$OVV
Ovintiv Inc.

2020 Q4 Form 10-K Financial Statement

#000156459021006570 Filed on February 18, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020
Revenue $1.528B $1.190B $6.087B
YoY Change -2.36% -36.4% -9.5%
Cost Of Revenue $522.0M $501.0M $2.028B
YoY Change 9.21% 1.21% 6.4%
Gross Profit $1.006B $689.0M $4.059B
YoY Change -7.45% -49.93% -15.79%
Gross Profit Margin 65.84% 57.9% 66.68%
Selling, General & Admin $474.0M $438.0M $1.923B
YoY Change -12.38% -12.92% -5.36%
% of Gross Profit 47.12% 63.57% 47.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $401.0M $406.0M $1.834B
YoY Change -28.52% -25.5% -8.98%
% of Gross Profit 39.86% 58.93% 45.18%
Operating Expenses $878.0M $2.696B $11.48B
YoY Change -20.97% 73.26% 87.4%
Operating Profit $128.0M -$1.506B -$5.397B
YoY Change -557.14% -578.1% -1002.51%
Interest Expense -$58.00M $97.00M $371.0M
YoY Change 45.0% -2.02% -2.88%
% of Operating Profit -45.31%
Other Income/Expense, Net $7.000M $18.00M $55.00M
YoY Change 600.0% 1700.0% -339.13%
Pretax Income -$642.0M -$1.560B -$5.730B
YoY Change 844.12% -912.5% -1919.05%
Income Tax -$28.00M -$39.00M $367.0M
% Of Pretax Income
Net Earnings -$614.0M -$1.521B -$6.097B
YoY Change 10133.33% -1120.81% -2705.56%
Net Earnings / Revenue -40.18% -127.82% -100.16%
Basic Earnings Per Share -$2.36 -$5.85 -$23.47
Diluted Earnings Per Share -$2.36 -$5.85 -$23.47
COMMON SHARES
Basic Shares Outstanding 259.8M 259.8M
Diluted Shares Outstanding 259.8M 259.8M

Balance Sheet

Concept 2020 Q4 2020 Q3 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00M $32.00M $10.00M
YoY Change -94.74% -76.81% -94.74%
Cash & Equivalents $10.00M $32.00M $10.00M
Short-Term Investments
Other Short-Term Assets $38.00M $170.0M $98.00M
YoY Change -7.32% -40.14% -58.65%
Inventory
Prepaid Expenses $23.00M
Receivables $928.0M $766.0M $867.0M
Other Receivables $272.0M $251.0M $272.0M
Total Short-Term Assets $1.247B $1.219B $1.247B
YoY Change -33.28% -34.64% -33.28%
LONG-TERM ASSETS
Property, Plant & Equipment $9.450B $10.22B $10.44B
YoY Change -37.79% -36.78% -35.7%
Goodwill $2.625B $2.594B
YoY Change 0.54%
Intangibles
YoY Change
Long-Term Investments $30.00M
YoY Change 7.14%
Other Assets $1.143B $1.121B $62.00M
YoY Change -5.77% 54.62% -90.61%
Total Long-Term Assets $13.22B $13.94B $13.22B
YoY Change -32.6% -28.49% -32.6%
TOTAL ASSETS
Total Short-Term Assets $1.247B $1.219B $1.247B
Total Long-Term Assets $13.22B $13.94B $13.22B
Total Assets $14.47B $15.16B $14.47B
YoY Change -32.66% -29.03% -32.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.704B $1.615B $306.0M
YoY Change -20.74% -23.2% -13.8%
Accrued Expenses $68.00M $66.00M $1.163B
YoY Change -12.82% -16.46% -30.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $518.0M $0.00 $600.0M
YoY Change -100.0% 574.16%
Total Short-Term Liabilities $2.423B $1.749B $2.423B
YoY Change -0.37% -23.32% -0.41%
LONG-TERM LIABILITIES
Long-Term Debt $6.367B $7.142B $6.406B
YoY Change -8.7% -0.36% -9.71%
Other Long-Term Liabilities $358.0M $377.0M $1.783B
YoY Change -22.84% -79.1% -1.65%
Total Long-Term Liabilities $6.725B $7.519B $8.189B
YoY Change -9.59% -16.19% -8.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.423B $1.749B $2.423B
Total Long-Term Liabilities $6.725B $7.519B $8.189B
Total Liabilities $10.63B $10.81B $10.63B
YoY Change -8.0% -5.51% -8.01%
SHAREHOLDERS EQUITY
Retained Earnings -$5.773B
YoY Change -1471.26%
Common Stock $8.534B
YoY Change 0.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.837B $4.352B $3.837B
YoY Change
Total Liabilities & Shareholders Equity $14.47B $15.16B $14.47B
YoY Change -32.66% -29.03% -32.66%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020
OPERATING ACTIVITIES
Net Income -$614.0M -$1.521B -$6.097B
YoY Change 10133.33% -1120.81% -2705.56%
Depreciation, Depletion And Amortization $401.0M $406.0M $1.834B
YoY Change -28.52% -25.5% -8.98%
Cash From Operating Activities $719.0M $493.0M $1.895B
YoY Change -1.51% -34.79% -35.12%
INVESTING ACTIVITIES
Capital Expenditures -$343.0M $351.0M $1.736B
YoY Change -40.24% -37.99% -33.89%
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities -$104.0M -$68.00M $198.0M
YoY Change 511.76% -147.89% 26.92%
Cash From Investing Activities -$447.0M -$245.0M -$1.864B
YoY Change -24.37% -56.41% -27.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0% -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -294.0M -256.0M -206.0M
YoY Change 234.09% -8.57% -83.36%
NET CHANGE
Cash From Operating Activities 719.0M 493.0M 1.895B
Cash From Investing Activities -447.0M -245.0M -1.864B
Cash From Financing Activities -294.0M -256.0M -206.0M
Net Change In Cash -22.00M -7.000M -180.0M
YoY Change -143.14% -91.86% -79.26%
FREE CASH FLOW
Cash From Operating Activities $719.0M $493.0M $1.895B
Capital Expenditures -$343.0M $351.0M $1.736B
Free Cash Flow $1.062B $142.0M $159.0M
YoY Change -18.56% -25.26% -46.1%

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46000000
CY2020 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
CY2019 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3000000
CY2018 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
5000000
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
19000000
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
57000000
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
70000000
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
173000000
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
97000000
CY2018 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
60000000
CY2020 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-139000000
CY2019 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-87000000
CY2018 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-245000000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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1895000000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2921000000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2300000000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1736000000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2626000000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1975000000
CY2020 ovv Acquisitions
Acquisitions
19000000
CY2019 ovv Acquisitions
Acquisitions
65000000
CY2018 ovv Acquisitions
Acquisitions
17000000
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-94000000
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
89000000
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
197000000
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
493000000
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
198000000
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
156000000
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
56000000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1864000000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2556000000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1555000000
CY2020 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
252000000
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
97000000
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
102000000
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
56000000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
89000000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
84000000
CY2018 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
90000000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-206000000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1238000000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-396000000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-868000000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
339000000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
719000000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10000000
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
CY2020Q4 us-gaap Cash
Cash
9000000
CY2019Q4 us-gaap Cash
Cash
44000000
CY2018Q4 us-gaap Cash
Cash
52000000
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
1000000
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
146000000
CY2018Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
1006000000
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
0
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
0
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
0
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10000000
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
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
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:5.77%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">E)</span></p></td> <td valign="top"> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:11pt;">USE OF ESTIMATES</p></td></tr></table></div> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Preparation of the Consolidated Financial Statements in conformity with U.S. GAAP requires Management to make informed estimates and assumptions and use judgments that affect reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the period. Such estimates primarily relate to unsettled transactions and events as of the date of the Consolidated Financial Statements. Accordingly, actual results may differ from estimated amounts as future events occur.</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Significant items subject to estimates and assumptions are:</p> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Estimates of proved reserves used for depletion and ceiling test impairment calculations</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Estimated fair value of long-term assets used for impairment calculations</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Fair value of reporting units used for the assessment of goodwill</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Estimates of future taxable earnings used to assess the realizable value of deferred tax assets</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Estimates of incremental borrowing rates and lease terms used in the measurement of right-of-use (“ROU”) assets and lease liabilities</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Fair value of asset retirement costs and related obligations</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Fair value of derivative instruments</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Fair value attributed to assets acquired and liabilities assumed in business combinations</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Tax interpretations, regulations and legislation in the various jurisdictions in which the Company and its subsidiaries operate</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Accruals for long-term performance-based compensation arrangements, including whether or not the performance criteria will be met and measurement of the ultimate payout amount</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Recognized values of pension assets and obligations, as well as the pension costs charged to net earnings, depend on certain actuarial and economic assumptions</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Accruals for legal claims, environmental risks and exposures</span></p></td></tr></table></div>
CY2020 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
507000000
CY2019 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-361000000
CY2020 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
71000000
CY2019 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
74000000
CY2020 us-gaap Revenues
Revenues
6087000000
CY2019 us-gaap Revenues
Revenues
6726000000
CY2020 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
173000000
CY2019 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
254000000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1834000000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2015000000
CY2020 ovv Transportation And Processing Costs
TransportationAndProcessingCosts
1502000000
CY2019 ovv Transportation And Processing Costs
TransportationAndProcessingCosts
1558000000
CY2020 us-gaap Direct Operating Costs
DirectOperatingCosts
605000000
CY2019 us-gaap Direct Operating Costs
DirectOperatingCosts
732000000
CY2020 ovv Purchased Product Costs
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1366000000
CY2019 ovv Purchased Product Costs
PurchasedProductCosts
1043000000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
5580000000
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2018 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
29000000
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
37000000
CY2018 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
32000000
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
395000000
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
489000000
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
157000000
CY2020 us-gaap Operating Expenses
OperatingExpenses
11484000000
CY2019 us-gaap Operating Expenses
OperatingExpenses
6128000000
CY2018 us-gaap Operating Expenses
OperatingExpenses
4245000000
CY2018 us-gaap Interest Expense
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CY2019 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Before Tax
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0
CY2018 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Before Tax
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0
CY2020 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Tax
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CY2019 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Tax
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0
CY2018 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Tax
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CY2020 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Settlement Before Tax
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CY2019 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Settlement Before Tax
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0
CY2018 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Settlement Before Tax
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0
CY2020 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Settlement Tax
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CY2019 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Settlement Tax
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0
CY2018 ovv Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Settlement Tax
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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CY2020 ovv Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales And Issuances
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CY2019 ovv Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales And Issuances
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CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
153000000
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
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CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
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CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
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CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
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CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
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CY2020Q4 us-gaap Derivative Average Forward Exchange Rate1
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CY2020Q4 us-gaap Price Risk Derivatives At Fair Value Net
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CY2020Q4 ovv Guarantee Benefits And Obligations Current Carrying Value
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CY2020Q4 us-gaap Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
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CY2020Q4 ovv Risk Management And Other Derivative Guarantee At Fair Value
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CY2020Q4 us-gaap Derivative Notional Amount
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CY2020 us-gaap Gain Loss On Sale Of Derivatives
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CY2020 us-gaap Unrealized Gain Loss On Derivatives
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CY2019Q4 ovv Risk Management And Other Derivative Guarantee At Fair Value Net
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CY2020 ovv Settlement Of Other Derivative Contracts
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CY2020 ovv Amortization Of Option Premiums During Period
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CY2020 us-gaap Gain Loss On Sale Of Derivatives
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CY2020Q4 ovv Risk Management And Other Derivative Guarantee At Fair Value Net Before Premiums
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CY2020 us-gaap Unrealized Gain Loss On Derivatives
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CY2020Q4 us-gaap Derivative Assets
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CY2019Q4 us-gaap Derivative Assets
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CY2020 ovv Concentration Risk Credit Risk Financial Instrument Maximum Exposure Based On Net Fair Value Basis
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CY2019 ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
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CY2020 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2020 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2020 us-gaap Interest Paid
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CY2020Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
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CY2020Q4 us-gaap Contractual Obligation Due In Second Year
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CY2020Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
715000000
CY2020Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
513000000
CY2020Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
449000000
CY2020Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
2181000000
CY2020Q4 us-gaap Contractual Obligation
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5393000000
CY2017Q4 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
794.9
CY2018 srt Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
64.1
CY2018 srt Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
476.2
CY2018 srt Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
35.5
CY2018 srt Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
23.1
CY2018 srt Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
131.9
CY2018Q4 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
1215.7
CY2018Q4 srt Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
604.7
CY2018Q4 srt Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
611.0
CY2018Q4 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
1215.7
CY2018Q4 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
1215.7
CY2019 srt Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-158.7
CY2019 srt Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
605.3
CY2019 srt Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
796.6
CY2019 srt Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
64.1
CY2019 srt Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
206.2
CY2019Q4 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
2188.8
CY2019Q4 srt Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
1041.1
CY2019Q4 srt Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
1147.7
CY2019Q4 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
2188.8
CY2019Q4 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
2188.8
CY2020 srt Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-364.9
CY2020 srt Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
377.5
CY2020 srt Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
54.3
CY2020 srt Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
64.1
CY2020 srt Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
199.0
CY2020Q4 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
1992.5
CY2020 srt Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
377.5
CY2020 srt Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
54.3
CY2019 srt Proved Developed And Undeveloped Reserves Net Period Increase Decrease
ProvedDevelopedAndUndevelopedReservesNetPeriodIncreaseDecrease
973.1
CY2019 srt Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
206.2
CY2019 srt Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
605.3
CY2019 srt Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
796.6
CY2018 srt Proved Developed And Undeveloped Reserves Net Period Increase Decrease
ProvedDevelopedAndUndevelopedReservesNetPeriodIncreaseDecrease
420.8
CY2018 srt Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
131.9
CY2018 srt Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
64.1
CY2020Q4 srt Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
1111.3
CY2020Q4 srt Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
881.1
CY2020Q4 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
1992.5
CY2020 srt Proved Developed And Undeveloped Reserves Net Period Increase Decrease
ProvedDevelopedAndUndevelopedReservesNetPeriodIncreaseDecrease
-196.3
CY2020 srt Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
199.0
CY2018 srt Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
476.2
CY2018 srt Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
35.5
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
33249000000
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
56480000000
CY2018Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
38768000000
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
13066000000
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
17855000000
CY2018Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
11630000000
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
8046000000
