$OVV
Ovintiv Inc.

2020 Q3 Form 10-Q Financial Statement

#000156459020049219 Filed on October 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $1.190B $1.871B $2.055B
YoY Change -36.4% 48.26% 109.05%
Cost Of Revenue $501.0M $495.0M $457.0M
YoY Change 1.21% 11.74% 14.82%
Gross Profit $689.0M $1.376B $1.598B
YoY Change -49.93% 68.01% 173.16%
Gross Profit Margin 57.9% 73.54% 77.76%
Selling, General & Admin $438.0M $503.0M $501.0M
YoY Change -12.92% 46.65% 27.48%
% of Gross Profit 63.57% 36.56% 31.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $406.0M $545.0M $532.0M
YoY Change -25.5% 56.16% 77.33%
% of Gross Profit 58.93% 39.61% 33.29%
Operating Expenses $2.696B $1.556B $1.517B
YoY Change 73.26% 122.29% 116.41%
Operating Profit -$1.506B $315.0M $538.0M
YoY Change -578.1% 164.71% -563.79%
Interest Expense $97.00M $99.00M $99.00M
YoY Change -2.02% -286.79% -210.0%
% of Operating Profit 31.43% 18.4%
Other Income/Expense, Net $18.00M $1.000M $3.000M
YoY Change 1700.0% -104.76% -118.75%
Pretax Income -$1.560B $192.0M $497.0M
YoY Change -912.5% 326.67% -324.89%
Income Tax -$39.00M $43.00M $161.0M
% Of Pretax Income 22.4% 32.39%
Net Earnings -$1.521B $149.0M $336.0M
YoY Change -1120.81% 282.05% -322.52%
Net Earnings / Revenue -127.82% 7.96% 16.35%
Basic Earnings Per Share -$5.85
Diluted Earnings Per Share -$5.85 $563.1K $1.217M
COMMON SHARES
Basic Shares Outstanding 259.8M 264.6M 276.2M
Diluted Shares Outstanding 259.8M 264.6M 276.2M

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.00M $138.0M $167.0M
YoY Change -76.81% -77.56% -50.3%
Cash & Equivalents $32.00M $138.0M $224.0M
Short-Term Investments
Other Short-Term Assets $170.0M $284.0M $268.0M
YoY Change -40.14% 94.52% 54.02%
Inventory
Prepaid Expenses
Receivables $766.0M $1.127B $1.195B
Other Receivables $251.0M $316.0M $320.0M
Total Short-Term Assets $1.219B $1.865B $1.950B
YoY Change -34.64% -1.11% 4.95%
LONG-TERM ASSETS
Property, Plant & Equipment $10.22B $16.17B $16.36B
YoY Change -36.78% 69.63% 75.6%
Goodwill $2.594B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.121B $725.0M $834.0M
YoY Change 54.62% -44.7% -39.39%
Total Long-Term Assets $13.94B $19.49B $19.80B
YoY Change -28.49% 45.11% 49.19%
TOTAL ASSETS
Total Short-Term Assets $1.219B $1.865B $1.950B
Total Long-Term Assets $13.94B $19.49B $19.80B
Total Assets $15.16B $21.36B $21.75B
YoY Change -29.03% 39.42% 43.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.615B $2.103B $2.265B
YoY Change -23.2% 20.1% 38.79%
Accrued Expenses $66.00M $79.00M $87.00M
YoY Change -16.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $88.00M $86.00M
YoY Change -100.0% -82.4% -82.8%
Total Short-Term Liabilities $1.749B $2.281B $2.446B
YoY Change -23.32% -15.58% -3.59%
LONG-TERM LIABILITIES
Long-Term Debt $7.142B $7.168B $7.219B
YoY Change -0.36% 82.35% 82.67%
Other Long-Term Liabilities $377.0M $1.804B $1.941B
YoY Change -79.1% -16.4% -8.01%
Total Long-Term Liabilities $7.519B $8.972B $9.160B
YoY Change -16.19% 47.35% 51.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.749B $2.281B $2.446B
Total Long-Term Liabilities $7.519B $8.972B $9.160B
Total Liabilities $10.81B $11.44B $11.73B
YoY Change -5.51% 29.59% 35.93%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.352B $9.921B $10.02B
YoY Change
Total Liabilities & Shareholders Equity $15.16B $21.36B $21.75B
YoY Change -29.03% 39.42% 43.75%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income -$1.521B $149.0M $336.0M
YoY Change -1120.81% 282.05% -322.52%
Depreciation, Depletion And Amortization $406.0M $545.0M $532.0M
YoY Change -25.5% 56.16% 77.33%
Cash From Operating Activities $493.0M $756.0M $906.0M
YoY Change -34.79% -14.58% 90.74%
INVESTING ACTIVITIES
Capital Expenditures $351.0M $566.0M $750.0M
YoY Change -37.99% -208.22% -226.05%
Acquisitions $0.00 $0.00 $0.00
YoY Change
Other Investing Activities -$68.00M $142.0M $30.00M
YoY Change -147.89% 14100.0% -80.13%
Cash From Investing Activities -$245.0M -$562.0M -$795.0M
YoY Change -56.41% 7.66% 79.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $213.0M $637.0M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -256.0M -280.0M -422.0M
YoY Change -8.57% 221.84% 234.92%
NET CHANGE
Cash From Operating Activities 493.0M 756.0M 906.0M
Cash From Investing Activities -245.0M -562.0M -795.0M
Cash From Financing Activities -256.0M -280.0M -422.0M
Net Change In Cash -7.000M -86.00M -310.0M
YoY Change -91.86% -131.16% 226.32%
FREE CASH FLOW
Cash From Operating Activities $493.0M $756.0M $906.0M
Capital Expenditures $351.0M $566.0M $750.0M
Free Cash Flow $142.0M $190.0M $156.0M
YoY Change -25.26% -86.51% -85.42%

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CY2020Q3 us-gaap Revenues
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CY2019Q3 us-gaap Revenues
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CY2020Q3 ovv Transportation And Processing Costs
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CY2019Q3 ovv Transportation And Processing Costs
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CY2020Q3 us-gaap Direct Operating Costs
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CY2019Q3 us-gaap Direct Operating Costs
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CY2020Q3 ovv Purchased Product Costs
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CY2019Q3 ovv Purchased Product Costs
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CY2020Q3 us-gaap Depreciation Depletion And Amortization
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CY2019Q3 us-gaap Depreciation Depletion And Amortization
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CY2020Q3 us-gaap Asset Impairment Charges
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CY2019Q3 us-gaap Asset Impairment Charges
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CY2020Q3 us-gaap Asset Retirement Obligation Accretion Expense
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CY2019Q3 us-gaap Asset Retirement Obligation Accretion Expense
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CY2019Q3 us-gaap Gain Loss On Disposition Of Assets1
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CY2020Q3 us-gaap Other Nonoperating Income Expense
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CY2019Q3 us-gaap Other Nonoperating Income Expense
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CY2020Q3 ovv Non Operating Income Expenses
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CY2019Q3 ovv Non Operating Income Expenses
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CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020Q3 us-gaap Income Tax Expense Benefit
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CY2019Q3 us-gaap Income Tax Expense Benefit
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CY2020Q3 us-gaap Net Income Loss
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CY2019Q3 us-gaap Net Income Loss
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Gain Loss From Price Risk Management Activity
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us-gaap Gain Loss From Price Risk Management Activity
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us-gaap Operating Leases Income Statement Sublease Revenue
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us-gaap Operating Leases Income Statement Sublease Revenue
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us-gaap Revenues
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us-gaap Revenues
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ovv Transportation And Processing Costs
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ovv Transportation And Processing Costs
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us-gaap Direct Operating Costs
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us-gaap Direct Operating Costs
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ovv Purchased Product Costs
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ovv Purchased Product Costs
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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us-gaap Asset Retirement Obligation Accretion Expense
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us-gaap Asset Retirement Obligation Accretion Expense
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us-gaap General And Administrative Expense
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us-gaap Operating Expenses
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us-gaap Operating Expenses
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Tax Expense Benefit
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2020Q3 us-gaap Payments To Acquire Property Plant And Equipment
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CY2019Q3 us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2019 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
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CY2019 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
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CY2019 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
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CY2019 us-gaap Costs Incurred Exploration Costs
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CY2019 us-gaap Costs Incurred Development Costs
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2609000000
CY2019 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
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CY2020Q3 us-gaap Goodwill
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CY2019Q4 us-gaap Goodwill
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CY2019Q4 us-gaap Property Plant And Equipment Net
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CY2020Q3 us-gaap Assets
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CY2019Q4 us-gaap Assets
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CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020Q3 us-gaap Contract With Customer Asset Net
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CY2020Q3 us-gaap Contract With Customer Liability
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CY2019Q4 us-gaap Contract With Customer Liability
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CY2019Q4 us-gaap Contract With Customer Asset Net
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CY2020Q3 us-gaap Receivables Long Term Contracts Or Programs
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CY2019Q4 us-gaap Receivables Long Term Contracts Or Programs
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CY2020Q3 us-gaap Revenue Remaining Performance Obligation
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CY2020Q3 us-gaap Interest Expense Debt
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CY2019Q3 us-gaap Interest Expense Debt
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us-gaap Interest Expense Debt
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us-gaap Interest Expense Debt
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CY2020Q3 us-gaap Finance Lease Interest Expense
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CY2019Q3 us-gaap Finance Lease Interest Expense
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us-gaap Finance Lease Interest Expense
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us-gaap Finance Lease Interest Expense
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CY2020Q3 ovv Interest Expense Recovery Other
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CY2019Q3 ovv Interest Expense Recovery Other
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ovv Interest Expense Recovery Other
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ovv Interest Expense Recovery Other
InterestExpenseRecoveryOther
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CY2020Q3 us-gaap Interest Expense
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CY2019Q3 us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Interest Expense
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CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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CY2019Q3 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
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CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2019Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2020Q3 us-gaap Current Income Tax Expense Benefit
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us-gaap Current Income Tax Expense Benefit
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us-gaap Current Income Tax Expense Benefit
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CY2020Q3 us-gaap Deferred Income Tax Expense Benefit
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CY2019Q3 us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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CY2020Q3 us-gaap Income Tax Expense Benefit
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CY2019Q3 us-gaap Income Tax Expense Benefit
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CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Deferred Income Tax Expense Benefit
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CY2020Q3 ovv Acquisitions
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CY2019Q3 ovv Acquisitions
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ovv Acquisitions
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ovv Acquisitions
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CY2020Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2019Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2020Q3 us-gaap Payments For Proceeds From Productive Assets
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CY2019Q3 us-gaap Payments For Proceeds From Productive Assets
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us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
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us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
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CY2020Q3 us-gaap Property Plant And Equipment Gross
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CY2019Q4 us-gaap Property Plant And Equipment Gross
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CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2019Q4 us-gaap Property Plant And Equipment Net
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ovv Internal Costs Capitalized
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ovv Internal Costs Capitalized
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ovv Number Of Finance Lease Arrangements
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CY2020Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
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CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
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CY2020Q3 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
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CY2019Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
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ovv Operating Sublease Income Undiscounted Remainder Of Fiscal Year
OperatingSubleaseIncomeUndiscountedRemainderOfFiscalYear
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ovv Operating Sublease Income Due Year One
OperatingSubleaseIncomeDueYearOne
50000000
ovv Operating Sublease Income Due Year Two
OperatingSubleaseIncomeDueYearTwo
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ovv Operating Sublease Income Due Year Three
OperatingSubleaseIncomeDueYearThree
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ovv Operating Sublease Income Due Year Four
OperatingSubleaseIncomeDueYearFour
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ovv Operating Sublease Income Due Year Thereafter
OperatingSubleaseIncomeDueYearThereafter
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ovv Operating Sublease Income
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CY2020Q3 us-gaap Operating Lease Lease Income
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us-gaap Operating Lease Lease Income
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CY2019Q3 us-gaap Operating Lease Lease Income
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us-gaap Operating Lease Lease Income
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CY2020Q3 us-gaap Variable Lease Income
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us-gaap Variable Lease Income
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CY2019Q3 us-gaap Variable Lease Income
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us-gaap Variable Lease Income
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CY2020Q3 ovv Revolving Credit Facility And Commercial Paper
RevolvingCreditFacilityAndCommercialPaper
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CY2019Q4 ovv Revolving Credit Facility And Commercial Paper
RevolvingCreditFacilityAndCommercialPaper
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CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2020Q3 ovv Increase In Value Of Debt Acquired
IncreaseInValueOfDebtAcquired
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CY2019Q4 ovv Increase In Value Of Debt Acquired
IncreaseInValueOfDebtAcquired
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CY2020Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
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CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
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CY2020Q3 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt
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CY2020Q3 us-gaap Long Term Debt Current
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CY2019Q4 us-gaap Long Term Debt Current
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CY2020Q3 us-gaap Long Term Debt Noncurrent
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CY2019Q4 us-gaap Long Term Debt Noncurrent
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CY2020Q3 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt
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CY2020Q3 us-gaap Debt Instrument Repurchased Face Amount
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CY2020Q3 us-gaap Repayments Of Unsecured Debt
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us-gaap Repayments Of Unsecured Debt
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CY2020Q3 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
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us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
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CY2020Q3 us-gaap Commercial Paper Noncurrent
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CY2020Q3 us-gaap Long Term Debt
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CY2020Q3 us-gaap Long Term Debt Fair Value
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CY2019Q4 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt Fair Value
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CY2020Q3 us-gaap Finance Lease Liability Noncurrent
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CY2019Q4 us-gaap Finance Lease Liability Noncurrent
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CY2020Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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123000000
CY2019Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
119000000
CY2020Q3 us-gaap Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
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CY2019Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
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CY2020Q3 us-gaap Other Sundry Liabilities Noncurrent
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CY2019Q4 us-gaap Other Sundry Liabilities Noncurrent
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20000000
CY2020Q3 us-gaap Other Liabilities Noncurrent
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CY2019Q4 us-gaap Other Liabilities Noncurrent
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CY2019Q4 us-gaap Asset Retirement Obligation
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CY2018Q4 us-gaap Asset Retirement Obligation
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us-gaap Asset Retirement Obligation Liabilities Incurred
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CY2019 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
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ovv Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
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CY2019 ovv Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
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us-gaap Asset Retirement Obligation Liabilities Settled
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CY2019 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
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us-gaap Asset Retirement Obligation Revision Of Estimate
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CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
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us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
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CY2019 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
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CY2020Q3 us-gaap Asset Retirement Obligation
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CY2019Q4 us-gaap Asset Retirement Obligation
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CY2020Q3 us-gaap Asset Retirement Obligation Current
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CY2019Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
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CY2020Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
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CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
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CY2020Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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CY2020Q1 us-gaap Common Stock Shares Authorized
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CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2020Q1 us-gaap Preferred Stock Shares Authorized
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CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2019Q4 us-gaap Common Stock Shares Outstanding
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CY2019Q4 us-gaap Common Stock Value Outstanding
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CY2018Q4 us-gaap Common Stock Shares Outstanding
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CY2018Q4 us-gaap Common Stock Value Outstanding
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us-gaap Stock Repurchased And Retired During Period Shares
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us-gaap Stock Repurchased And Retired During Period Value
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CY2019 us-gaap Stock Repurchased And Retired During Period Shares
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CY2019 us-gaap Stock Repurchased And Retired During Period Value
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us-gaap Stock Issued During Period Shares New Issues
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2019 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2020Q3 us-gaap Common Stock Shares Outstanding
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CY2020Q3 us-gaap Common Stock Value Outstanding
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CY2019Q4 us-gaap Common Stock Shares Outstanding
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CY2019Q4 us-gaap Common Stock Value Outstanding
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CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2020Q3 us-gaap Dividends Common Stock
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CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2019Q3 us-gaap Dividends Common Stock
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us-gaap Common Stock Dividends Per Share Cash Paid
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us-gaap Dividends Common Stock
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us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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us-gaap Dividends Common Stock
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CY2020Q3 us-gaap Net Income Loss
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CY2019Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
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CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Earnings Per Share Basic And Diluted
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CY2020Q3 us-gaap Number Of Credit Risk Derivatives Held
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0
CY2020Q3 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
0
ovv Percent Of Accounts Receivable And Financial Derivative Credit Exposures With Investment Grade Counterparties
PercentOfAccountsReceivableAndFinancialDerivativeCreditExposuresWithInvestmentGradeCounterparties
0.97
CY2019 ovv Percent Of Accounts Receivable And Financial Derivative Credit Exposures With Investment Grade Counterparties
PercentOfAccountsReceivableAndFinancialDerivativeCreditExposuresWithInvestmentGradeCounterparties
0.95
CY2020Q3 ovv Number Of Counterparties With More Than Ten Percent Of Fair Value Of Outstanding Risk Management Contracts
NumberOfCounterpartiesWithMoreThanTenPercentOfFairValueOfOutstandingRiskManagementContracts
4
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
CY2020Q3 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
11000000
CY2019Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
9000000
CY2020Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
95000000
CY2020Q3 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-78000000
CY2019Q3 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-61000000
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-289000000
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-178000000
CY2020Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
42000000
CY2019Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-82000000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-212000000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-66000000
CY2020Q3 ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
-4000000
CY2019Q3 ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
-9000000
ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
-10000000
ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
52000000
CY2020Q3 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
26000000
CY2019Q3 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-2000000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
39000000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-34000000
CY2020Q3 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-142000000
CY2019Q3 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
32000000
us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-106000000
us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-130000000
CY2020Q3 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2000000
CY2019Q3 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2000000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
11000000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
13000000
CY2020Q3 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-10000000
CY2019Q3 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
12000000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0
CY2020Q3 ovv Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
68000000
CY2019Q3 ovv Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
-80000000
ovv Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
-62000000
ovv Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
-33000000
CY2020Q3 ovv Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
2000000
CY2019Q3 ovv Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
1000000
ovv Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
-7000000
ovv Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
-31000000
CY2020Q3 us-gaap Contribution Of Property
ContributionOfProperty
212000000
CY2019Q3 us-gaap Contribution Of Property
ContributionOfProperty
63000000
us-gaap Contribution Of Property
ContributionOfProperty
229000000
us-gaap Contribution Of Property
ContributionOfProperty
66000000
CY2020Q3 ovv New Rou Operating Lease Assets And Liabilities
NewROUOperatingLeaseAssetsAndLiabilities
5000000
CY2019Q3 ovv New Rou Operating Lease Assets And Liabilities
NewROUOperatingLeaseAssetsAndLiabilities
1000000
ovv New Rou Operating Lease Assets And Liabilities
NewROUOperatingLeaseAssetsAndLiabilities
6000000
ovv New Rou Operating Lease Assets And Liabilities
NewROUOperatingLeaseAssetsAndLiabilities
11000000
CY2020Q3 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
213000000
CY2020Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
701000000
CY2020Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
656000000
CY2020Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
548000000
CY2020Q3 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
439000000
CY2020Q3 ovv Contractual Obligation Due After Fourth Year
ContractualObligationDueAfterFourthYear
2314000000
CY2020Q3 us-gaap Contractual Obligation
ContractualObligation
4871000000

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