Ovintiv Inc. (OVV) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
370 - 17TH STREET, SUITE 1700 DENVER, CO 80202 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 3 | 5 | 195 | 10 | 190 | |||
| Cash and cash equivalent | 3 | 5 | 195 | 10 | 190 | |||
| Receivables | 1,350 | 1,533 | 1,301 | 1,143 | 1,445 | |||
| Prepaid expense | 55 | 38 | 28 | 23 | 48 | |||
| Derivative instruments and hedges, assets | 214 | 53 | 1 | 37 | 148 | |||
| Other current assets | 59 | 70 | 67 | 38 | 41 | |||
| Other undisclosed current assets | (5) | (4) | (5) | (4) | (3) | |||
| Total current assets: | 1,676 | 1,695 | 1,587 | 1,247 | 1,869 | |||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 37 | |||||||
| Property, plant and equipment | 14,640 | 9,468 | 8,761 | 9,450 | 15,191 | |||
| Intangible assets, net (including goodwill) | 2,599 | 2,584 | 2,628 | 2,625 | 2,611 | |||
| Goodwill | 2,599 | 2,584 | 2,628 | 2,625 | 2,611 | |||
| Derivative instruments and hedges | 4 | 34 | 4 | 2 | ||||
| Deferred income tax assets | 53 | 271 | ||||||
| Other noncurrent assets | 1,015 | 1,004 | 1,079 | 1,143 | 1,213 | |||
| Other undisclosed noncurrent assets | 564 | |||||||
| Total noncurrent assets: | 18,311 | 13,361 | 12,468 | 13,222 | 19,618 | |||
| TOTAL ASSETS: | 19,987 | 15,056 | 14,055 | 14,469 | 21,487 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 2,209 | 2,221 | 1,979 | 1,704 | 2,239 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 108 | 125 | 83 | ||
| Taxes payable | ✕ | ✕ | ✕ | 4 | 3 | 1 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 285 | ||||
| Accounts payable | 586 | 436 | 328 | 306 | 355 | |||
| Accrued liabilities | 538 | 297 | 215 | 534 | ||||
| Other undisclosed accounts payable and accrued liabilities | 1,085 | 1,488 | 1,254 | 1,055 | 1,266 | |||
| Debt | 284 | 393 | 518 | 78 | ||||
| Derivative instruments and hedges, liabilities | 86 | 703 | 130 | 114 | ||||
| Other undisclosed current liabilities | 319 | 80 | 66 | 71 | 1 | |||
| Total current liabilities: | 2,812 | 2,780 | 2,748 | 2,423 | 2,432 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 5,453 | 3,177 | 5,675 | 7,305 | 7,951 | |||
| Long-term debt, excluding current maturities | 5,453 | 3,177 | 4,786 | 6,367 | 6,974 | |||
| Liabilities, other than long-term debt | 1,352 | 1,410 | 558 | 904 | 957 | |||
| Asset retirement obligations | 276 | 281 | 339 | 401 | 425 | |||
| Deferred income tax liabilities | 110 | 184 | 4 | 20 | ||||
| Other liabilities | 132 | 131 | 190 | 358 | 464 | |||
| Operating lease, liability | 832 | 814 | 889 | 938 | 977 | |||
| Derivative instruments and hedges, liabilities | 2 | 25 | 125 | 68 | ||||
| Other undisclosed noncurrent liabilities | 217 | |||||||
| Total noncurrent liabilities: | 6,805 | 4,587 | 6,233 | 8,209 | 9,125 | |||
| Total liabilities: | 9,617 | 7,367 | 8,981 | 10,632 | 11,557 | |||
| Equity | ||||||||
| Equity, attributable to parent | 10,370 | 7,689 | 5,074 | 3,837 | 9,930 | |||
| Common stock | 3 | 3 | 3 | 3 | 7,061 | |||
| Additional paid in capital | 8,620 | 7,776 | 8,458 | 8,531 | 1,402 | |||
| Accumulated other comprehensive income | 1,050 | 991 | 1,092 | 1,076 | 1,046 | |||
| Retained earnings (accumulated deficit) | 697 | (1,081) | (4,479) | (5,773) | 421 | |||
| Total equity: | 10,370 | 7,689 | 5,074 | 3,837 | 9,930 | |||
| TOTAL LIABILITIES AND EQUITY: | 19,987 | 15,056 | 14,055 | 14,469 | 21,487 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 10,883 | 12,464 | 8,658 | 6,087 | 6,726 | ||
| Gain (loss) on disposition of assets for financial service operations | (50) | (2,613) | (1,362) | 710 | 372 | ||
| Cost of revenue (Cost of Product and Service Sold) | (859) | (802) | (625) | (605) | (732) | ||
| Gross profit: | 10,024 | 11,662 | 8,033 | 5,482 | 5,994 | ||
| Operating expenses | (8,019) | (8,611) | (7,139) | (11,484) | (6,128) | ||
| Other undisclosed operating income | 859 | 802 | 625 | 605 | 732 | ||
| Operating income (loss): | 2,864 | 3,853 | 1,519 | (5,397) | 598 | ||
| Nonoperating income | 1 | 18 | 60 | 38 | 96 | ||
| Gain (loss), foreign currency transaction, before tax | (19) | (15) | 23 | (17) | 119 | ||
| Other nonoperating income (expense) | 20 | 33 | 37 | 55 | (23) | ||
| Interest and debt expense | (355) | (311) | (340) | (371) | (382) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,510 | 3,560 | 1,239 | (5,730) | 312 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 3 | ||||||
| Income (loss) from continuing operations before income taxes: | 2,510 | 3,560 | 1,239 | (5,730) | 315 | ||
| Income tax expense (benefit) | (425) | 77 | 177 | (367) | (81) | ||
| Income (loss) from continuing operations: | 2,085 | 3,637 | 1,416 | (6,097) | 234 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 1,416 | (6,097) | 234 | |
| Net income (loss) available to common stockholders, diluted: | 2,085 | 3,637 | 1,416 | (6,097) | 234 | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,085 | 3,637 | 1,416 | (6,097) | 234 | ||
| Other comprehensive income (loss) | (8) | 2 | 10 | (17) | 20 | ||
| Comprehensive income (loss): | 2,077 | 3,639 | 1,426 | (6,114) | 254 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 67 | (103) | 6 | 47 | 28 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,144 | 3,536 | 1,432 | (6,067) | 282 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.