Link unprocessable
ovv-20200630_pre.xml Edgar Link unprocessable
ovv-ex101_991.htm Edgar Link pending
ovv-ex102_1092.htm Edgar Link pending
ovv-ex311_11.htm Edgar Link pending
ovv-ex312_9.htm Edgar Link pending
ovv-ex321_7.htm Edgar Link pending
ovv-ex322_6.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R100.htm Edgar Link pending
R101.htm Edgar Link pending
R102.htm Edgar Link pending
R103.htm Edgar Link pending
R104.htm Edgar Link pending
R105.htm Edgar Link pending
R106.htm Edgar Link pending
R107.htm Edgar Link pending
R108.htm Edgar Link pending
R109.htm Edgar Link pending
R11.htm Edgar Link pending
R110.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R98.htm Edgar Link pending
R99.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending