$OVV
Ovintiv Inc.

2021 Q3 Form 10-Q Financial Statement

#000156459021054364 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3 2020 Q2
Revenue $1.789B $1.190B $726.0M
YoY Change 50.34% -36.4% -64.67%
Cost Of Revenue $989.0M $501.0M $492.0M
YoY Change 97.41% 1.21% 7.66%
Gross Profit $800.0M $689.0M $234.0M
YoY Change 16.11% -49.93% -85.36%
Gross Profit Margin 44.72% 57.9% 32.23%
Selling, General & Admin $492.0M $438.0M $460.0M
YoY Change 12.33% -12.92% -8.18%
% of Gross Profit 61.5% 63.57% 196.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $297.0M $406.0M $493.0M
YoY Change -26.85% -25.5% -7.33%
% of Gross Profit 37.13% 58.93% 210.68%
Operating Expenses $794.0M $2.696B $4.785B
YoY Change -70.55% 73.26% 215.43%
Operating Profit $6.000M -$1.506B -$4.059B
YoY Change -100.4% -578.1% -854.46%
Interest Expense $77.00M $97.00M $86.00M
YoY Change -20.62% -2.02% -13.13%
% of Operating Profit 1283.33%
Other Income/Expense, Net $6.000M $18.00M $16.00M
YoY Change -66.67% 1700.0% 433.33%
Pretax Income -$71.00M -$1.560B -$4.089B
YoY Change -95.45% -912.5% -922.74%
Income Tax $1.000M -$39.00M $294.0M
% Of Pretax Income
Net Earnings -$72.00M -$1.521B -$4.383B
YoY Change -95.27% -1120.81% -1404.46%
Net Earnings / Revenue -4.02% -127.82% -603.72%
Basic Earnings Per Share -$0.28 -$5.85 -$16.87
Diluted Earnings Per Share -$275.8K -$5.85 -$16.87
COMMON SHARES
Basic Shares Outstanding 261.1M 259.8M 259.8M
Diluted Shares Outstanding 261.1M 259.8M 259.8M

Balance Sheet

Concept 2021 Q3 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.000M $32.00M $39.00M
YoY Change -75.0% -76.81% -76.65%
Cash & Equivalents $8.000M $32.00M $39.00M
Short-Term Investments
Other Short-Term Assets $1.000M $170.0M $347.0M
YoY Change -99.41% -40.14% 29.48%
Inventory
Prepaid Expenses
Receivables $1.221B $766.0M $819.0M
Other Receivables $98.00M $251.0M $269.0M
Total Short-Term Assets $1.328B $1.219B $1.474B
YoY Change 8.94% -34.64% -24.41%
LONG-TERM ASSETS
Property, Plant & Equipment $8.590B $10.22B $11.64B
YoY Change -15.97% -36.78% -28.88%
Goodwill $2.624B $2.594B $2.580B
YoY Change 1.16%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.094B $1.121B $1.105B
YoY Change -2.41% 54.62% 32.49%
Total Long-Term Assets $12.31B $13.94B $15.32B
YoY Change -11.69% -28.49% -22.61%
TOTAL ASSETS
Total Short-Term Assets $1.328B $1.219B $1.474B
Total Long-Term Assets $12.31B $13.94B $15.32B
Total Assets $13.64B $15.16B $16.80B
YoY Change -10.03% -29.03% -22.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.866B $1.615B $1.529B
YoY Change 15.54% -23.2% -32.49%
Accrued Expenses $63.00M $66.00M $68.00M
YoY Change -4.55% -16.46% -21.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $3.351B $1.749B $1.653B
YoY Change 91.6% -23.32% -32.42%
LONG-TERM LIABILITIES
Long-Term Debt $4.791B $7.142B $7.366B
YoY Change -32.92% -0.36% 2.04%
Other Long-Term Liabilities $215.0M $377.0M $390.0M
YoY Change -42.97% -79.1% -79.91%
Total Long-Term Liabilities $5.006B $7.519B $7.756B
YoY Change -33.42% -16.19% -15.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.351B $1.749B $1.653B
Total Long-Term Liabilities $5.006B $7.519B $7.756B
Total Liabilities $9.839B $10.81B $10.92B
YoY Change -8.94% -5.51% -6.9%
SHAREHOLDERS EQUITY
Retained Earnings -$5.827B
YoY Change
Common Stock $8.556B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.797B $4.352B $5.873B
YoY Change
Total Liabilities & Shareholders Equity $13.64B $15.16B $16.80B
YoY Change -10.03% -29.03% -22.77%

