7Baggers

Ovintiv Inc
(NYSE:OVV) 

OVV stock logo

Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in ...

Founded: 2002
Full Time Employees: 2,571
CEO: Douglas James Suttles  
Sector: Energy
Industry: Oil & Gas E&P
Energy
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• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
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• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 
                              
      revenues
    		                          
      product and service revenues
    		2,221,000,000 1,716,000,000 1,731,000,000 1,764,000,000 1,965,000,000 600,000,000 2,178,000,000 2,193,000,000 2,387,000,000 2,804,000,000 2,913,000,000 1,181 2,592,000,000 3,199,000,000 3,643,000,000 4,014,000,000 3,407,000,000 3,028,000,000 2,720,000,000 2,473,000,000 2,247,000,000 1,590,000,000 1,326,000,000 1,023,000,000 1,570,000,000  
      sales of purchased product
    		356,000,000 338,000,000 289,000,000 450,000,000 410,000,000                      
      gains on risk management
    		-63,000,000 75,000,000 26,000,000 87,000,000 -16,000,000 -16,000,000 128,000,000 77,000,000 -54,000,000 344,000,000 -282,000,000 5 -58,000,000 -3,000,000 -111,000,000 -295,000,000 -1,458,000,000 293,000,000 -950,000,000 -799,000,000 -427,000,000 -80,000,000 -154,000,000 -314,000,000 1,055,000,000  
      sublease revenues
    		18,000,000 18,000,000 20,000,000 17,000,000 18,000,000 19,000,000 18,000,000 18,000,000 19,000,000 18,000,000 18,000,000  17,000,000 16,000,000 17,000,000 17,000,000 18,000,000 18,000,000 19,000,000 18,000,000 18,000,000 18,000,000 18,000,000 17,000,000 18,000,000  
      total revenues
    		2,532,000,000 2,147,000,000 2,066,000,000 2,318,000,000 2,377,000,000 2,188,000,000 2,324,000,000 2,288,000,000 2,352,000,000 3,166,000,000 2,649,000,000 1,186 2,551,000,000 3,212,000,000 3,549,000,000 3,736,000,000 1,967,000,000 3,339,000,000 1,789,000,000 1,692,000,000 1,838,000,000 1,528,000,000 1,190,000,000 726,000,000 2,643,000,000  
      yoy
    		6.52% -1.87% -11.10% 1.31% 1.06% -30.89% -12.27% 192917269.31% -7.80% -1.43% -25.36% -100.00% 29.69% -3.80% 98.38% 120.80% 7.02% 118.52% 50.34% 133.06% -30.46%      
      qoq
    		17.93% 3.92% -10.87% -2.48% 8.64% -5.85% 1.57% -2.72% -25.71% 19.52% 223355717.88% -100.00% -20.58% -9.50% -5.01% 89.93% -41.09% 86.64% 5.73% -7.94% 20.29% 28.40% 63.91% -72.53%   
      operating expenses
    		                          
