2022 Q3 Form 10-Q Financial Statement
#000156459022027941 Filed on August 04, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $3.549B | $3.736B | $1.967B |
YoY Change | 98.38% | 120.8% | 7.02% |
Cost Of Revenue | $1.310B | $1.413B | $1.348B |
YoY Change | 32.46% | 47.96% | 64.59% |
Gross Profit | $2.239B | $2.323B | $619.0M |
YoY Change | 179.88% | 215.2% | -39.25% |
Gross Profit Margin | 63.09% | 62.18% | 31.47% |
Selling, General & Admin | $571.0M | $524.0M | $551.0M |
YoY Change | 16.06% | 1.55% | 8.04% |
% of Gross Profit | 25.5% | 22.56% | 89.01% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $291.0M | $278.0M | $264.0M |
YoY Change | -2.02% | -10.61% | -14.29% |
% of Gross Profit | 13.0% | 11.97% | 42.65% |
Operating Expenses | $2.176B | $2.220B | $2.167B |
YoY Change | 174.06% | 22.45% | 31.89% |
Operating Profit | $1.373B | $1.516B | -$200.0M |
YoY Change | 22783.33% | -1352.89% | -202.56% |
Interest Expense | $83.00M | $91.00M | $74.00M |
YoY Change | 7.79% | -8.08% | -14.94% |
% of Operating Profit | 6.05% | 6.0% | |
Other Income/Expense, Net | $3.000M | $0.00 | $27.00M |
YoY Change | -50.0% | -100.0% | 50.0% |
Pretax Income | $1.274B | $1.422B | -$246.0M |
YoY Change | -1894.37% | -793.66% | -284.96% |
Income Tax | $88.00M | $65.00M | -$5.000M |
% Of Pretax Income | 6.91% | 4.57% | |
Net Earnings | $1.186B | $1.357B | -$241.0M |
YoY Change | -1747.22% | -761.95% | -177.99% |
Net Earnings / Revenue | 33.42% | 36.32% | -12.25% |
Basic Earnings Per Share | $4.70 | $5.28 | -$0.94 |
Diluted Earnings Per Share | $4.63 | $5.21 | -$0.94 |
COMMON SHARES | |||
Basic Shares Outstanding | 254.3M | 257.2M | 257.4M |
Diluted Shares Outstanding | 256.2M | 260.6M | 257.4M |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $18.00M | $8.000M | $271.0M |
YoY Change | 125.0% | -93.44% | 2911.11% |
Cash & Equivalents | $18.00M | $8.000M | $271.0M |
Short-Term Investments | |||
Other Short-Term Assets | $1.000M | $9.000M | $2.000M |
YoY Change | 0.0% | 200.0% | -81.82% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.626B | $1.952B | $1.797B |
Other Receivables | $57.00M | $61.00M | $98.00M |
Total Short-Term Assets | $1.702B | $2.030B | $2.168B |
YoY Change | 28.16% | 40.68% | 74.98% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $9.053B | $9.194B | $8.983B |
YoY Change | 5.39% | 7.72% | -5.58% |
Goodwill | $2.576B | $2.617B | $2.638B |
YoY Change | -1.83% | -0.98% | 0.19% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.000B | $1.078B | $1.111B |
YoY Change | -8.59% | -5.93% | -2.8% |
Total Long-Term Assets | $12.67B | $12.89B | $12.73B |
YoY Change | 2.96% | 4.62% | -4.23% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.702B | $2.030B | $2.168B |
Total Long-Term Assets | $12.67B | $12.89B | $12.73B |
Total Assets | $14.37B | $14.92B | $14.90B |
YoY Change | 5.41% | 8.4% | 2.52% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.216B | $2.463B | $2.215B |
YoY Change | 18.76% | 31.01% | 18.58% |
Accrued Expenses | $69.00M | $73.00M | $63.00M |
YoY Change | 9.52% | -1.35% | -14.86% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $440.0M | $215.0M | $0.00 |
YoY Change | -58.49% | -100.0% | |
Total Short-Term Liabilities | $3.309B | $3.991B | $3.983B |
YoY Change | -1.25% | 18.57% | 15.08% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $3.178B | $3.687B | $4.775B |
YoY Change | -33.67% | -23.12% | -9.91% |
Other Long-Term Liabilities | $153.0M | $154.0M | $170.0M |
YoY Change | -28.84% | -25.24% | -13.27% |
Total Long-Term Liabilities | $3.331B | $3.841B | $4.945B |
YoY Change | -33.46% | -23.21% | -10.03% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.309B | $3.991B | $3.983B |
Total Long-Term Liabilities | $3.331B | $3.841B | $4.945B |
Total Liabilities | $7.824B | $9.102B | $10.22B |
YoY Change | -20.48% | -7.43% | -1.77% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$2.355B | -$3.479B | |
YoY Change | -59.58% | -39.16% | |
Common Stock | $7.942B | $8.242B | |
YoY Change | -7.18% | -3.43% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $6.550B | $5.821B | $4.684B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $14.37B | $14.92B | $14.90B |
YoY Change | 5.41% | 8.4% | 2.52% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.186B | $1.357B | -$241.0M |
YoY Change | -1747.22% | -761.95% | -177.99% |
Depreciation, Depletion And Amortization | $291.0M | $278.0M | $264.0M |
YoY Change | -2.02% | -10.61% | -14.29% |
Cash From Operating Activities | $962.0M | $1.344B | $685.0M |
YoY Change | 18.47% | 79.2% | -17.17% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $511.0M | $511.0M | $451.0M |
YoY Change | 40.0% | 33.42% | 28.86% |
Acquisitions | $0.00 | $0.00 | |
YoY Change | |||
Other Investing Activities | -$34.00M | $0.00 | $34.00M |
YoY Change | 466.67% | -100.0% | -221.43% |
Cash From Investing Activities | -$264.0M | -$514.0M | -$417.0M |
YoY Change | -28.07% | -190.49% | 29.91% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $135.0M | $71.00M | |
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -689.0M | -1.089B | -193.0M |
YoY Change | 23.7% | -9.78% | -61.93% |
NET CHANGE | |||
Cash From Operating Activities | 962.0M | 1.344B | 685.0M |
Cash From Investing Activities | -264.0M | -514.0M | -417.0M |
Cash From Financing Activities | -689.0M | -1.089B | -193.0M |
Net Change In Cash | 10.00M | -263.0M | 76.00M |
YoY Change | -108.77% | -332.74% | -7700.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | $962.0M | $1.344B | $685.0M |
Capital Expenditures | $511.0M | $511.0M | $451.0M |
Free Cash Flow | $451.0M | $833.0M | $234.0M |
YoY Change | 0.89% | 126.98% | -50.94% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.45 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
116000000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
-13000000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-34000000 | ||
CY2022Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5821000000 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
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3837000000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
104000000 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.1875 | ||
CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.25 | |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
49000000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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1000000 | ||
CY2022Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
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64000000 | |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
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4134000000 | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
41000000 | ||
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
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3934000000 | |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
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CY2022Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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278000000 | |
CY2022Q2 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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5000000 | |
CY2022Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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58000000 | |
CY2022Q2 | ovv |
Unrealized Gain Loss On Derivatives Excluding Foreign Currency Derivatives
UnrealizedGainLossOnDerivativesExcludingForeignCurrencyDerivatives
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513000000 | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
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3934000000 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
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5074000000 | |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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1058000000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
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1116000000 | ||
CY2022Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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14923000000 | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
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4684000000 | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
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1357000000 | |
CY2022Q2 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
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7000000 | |
CY2022Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
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3991000000 | |
CY2022Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
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3687000000 | |
CY2022Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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876000000 | |
CY2022Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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154000000 | |
CY2022Q2 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
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15000000 | |
CY2022Q2 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
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326000000 | |
CY2022Q2 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
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53000000 | |
CY2022Q2 | us-gaap |
Liabilities
Liabilities
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9102000000 | |
CY2022Q2 | ovv |
Common And Preferred Stock Shares Authorized
CommonAndPreferredStockSharesAuthorized
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775000000 | |
CY2022Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
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CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022Q2 | us-gaap |
Common Stock Value
CommonStockValue
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CY2022Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
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CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-3479000000 | |
CY2021Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.09375 | |
CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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7000000 | |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
23000000 | |
CY2022Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
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-7000000 | |
CY2022Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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0 | |
CY2022Q2 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-32000000 | |
CY2022Q2 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
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13000000 | |
CY2022Q2 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
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-133000000 | |
CY2022Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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1344000000 | |
CY2022Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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511000000 | |
CY2022Q2 | ovv |
Acquisitions
Acquisitions
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7000000 | |
CY2022Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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4000000 | |
CY2022Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2022Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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-514000000 | |
CY2022Q2 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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215000000 | |
CY2022Q2 | us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
1103000000 | |
CY2022Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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135000000 | |
CY2022Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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64000000 | |
CY2022Q2 | ovv |
Finance Lease Principal Payments And Other
FinanceLeasePrincipalPaymentsAndOther
|
2000000 | |
CY2022Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1089000000 | |
CY2022Q2 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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-4000000 | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-263000000 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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271000000 | |
CY2022Q2 | us-gaap |
Cash
Cash
|
8000000 | |
CY2022Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | |
CY2022Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
0 | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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8000000 | |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4014000000 | |
CY2022Q2 | ovv |
Sublease Rental Revenues
SubleaseRentalRevenues
|
17000000 | |
CY2022Q2 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
5000000 | |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1422000000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7421000000 | ||
us-gaap |
Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
|
-1753000000 | ||
ovv |
Sublease Rental Revenues
SubleaseRentalRevenues
|
35000000 | ||
us-gaap |
Revenues
Revenues
|
5703000000 | ||
us-gaap |
Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
|
212000000 | ||
ovv |
Transportation And Processing Costs
TransportationAndProcessingCosts
|
859000000 | ||
us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
368000000 | ||
ovv |
Purchased Product Costs
PurchasedProductCosts
|
2181000000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
542000000 | ||
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
10000000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
215000000 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
4387000000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1316000000 | ||
us-gaap |
Interest Expense
InterestExpense
|
165000000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-2000000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
27000000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1176000000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
60000000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
1116000000 | ||
CY2022Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
511000000 | |
CY2022Q2 | us-gaap |
Goodwill
Goodwill
|
2617000000 | |
CY2021Q4 | us-gaap |
Goodwill
Goodwill
|
2628000000 | |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9194000000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
8761000000 | |
CY2022Q2 | us-gaap |
Assets
Assets
|
14923000000 | |
CY2021Q4 | us-gaap |
Assets
Assets
|
14055000000 | |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4014000000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7421000000 | ||
CY2022Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
0 | |
CY2022Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
0 | |
CY2022Q2 | us-gaap |
Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
|
1677000000 | |
CY2022Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
0 | |
us-gaap |
Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
|
As the period between when the product sales are transferred and Ovintiv receives payments is generally 30 to 60 days, there is no financing element associated with customer contracts. | ||
CY2022Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
88000000 | |
CY2022Q2 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
1000000 | |
CY2022Q2 | ovv |
Interest Expense Recovery Other
InterestExpenseRecoveryOther
|
2000000 | |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
91000000 | |
CY2022Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-3000000 | |
CY2021Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
8000000 | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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-2000000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
15000000 | ||
CY2022Q2 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
7000000 | |
CY2021Q2 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
10000000 | ||
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-156000000 | ||
CY2022Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
58000000 | |
CY2021Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
50000000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-20000000 | ||
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
65000000 | |
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
60000000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-176000000 | ||
CY2022Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.046 | |
CY2021Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.051 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
2.444 | ||
us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
-222000000 | ||
us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-66000000 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
2.444 | ||
CY2022Q2 | ovv |
Acquisitions
Acquisitions
|
7000000 | |
CY2021Q2 | ovv |
Acquisitions
Acquisitions
|
2000000 | |
ovv |
Acquisitions
Acquisitions
|
22000000 | ||
ovv |
Acquisitions
Acquisitions
|
3000000 | ||
CY2022Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
4000000 | |
CY2021Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1023000000 | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
5000000 | ||
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1025000000 | ||
CY2022Q2 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
3000000 | |
CY2021Q2 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
-1021000000 | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
17000000 | ||
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
-1022000000 | ||
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
59036000000 | |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
49842000000 | |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9194000000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
58322000000 | |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
49561000000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
8761000000 | |
ovv |
Internal Costs Capitalized
InternalCostsCapitalized
|
89000000 | ||
ovv |
Internal Costs Capitalized
InternalCostsCapitalized
|
86000000 | ||
ovv |
Operating Sublease Income Undiscounted Remainder Of Fiscal Year
OperatingSubleaseIncomeUndiscountedRemainderOfFiscalYear
|
23000000 | ||
ovv |
Operating Sublease Income Due Year One
OperatingSubleaseIncomeDueYearOne
|
50000000 | ||
ovv |
Operating Sublease Income Due Year Two
OperatingSubleaseIncomeDueYearTwo
|
52000000 | ||
ovv |
Operating Sublease Income Due Year Three
OperatingSubleaseIncomeDueYearThree
|
52000000 | ||
ovv |
Operating Sublease Income Due Year Four
OperatingSubleaseIncomeDueYearFour
|
53000000 | ||
ovv |
Operating Sublease Income Due Year Thereafter
OperatingSubleaseIncomeDueYearThereafter
|
485000000 | ||
ovv |
Operating Sublease Income
OperatingSubleaseIncome
|
715000000 | ||
CY2022Q2 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
12000000 | |
us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
25000000 | ||
CY2021Q2 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
14000000 | |
us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
27000000 | ||
CY2022Q2 | us-gaap |
Variable Lease Income
VariableLeaseIncome
|
5000000 | |
us-gaap |
Variable Lease Income
VariableLeaseIncome
|
10000000 | ||
CY2021Q2 | us-gaap |
Variable Lease Income
VariableLeaseIncome
|
4000000 | |
us-gaap |
Variable Lease Income
VariableLeaseIncome
|
9000000 | ||
CY2022Q2 | ovv |
Revolving Credit Facility And Commercial Paper
RevolvingCreditFacilityAndCommercialPaper
|
215000000 | |
CY2021Q4 | ovv |
Revolving Credit Facility And Commercial Paper
RevolvingCreditFacilityAndCommercialPaper
|
0 | |
CY2022Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
3895000000 | |
CY2021Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
4741000000 | |
CY2022Q2 | ovv |
Increase In Value Of Debt Acquired
IncreaseInValueOfDebtAcquired
|
37000000 | |
CY2021Q4 | ovv |
Increase In Value Of Debt Acquired
IncreaseInValueOfDebtAcquired
|
77000000 | |
CY2022Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
30000000 | |
CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
32000000 | |
CY2022Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
3902000000 | |
CY2021Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
4786000000 | |
CY2022Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
215000000 | |
CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | |
CY2022Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
3687000000 | |
CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
4786000000 | |
CY2022Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
3902000000 | |
CY2022Q2 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
4094000000 | |
CY2021Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
4786000000 | |
CY2021Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
5804000000 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-205000000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1116000000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
104000000 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
257200000 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
261100000 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
257300000 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
260600000 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3400000 | |
CY2021Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
4800000 | ||
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
5300000 | ||
CY2022Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
30000000 | |
CY2021Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
33000000 | |
CY2022Q2 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
101000000 | |
CY2021Q4 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
104000000 | |
CY2022Q2 | us-gaap |
Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
|
7000000 | |
CY2021Q4 | us-gaap |
Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
|
36000000 | |
CY2022Q2 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
11000000 | |
CY2021Q4 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
12000000 | |
CY2022Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
154000000 | |
CY2021Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
190000000 | |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
750000000 | |
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | |
CY2022Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
258000000.0 | |
CY2021Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
3000000 | |
CY2020Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
259800000 | |
CY2020Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
3000000 | |
us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
4500000 | ||
us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
0 | ||
CY2021 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
3100000 | |
CY2021 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
0 | |
us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
2400000 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
0 | ||
CY2021 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
1300000 | |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
0 | |
CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
255900000 | |
CY2022Q2 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
3000000 | |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
258000000.0 | |
CY2021Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
3000000 | |
CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.25 | |
CY2022Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
64000000 | |
CY2021Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.09375 | |
CY2021Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
25000000 | |
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.45 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