Cashflow Statement

Concept 2021 Q3 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income -$72.00M -$1.521B -$4.383B
YoY Change -95.27% -1120.81% -1404.46%
Depreciation, Depletion And Amortization $297.0M $406.0M $493.0M
YoY Change -26.85% -25.5% -7.33%
Cash From Operating Activities $812.0M $493.0M $117.0M
YoY Change 64.71% -34.79% -87.09%
INVESTING ACTIVITIES
Capital Expenditures $365.0M $351.0M $252.0M
YoY Change 3.99% -37.99% -66.4%
Acquisitions $0.00 $0.00
YoY Change
Other Investing Activities -$6.000M -$68.00M $272.0M
YoY Change -91.18% -147.89% 806.67%
Cash From Investing Activities -$367.0M -$245.0M -$517.0M
YoY Change 49.8% -56.41% -34.97%
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 -557.0M -256.0M 335.0M
YoY Change 117.58% -8.57% -179.38%
NET CHANGE
Cash From Operating Activities 812.0M 493.0M 117.0M
Cash From Investing Activities -367.0M -245.0M -517.0M
Cash From Financing Activities -557.0M -256.0M 335.0M
Net Change In Cash -114.0M -7.000M -64.00M
YoY Change 1528.57% -91.86% -79.35%
FREE CASH FLOW
Cash From Operating Activities $812.0M $493.0M $117.0M
Capital Expenditures $365.0M $351.0M $252.0M
Free Cash Flow $447.0M $142.0M -$135.0M
YoY Change 214.79% -25.26% -186.54%