      production, mineral and other taxes
    		79,000,000 54,000,000 72,000,000 73,000,000 87,000,000 75,000,000 86,000,000 89,000,000 83,000,000 93,000,000 89,000,000 73 84,000,000 94,000,000 109,000,000 118,000,000 94,000,000 83,000,000 77,000,000 73,000,000 60,000,000 47,000,000 47,000,000 27,000,000 52,000,000  
      transportation and processing
    		471,000,000 439,000,000 452,000,000 435,000,000 398,000,000 399,000,000 408,000,000 413,000,000 419,000,000 426,000,000 433,000,000 148 455,000,000 459,000,000 468,000,000 453,000,000 406,000,000 422,000,000 397,000,000 418,000,000 379,000,000 373,000,000 365,000,000 368,000,000 396,000,000  
      operating
    		227,000,000 218,000,000 220,000,000 219,000,000 205,000,000 216,000,000 235,000,000 237,000,000 243,000,000 235,000,000 243,000,000 167 206,000,000 206,000,000 228,000,000 180,000,000 188,000,000 159,000,000 153,000,000 149,000,000 164,000,000 153,000,000 133,000,000 154,000,000 165,000,000  
      purchased product
    		344,000,000 327,000,000 278,000,000 440,000,000 402,000,000 381,000,000 392,000,000 333,000,000 440,000,000 576,000,000 846,000,000  701,000,000 901,000,000 973,000,000 1,115,000,000 1,066,000,000 855,000,000 759,000,000 733,000,000 604,000,000 327,000,000 322,000,000 319,000,000 398,000,000  
      depreciation, depletion and amortization
    		561,000,000 533,000,000 545,000,000 556,000,000 545,000,000 545,000,000 599,000,000 580,000,000 566,000,000 556,000,000 486,000,000 336 364,000,000 280,000,000 291,000,000 278,000,000 264,000,000 274,000,000 297,000,000 311,000,000 308,000,000 401,000,000 406,000,000 493,000,000 534,000,000  
      impairments
    		1,485,000,000 49,000,000 141,000,000  730,000,000                 717,000,000 1,336,000,000 3,250,000,000 277,000,000  
      accretion of asset retirement obligation
    		7,000,000 7,000,000 7,000,000 8,000,000 6,000,000 5,000,000 5,000,000 4,000,000 5,000,000 5,000,000 5,000,000  5,000,000 4,000,000 4,000,000 5,000,000 5,000,000 5,000,000 5,000,000 6,000,000 6,000,000 3,000,000 8,000,000 9,000,000 9,000,000  
      administrative
    		112,000,000 84,000,000 78,000,000 76,000,000 93,000,000 115,000,000 72,000,000 76,000,000 102,000,000 87,000,000 80,000,000  58,000,000 104,000,000 103,000,000 71,000,000 144,000,000 96,000,000 101,000,000 123,000,000 122,000,000 98,000,000 79,000,000 165,000,000 53,000,000  
      total operating expenses
    		3,286,000,000 1,711,000,000 1,793,000,000 1,807,000,000 2,466,000,000 2,186,000,000 1,797,000,000 1,732,000,000 1,858,000,000 1,978,000,000 2,182,000,000 724 1,873,000,000 2,048,000,000 2,176,000,000 2,220,000,000 2,167,000,000 1,894,000,000 1,789,000,000 1,813,000,000 1,643,000,000 2,119,000,000 2,696,000,000 4,785,000,000 1,884,000,000  
      operating income
    		-754,000,000 436,000,000 273,000,000 511,000,000 -89,000,000 2,000,000 527,000,000 556,000,000 494,000,000 1,188,000,000 467,000,000 462 678,000,000 1,164,000,000 1,373,000,000 1,516,000,000 -200,000,000 1,445,000,000  -121,000,000 195,000,000 -591,000,000 -1,506,000,000 -4,059,000,000 759,000,000  
      yoy
    		747.19% 21700.00% -48.20% -8.09% -118.02% -99.83% 12.85% 120346220.35% -27.14% 2.06% -65.99% -100.00% -439.00% -19.45%  -1352.89% -202.56% -344.50%  -97.02% -74.31%      
      qoq
    		-272.94% 59.71% -46.58% -674.16% -4550.00% -99.62% -5.22% 12.55% -58.42% 154.39% 101082151.08% -100.00% -41.75% -15.22% -9.43% -858.00% -113.84%   -162.05% -132.99% -60.76% -62.90% -634.78%   
      operating margin %
    		-29.78% 20.31% 13.21% 22.04% -3.74% 0.09% 22.68% 24.30% 21.00% 37.52% 17.63% 38.95% 26.58% 36.24% 38.69% 40.58% -10.17% 43.28% 0% -7.15% 10.61% -38.68% -126.55% -559.09% 28.72%  
      other expenses
    		                          