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
13819000000
CY2018Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
7392000000
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
74000000
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
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CY2018Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
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CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
12063000000
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
22544000000
CY2018Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
17487000000
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
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6141000000
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
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10928000000
CY2018Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
7883000000
CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
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CY2019Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
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CY2018Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
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CY2019Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
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CY2018Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
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CY2017Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
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CY2020 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
2010000000
CY2019 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
3547000000
CY2018 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
2711000000
CY2020 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
1220000000
CY2019 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
3437000000
CY2018 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
4430000000
CY2020 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
142000000
CY2019 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
5581000000
CY2018 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
468000000
CY2020 srt Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
352000000
CY2019 srt Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
931000000
CY2018 srt Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
202000000
CY2020 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
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CY2019 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
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CY2018 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
2148000000
CY2020 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
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CY2019 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-1400000000
CY2018 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
647000000
CY2020 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
1222000000
CY2019 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
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1046000000
CY2018 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
437000000
CY2020 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
1876000000
CY2019 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
2660000000
CY2018 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
1980000000
CY2020 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
2835000000
CY2019 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-1249000000
CY2018 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
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CY2020 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
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CY2019 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
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CY2018 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
31000000
CY2020 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
591000000
CY2019 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
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262000000
CY2018 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
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CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
5922000000
CY2019Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
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CY2018Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
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CY2020 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
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CY2019 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
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CY2020 us-gaap Results Of Operations Production Or Lifting Costs
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CY2019 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
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CY2018 us-gaap Results Of Operations Production Or Lifting Costs
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CY2020 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
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CY2019 us-gaap Results Of Operations Transportation Costs
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CY2018 us-gaap Results Of Operations Transportation Costs
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CY2020 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
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CY2019 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
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CY2018 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
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CY2020 us-gaap Results Of Operations Impairment Of Oil And Gas Properties
ResultsOfOperationsImpairmentOfOilAndGasProperties
5580000000
CY2019 us-gaap Results Of Operations Impairment Of Oil And Gas Properties
ResultsOfOperationsImpairmentOfOilAndGasProperties
0
CY2018 us-gaap Results Of Operations Impairment Of Oil And Gas Properties
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CY2020 us-gaap Results Of Operations Accretion Of Asset Retirement Obligations
ResultsOfOperationsAccretionOfAssetRetirementObligations
29000000
CY2019 us-gaap Results Of Operations Accretion Of Asset Retirement Obligations
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CY2018 us-gaap Results Of Operations Accretion Of Asset Retirement Obligations
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CY2020 us-gaap Results Of Operations Income Before Income Taxes
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CY2019 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
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CY2018 us-gaap Results Of Operations Income Before Income Taxes
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CY2020 us-gaap Results Of Operations Income Tax Expense
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CY2019 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
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CY2018 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