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CY2020Q3 ovv Transportation And Processing Costs
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CY2020Q3 us-gaap Direct Operating Costs
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CY2021Q3 ovv Purchased Product Costs
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CY2020Q3 ovv Purchased Product Costs
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CY2020Q3 us-gaap Depreciation Depletion And Amortization
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CY2020Q3 us-gaap Asset Impairment Charges
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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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us-gaap Revenues
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us-gaap Revenues
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us-gaap Taxes Excluding Income And Excise Taxes
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us-gaap Taxes Excluding Income And Excise Taxes
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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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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 Retirement Obligation Accretion Expense
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us-gaap General And Administrative Expense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020Q3 us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2021Q3 us-gaap Goodwill
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CY2020Q4 us-gaap Goodwill
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CY2021Q3 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Property Plant And Equipment Net
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CY2021Q3 us-gaap Assets
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CY2020Q4 us-gaap Assets
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CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020Q3 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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CY2021Q3 us-gaap Contract With Customer Asset Net
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CY2021Q3 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Contract With Customer Asset Net
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CY2021Q3 us-gaap Receivables Long Term Contracts Or Programs
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CY2020Q4 us-gaap Receivables Long Term Contracts Or Programs
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CY2021Q3 us-gaap Revenue Remaining Performance Obligation
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CY2021Q3 us-gaap Interest Expense Debt
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CY2020Q3 us-gaap Interest Expense Debt
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us-gaap Interest Expense Debt
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CY2021Q3 us-gaap Finance Lease Interest Expense
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CY2020Q3 us-gaap Finance Lease Interest Expense
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us-gaap Finance Lease Interest Expense
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CY2021Q3 ovv Interest Expense Recovery Other
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CY2020Q3 ovv Interest Expense Recovery Other
InterestExpenseRecoveryOther
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ovv Interest Expense Recovery Other
InterestExpenseRecoveryOther
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CY2021Q3 us-gaap Interest Expense
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CY2020Q3 us-gaap Interest Expense
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us-gaap Interest Expense
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CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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CY2020Q3 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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CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2020Q3 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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CY2021Q3 us-gaap Current Income Tax Expense Benefit
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CY2021Q3 us-gaap Deferred Income Tax Expense Benefit
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CY2021Q3 us-gaap Income Tax Expense Benefit
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us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q3 ovv Acquisitions
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CY2020Q3 ovv Acquisitions
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ovv Acquisitions
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ovv Acquisitions
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CY2021Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2020Q3 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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CY2021Q3 us-gaap Payments For Proceeds From Productive Assets
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CY2020Q3 us-gaap Payments For Proceeds From Productive Assets
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us-gaap Payments For Proceeds From Productive Assets
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us-gaap Payments For Proceeds From Productive Assets
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CY2021Q3 us-gaap Property Plant And Equipment Gross
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CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q3 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Property Plant And Equipment Gross
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CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2020Q4 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 Operating Sublease Income Due Year One
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ovv Operating Sublease Income Due Year Thereafter
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ovv Operating Sublease Income
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CY2021Q3 us-gaap Operating Lease Lease Income
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us-gaap Operating Lease Lease 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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CY2021Q3 us-gaap Variable 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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CY2021Q3 ovv Revolving Credit Facility And Commercial Paper
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CY2020Q4 ovv Revolving Credit Facility And Commercial Paper
RevolvingCreditFacilityAndCommercialPaper
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CY2021Q3 us-gaap Debt Instrument Carrying Amount
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CY2020Q4 us-gaap Debt Instrument Carrying Amount
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IncreaseInValueOfDebtAcquired
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CY2020Q4 ovv Increase In Value Of Debt Acquired
IncreaseInValueOfDebtAcquired
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CY2021Q3 us-gaap Debt Instrument Unamortized Discount
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CY2020Q4 us-gaap Debt Instrument Unamortized Discount
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CY2021Q3 us-gaap Long Term Debt
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CY2020Q4 us-gaap Long Term Debt
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CY2021Q3 us-gaap Long Term Debt Current
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CY2020Q4 us-gaap Long Term Debt Current
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CY2021Q3 us-gaap Long Term Debt Noncurrent
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CY2020Q4 us-gaap Long Term Debt Noncurrent
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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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CY2021Q3 us-gaap Long Term Debt
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CY2020Q4 us-gaap Long Term Debt
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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 Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2020Q2 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
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us-gaap Restructuring Charges
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CY2021Q3 us-gaap Restructuring And Related Cost Expected Cost1
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us-gaap Severance Costs1
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ovv Outplacement Moving And Other Expenses
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us-gaap Restructuring Charges
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CY2019Q4 us-gaap Restructuring Reserve
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CY2020 us-gaap Restructuring Charges
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CY2020 us-gaap Payments For Restructuring
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CY2020Q4 us-gaap Restructuring Reserve
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ovv Compensation Costs Recorded For Cash Settled Transactions
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ovv Compensation Costs Recorded For Equity Settled Transactions
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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CY2020Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
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CY2020Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