      interest
    		104,000,000 93,000,000 91,000,000 95,000,000 97,000,000 106,000,000 103,000,000 105,000,000 98,000,000 106,000,000 98,000,000  71,000,000 63,000,000 83,000,000 91,000,000 74,000,000 77,000,000 77,000,000 99,000,000 87,000,000 92,000,000 97,000,000 86,000,000 96,000,000  
      foreign exchange loss
    		-2,000,000 6,000,000 -7,000,000 22,000,000 10,000,000 2,000,000 17,000,000 -10,000,000 -28,000,000    -3,000,000    -1,000,000    -7,000,000    116,000,000  
      other losses
    		-29,000,000 -35,000,000 -3,000,000 -5,000,000 -3,000,000 -5,000,000 -151,000,000 -5,000,000 -4,000,000    -3,000,000    -27,000,000    -18,000,000    -14,000,000  
      total other expenses
    		73,000,000 64,000,000 81,000,000 112,000,000 104,000,000 103,000,000 -31,000,000 90,000,000 66,000,000    65,000,000    46,000,000    62,000,000    198,000,000  
      net earnings before income tax
    		-827,000,000 372,000,000 192,000,000 399,000,000 -193,000,000 -101,000,000 558,000,000 466,000,000 428,000,000 1,067,000,000 393,000,000  613,000,000 1,110,000,000 1,274,000,000 1,422,000,000 -246,000,000 1,382,000,000 -71,000,000 -205,000,000 133,000,000 -642,000,000 -1,560,000,000 -4,089,000,000 561,000,000  
      income tax expense
    		-197,000,000 -574,000,000 44,000,000 92,000,000 -34,000,000 -41,000,000 51,000,000 126,000,000 90,000,000 211,000,000 -13,000,000  126,000,000 -225,000,000 88,000,000 65,000,000 -5,000,000 -2,000,000 1,000,000  -176,000,000 -28,000,000 -39,000,000 294,000,000 140,000,000  
      net earnings
    		-630,000,000 946,000,000 148,000,000 307,000,000 -159,000,000 -60,000,000 507,000,000 340,000,000 338,000,000 856,000,000 406,000,000  487,000,000 1,335,000,000 1,186,000,000 1,357,000,000 -241,000,000 1,384,000,000 -72,000,000 -205,000,000 309,000,000 -614,000,000 -1,521,000,000 -4,383,000,000 421,000,000  
      yoy
    		296.23% -1676.67% -70.81% -9.71% -147.04% -107.01% 24.88%  -30.60% -35.88% -65.77%  -302.07% -3.54% -1747.22% -761.95% -177.99% -325.41% -95.27% -95.32% -26.60%      
      qoq
    		-166.60% 539.19% -51.79% -293.08% 165.00% -111.83% 49.12% 0.59% -60.51% 110.84%   -63.52% 12.56% -12.60% -663.07% -117.41% -2022.22% -64.88% -166.34% -150.33% -59.63% -65.30% -1141.09%   
      net income margin %
    		-24.88% 44.06% 7.16% 13.24% -6.69% -2.74% 21.82% 14.86% 14.37% 27.04% 15.33% 0% 19.09% 41.56% 33.42% 36.32% -12.25% 41.45% -4.02% -12.12% 16.81% -40.18% -127.82% -603.72% 15.93%  
      net earnings per share of common stock
    		                          
      basic
    		-2.35 3.69 0.58 1.19 -0.61 -0.2 1.93 1.28 1.25 3.22 1.48  1.99 5.34 4.7 5.28 -0.94 5.32 -0.28 -0.79 1.19      
      diluted
    		-2.35 3.65 0.57 1.18 -0.61 -0.2 1.92 1.27 1.24 3.17 1.47  1.97 5.24 4.63 5.21 -0.94 5.2 -0.28 -0.79 1.16      
      weighted-average shares of common stock outstanding
    		                          