116000000 | ||
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.1875 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
49000000 | ||
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1357000000 | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
260600000 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
261100000 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
262100000 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
265900000 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
5.28 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.79 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.34 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.40 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
5.21 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.79 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.26 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.39 | ||
CY2022Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
1072000000 | |
CY2021Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
1061000000 | |
CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
1044000000 | |
CY2020Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
1042000000 | |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-59000000 | |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
25000000 | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-31000000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
44000000 | ||
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
1013000000 | |
CY2021Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
1086000000 | |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
1013000000 | |
CY2021Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
1086000000 | |
CY2022Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-47000000 | |
CY2021Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-33000000 | |
CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-48000000 | |
CY2020Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-34000000 | |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
3000000 | |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
3000000 | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
4000000 | ||
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
4000000 | ||
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
|
1000000 | |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
|
1000000 | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
|
1000000 | ||
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
|
1000000 | ||
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-45000000 | |
CY2021Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-31000000 | |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-45000000 | |
CY2021Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-31000000 | |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1058000000 | |
CY2021Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1117000000 | |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1058000000 | |
CY2021Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1117000000 | |
CY2022Q2 | ovv |
Compensation Costs Recorded For Cash Settled Transactions
CompensationCostsRecordedForCashSettledTransactions
|
1000000 | |
CY2021Q2 | ovv |
Compensation Costs Recorded For Cash Settled Transactions
CompensationCostsRecordedForCashSettledTransactions
|
42000000 | |
ovv |
Compensation Costs Recorded For Cash Settled Transactions
CompensationCostsRecordedForCashSettledTransactions
|
90000000 | ||
ovv |
Compensation Costs Recorded For Cash Settled Transactions
CompensationCostsRecordedForCashSettledTransactions
|
82000000 | ||
CY2022Q2 | ovv |
Compensation Costs Recorded For Equity Settled Transactions
CompensationCostsRecordedForEquitySettledTransactions
|
21000000 | |
CY2021Q2 | ovv |
Compensation Costs Recorded For Equity Settled Transactions
CompensationCostsRecordedForEquitySettledTransactions
|
7000000 | |
ovv |
Compensation Costs Recorded For Equity Settled Transactions
CompensationCostsRecordedForEquitySettledTransactions
|
31000000 | ||
ovv |
Compensation Costs Recorded For Equity Settled Transactions
CompensationCostsRecordedForEquitySettledTransactions
|
18000000 | ||
CY2022Q2 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
-7000000 | |
CY2021Q2 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
-9000000 | |
us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
-16000000 | ||
us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
-16000000 | ||
CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
15000000 | |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
40000000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
105000000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
84000000 | ||
CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
15000000 | |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
40000000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
105000000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
84000000 | ||
CY2022Q2 | us-gaap |
Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
|
105000000 | |
CY2021Q4 | us-gaap |
Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
|
114000000 | |
CY2022Q2 | us-gaap |
Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
|
98000000 | |
CY2021Q4 | us-gaap |
Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
|
78000000 | |
CY2022Q2 | us-gaap |
Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
|
7000000 | |
CY2021Q4 | us-gaap |
Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
|
36000000 | |
us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-2000000 | ||
us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-1000000 | ||
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
12000000 | ||
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
13000000 | ||
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
10000000 | ||
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
12000000 | ||
us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