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CY2020Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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us-gaap Defined Contribution Plan Cost Recognized
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us-gaap Pension And Other Postretirement Benefit Expense
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us-gaap Defined Benefit Plan Service Cost
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us-gaap Defined Benefit Plan Interest Cost
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us-gaap Defined Benefit Plan Expected Return On Plan Assets
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us-gaap Defined Benefit Plan Amortization Of Gains Losses
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us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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214000000
ovv Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales And Issuances
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesAndIssuances
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
83000000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
0
CY2020Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
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131000000
CY2021Q3 ovv Guarantee Benefits And Obligations Current Carrying Value
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CY2021Q3 us-gaap Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
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CY2021Q3 ovv Risk Management And Other Derivative Guarantee At Fair Value Net
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CY2021Q3 us-gaap Gain Loss On Sale Of Derivatives
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CY2020Q3 us-gaap Gain Loss On Sale Of Derivatives
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us-gaap Gain Loss On Sale Of Derivatives
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us-gaap Gain Loss On Sale Of Derivatives
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CY2021Q3 us-gaap Unrealized Gain Loss On Derivatives
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CY2020Q3 us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Derivatives
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CY2021Q3 us-gaap Derivative Gain Loss On Derivative Net
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CY2020Q3 us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
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CY2020Q4 ovv Risk Management And Other Derivative Guarantee At Fair Value Net
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ovv Settlement Of Other Derivative Contracts
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ovv Fair Value Of Other Derivative Contract Assets Entered Into During Period
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us-gaap Gain Loss On Sale Of Derivatives
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us-gaap Gain Loss On Sale Of Derivatives
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us-gaap Gain Loss On Sale Of Derivatives
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CY2021Q3 ovv Risk Management And Other Derivative Guarantee At Fair Value Net
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Derivatives
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CY2021Q3 us-gaap Derivative Assets Current
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CY2020Q4 us-gaap Derivative Assets Current
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CY2021Q3 us-gaap Derivative Assets Noncurrent
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CY2020Q4 us-gaap Derivative Assets Noncurrent
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CY2021Q3 us-gaap Derivative Assets
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CY2020Q4 us-gaap Derivative Assets
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CY2021Q3 us-gaap Derivative Liabilities Current
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CY2020Q4 us-gaap Derivative Liabilities Current
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CY2021Q3 us-gaap Derivative Liabilities Noncurrent
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CY2020Q4 us-gaap Derivative Liabilities Noncurrent
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CY2021Q3 us-gaap Derivative Liabilities
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CY2020Q4 us-gaap Derivative Liabilities
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CY2021Q3 ovv Other Derivative Contract Assets
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CY2020Q4 ovv Other Derivative Contract Assets
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CY2021Q3 us-gaap Guarantee Obligations Current Carrying Value
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CY2020Q4 us-gaap Guarantee Obligations Current Carrying Value
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CY2021Q3 ovv Risk Management And Other Derivative Guarantee At Fair Value Net
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CY2020Q4 ovv Risk Management And Other Derivative Guarantee At Fair Value Net
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us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
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ovv Concentration Risk Credit Risk Financial Instrument Maximum Exposure Based On Net Fair Value Basis
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CY2021Q3 us-gaap Number Of Credit Risk Derivatives Held
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CY2021Q3 us-gaap Debt Instrument Collateral Amount
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ovv Percent Of Accounts Receivable And Financial Derivative Credit Exposures With Investment Grade Counterparties
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CY2020 ovv Percent Of Accounts Receivable And Financial Derivative Credit Exposures With Investment Grade Counterparties
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CY2021Q3 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
6000000
CY2020Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
8000000
CY2021Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
63000000
CY2021Q3 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
25000000
CY2020Q3 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-78000000
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
287000000
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-289000000
CY2021Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13000000
CY2020Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
42000000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
211000000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-212000000
CY2021Q3 ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
-9000000
CY2020Q3 ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
-4000000
ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
-5000000
ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
-10000000
CY2021Q3 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-2000000
CY2020Q3 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
26000000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
23000000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
39000000
CY2021Q3 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
23000000
CY2020Q3 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-142000000
us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
58000000
us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-106000000
CY2021Q3 ovv Rou Operating Lease Assets And Liabilities
ROUOperatingLeaseAssetsAndLiabilities
4000000
CY2020Q3 ovv Rou Operating Lease Assets And Liabilities
ROUOperatingLeaseAssetsAndLiabilities
5000000
ovv Rou Operating Lease Assets And Liabilities
ROUOperatingLeaseAssetsAndLiabilities
22000000
ovv Rou Operating Lease Assets And Liabilities
ROUOperatingLeaseAssetsAndLiabilities
6000000
CY2021Q3 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0
CY2020Q3 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2000000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
11000000
CY2021Q3 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0
CY2020Q3 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-10000000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
12000000
CY2021Q3 ovv Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
4000000
CY2020Q3 ovv Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
68000000
ovv Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
-33000000
ovv Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
-62000000
CY2021Q3 ovv Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
5000000
CY2020Q3 ovv Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
2000000
ovv Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
12000000
ovv Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
-7000000
CY2021Q3 us-gaap Contribution Of Property
ContributionOfProperty
18000000
CY2020Q3 us-gaap Contribution Of Property
ContributionOfProperty
212000000
us-gaap Contribution Of Property
ContributionOfProperty
24000000
us-gaap Contribution Of Property
ContributionOfProperty
229000000
CY2021Q3 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
216000000
CY2021Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
799000000
CY2021Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
719000000
CY2021Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
523000000
CY2021Q3 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
459000000
CY2021Q3 ovv Contractual Obligation Due After Fourth Year
ContractualObligationDueAfterFourthYear
2336000000
CY2021Q3 us-gaap Contractual Obligation
ContractualObligation
5052000000

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