      basic
    		268.2 257.2 256.2 259 260.4 264.6 262.1 266.2 269.7 259.9 273.7  244.3 253.6 252.5 257.2 257.4 260.4 261.1 261.1 260.1 259.8     
      diluted
    		268.2 259.7 258.1 260.1 260.4 267.4 264 268.1 272.3 263.9 276.3  247.7 258.4 256.2 260.6 257.4 266.4 261.1 261.1 266 259.8     
      other incomes
    		                          
      foreign exchange (gain) loss
    		          -22,000,000   -6,000,000 19,000,000 3,000,000  -3,750,000  -8,000,000  -34,000,000 -25,000,000 -40,000,000   
      other (gains) losses
    		         -4,000,000 -2,000,000   -3,000,000 -3,000,000   -7,750,000 -6,000,000 -7,000,000  -7,000,000 -18,000,000 -16,000,000   
      total other incomes
    		         58,250,000 74,000,000   54,000,000 99,000,000 94,000,000  54,250,000 71,000,000 84,000,000  51,000,000 54,000,000 30,000,000   
      (gain) loss on divestitures
    		                          
      net earnings per share of common stock
    		                          
      basic & diluted
    		                     -5.275 -5.85 -16.87 1.62  
      weighted-average shares of common stock outstanding
    		                          
      loss on divestitures
    		                          
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 
                                
        assets
      		                          
        current assets
      		                          
        cash and cash equivalents
      		26,000,000 35,000,000 25,000,000 20,000,000 8,000,000 42,000,000 9,000,000 8,000,000 5,000,000 3,000,000 3,000,000 52,000,000 26,000,000 5,000,000 18,000,000 8,000,000 271,000,000 195,000,000 8,000,000 122,000,000 9,000,000 10,000,000 32,000,000 39,000,000 82,000,000 190,000,000 
        accounts receivable and accrued revenues (net of allowances
      		                          
        of 6 million
      		1,481,000,000 1,128,000,000 1,059,000,000 1,121,000,000                       
        investment in marketable securities
      		 245,000,000                         
        risk management
      		226,000,000 86,000,000 77,000,000 98,000,000 80,000,000 108,000,000 144,000,000 117,000,000 146,000,000 214,000,000 50,000,000 167,000,000 89,000,000 53,000,000 1,000,000 9,000,000 2,000,000 1,000,000 1,000,000 3,000,000 11,000,000 37,000,000 170,000,000 347,000,000 958,000,000 148,000,000 
        income tax receivable
      		81,000,000 29,000,000 13,000,000 5,000,000 22,000,000 36,000,000 64,000,000 67,000,000 31,000,000 17,000,000 4,000,000 7,000,000 3,000,000 43,000,000 57,000,000 61,000,000 98,000,000 97,000,000 98,000,000 96,000,000 130,000,000 272,000,000 251,000,000 269,000,000 283,000,000 296,000,000 
        property, plant and equipment, at cost:
      		                          