1000000 | ||
us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
2000000 | ||
us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
4000000 | ||
us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
4000000 | ||
us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
3000000 | ||
us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
3000000 | ||
us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
4000000 | ||
us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
4000000 | ||
us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-2000000 | ||
us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-1000000 | ||
CY2021Q4 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-172000000 | |
CY2020Q4 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-74000000 | |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-683000000 | ||
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-569000000 | ||
ovv |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales And Issuances
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesAndIssuances
|
0 | ||
ovv |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales And Issuances
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesAndIssuances
|
6000000 | ||
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
-420000000 | ||
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
-215000000 | ||
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
|
0 | ||
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
|
0 | ||
CY2022Q2 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-435000000 | |
CY2021Q2 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-422000000 | |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
|
-263000000 | ||
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
|
-354000000 | ||
CY2022Q2 | us-gaap |
Price Risk Derivatives At Fair Value Net
PriceRiskDerivativesAtFairValueNet
|
-475000000 | |
CY2022Q2 | ovv |
Guarantee Benefits And Obligations Current Carrying Value
GuaranteeBenefitsAndObligationsCurrentCarryingValue
|
1000000 | |
CY2022Q2 | us-gaap |
Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
ForeignCurrencyCashFlowHedgeDerivativeAtFairValueNet
|
1000000 | |
CY2022Q2 | ovv |
Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
|
-1229000000 | |
CY2022Q2 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-807000000 | |
CY2021Q2 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-212000000 | |
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-1252000000 | ||
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-361000000 | ||
CY2022Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
506000000 | |
CY2021Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-582000000 | |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-503000000 | ||
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-855000000 | ||
CY2022Q2 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-301000000 | |
CY2021Q2 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-794000000 | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-1755000000 | ||
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-1216000000 | ||
CY2021Q4 | ovv |
Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
|
-724000000 | |
ovv |
Settlement Of Other Derivative Contracts
SettlementOfOtherDerivativeContracts
|
-2000000 | ||
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-1252000000 | ||
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-1252000000 | ||
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-361000000 | ||
CY2022Q2 | ovv |
Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
|
-1229000000 | |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-503000000 | ||
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-855000000 | ||
CY2022Q2 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
9000000 | |
CY2021Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
1000000 | |
CY2022Q2 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
4000000 | |
CY2021Q4 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
0 | |
CY2022Q2 | us-gaap |
Derivative Assets
DerivativeAssets
|
13000000 | |
CY2021Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
1000000 | |
CY2022Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
1228000000 | |
CY2021Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
703000000 | |
CY2022Q2 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
15000000 | |
CY2021Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
25000000 | |
CY2022Q2 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
1243000000 | |
CY2021Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
728000000 | |
CY2022Q2 | ovv |
Other Derivative Contract Assets
OtherDerivativeContractAssets
|
7000000 | |
CY2021Q4 | ovv |
Other Derivative Contract Assets
OtherDerivativeContractAssets
|
9000000 | |
CY2022Q2 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
6000000 | |
CY2021Q4 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
6000000 | |
CY2022Q2 | ovv |
Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
|
-1229000000 | |
CY2021Q4 | ovv |
Risk Management And Other Derivative Guarantee At Fair Value Net
RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet
|
-724000000 | |
us-gaap |
Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
|
66000000 | ||
ovv |
Concentration Risk Credit Risk Financial Instrument Maximum Exposure Based On Net Fair Value Basis
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposureBasedOnNetFairValueBasis
|
20000000 | ||
CY2022Q2 | us-gaap |
Number Of Credit Risk Derivatives Held
NumberOfCreditRiskDerivativesHeld
|
0 | |
CY2022Q2 | us-gaap |
Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
|
0 | |
ovv |
Percent Of Accounts Receivable And Financial Derivative Credit Exposures With Investment Grade Counterparties
PercentOfAccountsReceivableAndFinancialDerivativeCreditExposuresWithInvestmentGradeCounterparties
|
0.87 | ||
CY2021 | ovv |
Percent Of Accounts Receivable And Financial Derivative Credit Exposures With Investment Grade Counterparties