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CY2020 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
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CY2019 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
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CY2018 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
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CY2020Q4 us-gaap Capitalized Costs Mineral Interests In Proved Properties
CapitalizedCostsMineralInterestsInProvedProperties
53883000000
CY2019Q4 us-gaap Capitalized Costs Mineral Interests In Proved Properties
CapitalizedCostsMineralInterestsInProvedProperties
51210000000
CY2018Q4 us-gaap Capitalized Costs Mineral Interests In Proved Properties
CapitalizedCostsMineralInterestsInProvedProperties
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CY2020Q4 us-gaap Capitalized Costs Mineral Interests In Unproved Properties
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CY2019Q4 us-gaap Capitalized Costs Mineral Interests In Unproved Properties
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CY2018Q4 us-gaap Capitalized Costs Mineral Interests In Unproved Properties
CapitalizedCostsMineralInterestsInUnprovedProperties
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CY2020Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
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CY2019Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
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CY2020Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
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CY2019Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
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CY2020Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
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CY2019Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
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CY2018Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
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CY2020 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
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CY2019 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
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CY2018 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
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CY2020 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 With Proved Reserves
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CY2018 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
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CY2020 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
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CY2019 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
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CY2018 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
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CY2020 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
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CY2019 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
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CY2018 us-gaap Costs Incurred Exploration Costs
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CY2020 us-gaap Costs Incurred Development Costs
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CY2019 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
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CY2018 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
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CY2020 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
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CY2019 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
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CY2018 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
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CY2020Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
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CY2020Q4 us-gaap Acquisition Costs Cumulative
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CY2020Q4 us-gaap Exploration Costs Cumulative
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CY2020Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
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CY2020Q4 us-gaap Revenues
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CY2020Q3 us-gaap Revenues
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CY2020Q4 us-gaap Asset Impairment Charges
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CY2020Q2 us-gaap Asset Impairment Charges
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CY2020Q1 us-gaap Asset Impairment Charges
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CY2020Q2 us-gaap Operating Income Loss
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CY2020Q1 us-gaap Operating Income Loss
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CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020Q1 us-gaap Income Tax Expense Benefit
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CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-4383000000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
421000000
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.36
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.85
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-16.87
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.62
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.36
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.85
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-16.87
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.62
CY2019Q4 us-gaap Revenues
Revenues
1565000000
CY2019Q3 us-gaap Revenues
Revenues
1871000000
CY2019Q2 us-gaap Revenues
Revenues
2055000000
CY2019Q1 us-gaap Revenues
Revenues
1235000000
CY2019Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2019Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2019Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2019Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-28000000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
315000000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
538000000
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-227000000
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-68000000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
192000000
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
497000000
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-306000000
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-62000000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43000000
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
161000000
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-61000000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-6000000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
149000000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
336000000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-245000000
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.56
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.22
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.00

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