        oil and natural gas properties, based on full cost accounting
      		                          
        proved properties
      		73,069,000,000 70,133,000,000 69,102,000,000 68,848,000,000 67,253,000,000 66,009,000,000 66,246,000,000 65,239,000,000 64,586,000,000 64,084,000,000 62,950,000,000 62,058,000,000 58,002,000,000 57,054,000,000 56,123,000,000 56,614,000,000 56,351,000,000 55,475,000,000 54,684,000,000 54,525,000,000 54,603,000,000 53,883,000,000 52,653,000,000 51,926,000,000 50,952,000,000 51,210,000,000 
        unproved properties
      		814,000,000 434,000,000 489,000,000 649,000,000 732,000,000 764,000,000 921,000,000 1,152,000,000 1,340,000,000 1,486,000,000 1,569,000,000 1,989,000,000 1,016,000,000 1,172,000,000 1,239,000,000 1,519,000,000 1,775,000,000 1,944,000,000 2,217,000,000 2,444,000,000 2,807,000,000 2,962,000,000 3,168,000,000 3,323,000,000 3,460,000,000 3,714,000,000 
        other
      		972,000,000 864,000,000 862,000,000 879,000,000 848,000,000 865,000,000 913,000,000 900,000,000 905,000,000 907,000,000 931,000,000 945,000,000 910,000,000 882,000,000 871,000,000 903,000,000 915,000,000 903,000,000 897,000,000 918,000,000 915,000,000 911,000,000 887,000,000 876,000,000 852,000,000 904,000,000 
        property, plant and equipment
      		74,855,000,000 71,431,000,000 70,453,000,000 70,376,000,000 68,833,000,000 67,638,000,000 68,080,000,000 67,291,000,000 66,831,000,000 66,477,000,000 65,450,000,000 64,992,000,000 59,928,000,000 59,108,000,000 58,233,000,000 59,036,000,000 59,041,000,000 58,322,000,000 57,798,000,000 57,887,000,000 58,325,000,000 57,756,000,000 56,708,000,000 56,125,000,000 55,264,000,000 55,828,000,000 
        less: accumulated depreciation, depletion and amortization
      		-58,926,000,000 -57,187,000,000 -56,330,000,000 -55,993,000,000 -54,562,000,000 -53,274,000,000 -53,263,000,000 -52,447,000,000 -52,023,000,000 -51,837,000,000 -50,935,000,000 -50,775,000,000 -50,017,000,000 -49,640,000,000 -49,180,000,000 -49,842,000,000 -50,058,000,000 -49,561,000,000 -49,208,000,000 -49,352,000,000 -48,811,000,000 -48,306,000,000 -46,485,000,000 -44,489,000,000 -40,184,000,000 -40,637,000,000 
        other assets
      		1,373,000,000 1,299,000,000 1,296,000,000 1,336,000,000 1,263,000,000 965,000,000 943,000,000 978,000,000 991,000,000 1,015,000,000 1,006,000,000 1,047,000,000 1,009,000,000 1,004,000,000 1,000,000,000 1,078,000,000 1,095,000,000 1,079,000,000 1,094,000,000 1,146,000,000 1,143,000,000 1,143,000,000 1,113,000,000 1,103,000,000 1,088,000,000 1,213,000,000 
        deferred income taxes
      		155,000,000 744,000,000 227,000,000 190,000,000 184,000,000 10,000,000 239,000,000 216,000,000 113,000,000 53,000,000 199,000,000 157,000,000 221,000,000 271,000,000 135,000,000 53,000,000 13,000,000 4,000,000    20,000,000 25,000,000 67,000,000 540,000,000 601,000,000 
        goodwill
      		2,843,000,000 2,576,000,000 2,566,000,000 2,579,000,000 2,546,000,000 2,546,000,000 2,586,000,000 2,577,000,000 2,583,000,000 2,599,000,000 2,585,000,000 2,598,000,000 2,584,000,000 2,584,000,000 2,576,000,000 2,617,000,000 2,638,000,000 2,628,000,000 2,624,000,000 2,643,000,000 2,633,000,000 2,625,000,000 2,594,000,000 2,580,000,000 2,555,000,000 2,611,000,000 
        liabilities and shareholders’ equity
      		                          