PercentOfAccountsReceivableAndFinancialDerivativeCreditExposuresWithInvestmentGradeCounterparties
|
0.90 | |
CY2022Q2 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
6000000 | |
CY2021Q4 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
6000000 | |
CY2022Q2 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
46000000 | |
CY2022Q2 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
162000000 | |
CY2021Q2 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
96000000 | |
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
663000000 | ||
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
262000000 | ||
CY2022Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
242000000 | |
CY2021Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
76000000 | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
395000000 | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
198000000 | ||
CY2022Q2 | ovv |
Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
|
11000000 | |
CY2021Q2 | ovv |
Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
|
-1000000 | |
ovv |
Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
|
11000000 | ||
ovv |
Increase Decrease In Current Portion Of Operating Lease Liabilities
IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities
|
4000000 | ||
CY2022Q2 | us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
42000000 | |
CY2021Q2 | us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
43000000 | |
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
44000000 | ||
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
25000000 | ||
CY2022Q2 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
-133000000 | |
CY2021Q2 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
-22000000 | |
us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
213000000 | ||
us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
35000000 | ||
CY2022Q2 | ovv |
Rou Operating Lease Assets And Liabilities
ROUOperatingLeaseAssetsAndLiabilities
|
28000000 | |
CY2021Q2 | ovv |
Rou Operating Lease Assets And Liabilities
ROUOperatingLeaseAssetsAndLiabilities
|
5000000 | |
ovv |
Rou Operating Lease Assets And Liabilities
ROUOperatingLeaseAssetsAndLiabilities
|
52000000 | ||
ovv |
Rou Operating Lease Assets And Liabilities
ROUOperatingLeaseAssetsAndLiabilities
|
18000000 | ||
CY2022Q2 | ovv |
Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
|
5000000 | |
CY2021Q2 | ovv |
Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
|
-67000000 | |
ovv |
Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
|
46000000 | ||
ovv |
Increase Decrease In Property Plant And Equipment Accruals
IncreaseDecreaseInPropertyPlantAndEquipmentAccruals
|
-37000000 | ||
CY2022Q2 | ovv |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
|
-2000000 | |
CY2021Q2 | ovv |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
|
7000000 | |
ovv |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
|
3000000 | ||
ovv |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount
|
7000000 | ||
CY2022Q2 | us-gaap |
Contribution Of Property
ContributionOfProperty
|
32000000 | |
CY2021Q2 | us-gaap |
Contribution Of Property
ContributionOfProperty
|
2000000 | |
us-gaap |
Contribution Of Property
ContributionOfProperty
|
36000000 | ||
us-gaap |
Contribution Of Property
ContributionOfProperty
|
6000000 | ||
CY2022Q2 | ovv |
Contingent Consideration Related To Asset Divestiture
ContingentConsiderationRelatedToAssetDivestiture
|
0 | |
CY2021Q2 | ovv |
Contingent Consideration Related To Asset Divestiture
ContingentConsiderationRelatedToAssetDivestiture
|
6000000 | |
ovv |
Contingent Consideration Related To Asset Divestiture
ContingentConsiderationRelatedToAssetDivestiture
|
0 | ||
ovv |
Contingent Consideration Related To Asset Divestiture
ContingentConsiderationRelatedToAssetDivestiture
|
6000000 | ||
CY2022Q2 | us-gaap |
Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
|
506000000 | |
CY2022Q2 | us-gaap |
Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
|
789000000 | |
CY2022Q2 | us-gaap |
Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
|
594000000 | |
CY2022Q2 | us-gaap |
Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
|
449000000 | |
CY2022Q2 | us-gaap |
Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
|
428000000 | |
CY2022Q2 | ovv |
Contractual Obligation Due After Fourth Year
ContractualObligationDueAfterFourthYear
|
1921000000 | |
CY2022Q2 | us-gaap |
Contractual Obligation
ContractualObligation
|
4687000000 | |
CY2022Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
71000000 | |
CY2022Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
2220000000 | |
CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1516000000 | |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
91000000 | |
CY2022Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-3000000 | |
CY2022Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | |
CY2022Q2 | ovv |
Non Operating Income Expenses
NonOperatingIncomeExpenses
|
94000000 | |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
65000000 | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1357000000 | |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
40000000 | |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-61000000 | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5821000000 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-205000000 | |
CY2021Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
25000000 | |
CY2022Q2 | us-gaap |
Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
|
-295000000 | |
CY2022Q2 | us-gaap |
Revenues
Revenues
|
3736000000 | |
CY2022Q2 | us-gaap |
Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
|
118000000 | |
CY2022Q2 | ovv |
Transportation And Processing Costs
TransportationAndProcessingCosts
|
453000000 | |
CY2022Q2 | us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
180000000 | |
CY2022Q2 | ovv |
Purchased Product Costs
PurchasedProductCosts
|
1115000000 | |
CY2022Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
278000000 | |
ovv |
Non Operating Income Expenses
NonOperatingIncomeExpenses
|
140000000 |