        current liabilities
      		                          
        accounts payable and accrued liabilities
      		1,925,000,000 1,861,000,000 1,678,000,000 1,801,000,000 1,858,000,000 1,883,000,000 1,777,000,000 1,872,000,000 1,920,000,000 2,209,000,000 2,420,000,000 2,443,000,000 1,872,000,000 2,221,000,000 2,216,000,000 2,463,000,000 2,215,000,000 1,979,000,000 1,866,000,000 1,880,000,000 1,868,000,000 1,704,000,000 1,615,000,000 1,529,000,000 2,049,000,000 2,239,000,000 
        current portion of operating lease liabilities
      		129,000,000 117,000,000 112,000,000 108,000,000 102,000,000 82,000,000 86,000,000 85,000,000 78,000,000 87,000,000 81,000,000 85,000,000 88,000,000 76,000,000 69,000,000 73,000,000 63,000,000 62,000,000 63,000,000 74,000,000 74,000,000 68,000,000 66,000,000 68,000,000 70,000,000 78,000,000 
        income tax payable
      		41,000,000 5,000,000 28,000,000 18,000,000 14,000,000 9,000,000 4,000,000 2,000,000 10,000,000 232,000,000 151,000,000 97,000,000 47,000,000 4,000,000 7,000,000 12,000,000 6,000,000 4,000,000 4,000,000 2,000,000 2,000,000 3,000,000 3,000,000 1,000,000 1,000,000 1,000,000 
        current portion of long-term debt
      		877,000,000 810,000,000 819,000,000 940,000,000 1,144,000,000 600,000,000 1,024,000,000 1,234,000,000 745,000,000 284,000,000 709,000,000 680,000,000 580,000,000 393,000,000 440,000,000 215,000,000    518,000,000 1,118,000,000 518,000,000     
        current liabilities - sum
      		3,213,000,000 2,795,000,000 2,637,000,000 2,874,000,000 3,164,000,000 2,681,000,000 2,892,000,000 3,200,000,000  2,812,000,000       3,983,000,000 2,748,000,000   3,461,000,000    2,160,000,000  
        long-term debt
      		5,521,000,000 4,392,000,000 4,393,000,000 4,393,000,000 4,394,000,000 4,853,000,000 4,853,000,000 4,853,000,000 5,453,000,000 5,453,000,000 5,454,000,000 5,454,000,000 3,176,000,000 3,177,000,000 3,178,000,000 3,687,000,000 4,775,000,000 4,786,000,000 4,791,000,000 4,796,000,000 5,300,000,000 6,367,000,000 7,142,000,000 7,366,000,000 7,006,000,000 6,974,000,000 
        operating lease liabilities
      		1,169,000,000 1,105,000,000 1,105,000,000 1,147,000,000 1,107,000,000 737,000,000 798,000,000 804,000,000 818,000,000 832,000,000 813,000,000 847,000,000 809,000,000 814,000,000 812,000,000 876,000,000 903,000,000 889,000,000 900,000,000 938,000,000 939,000,000 938,000,000 912,000,000 902,000,000 883,000,000 977,000,000 
        other liabilities and provisions
      		224,000,000 100,000,000 132,000,000 130,000,000 131,000,000 114,000,000 156,000,000 141,000,000 128,000,000 132,000,000 124,000,000 118,000,000 116,000,000 131,000,000 153,000,000 154,000,000 170,000,000 190,000,000 215,000,000 206,000,000 196,000,000 358,000,000 377,000,000 390,000,000 402,000,000 464,000,000 
        asset retirement obligation
      		427,000,000 388,000,000 433,000,000 438,000,000 427,000,000 315,000,000 263,000,000 261,000,000 269,000,000 276,000,000 267,000,000 283,000,000 276,000,000 281,000,000 229,000,000 326,000,000 334,000,000 339,000,000 336,000,000 344,000,000 398,000,000 401,000,000 446,000,000 435,000,000 438,000,000 425,000,000 
        commitments and contingencies
      		                          
        shareholders’ equity
      		                          
        share capital - authorized 775 million shares of stock
      		                          
        2026 issued and outstanding: 282.7 million shares
      		3,000,000                          
        paid in surplus
      		8,944,000,000 7,779,000,000 7,758,000,000 7,898,000,000 8,024,000,000 8,045,000,000 8,025,000,000 8,170,000,000 8,331,000,000 8,620,000,000 8,644,000,000 8,671,000,000 7,555,000,000 7,776,000,000 7,939,000,000 8,239,000,000 8,334,000,000 8,458,000,000 8,553,000,000 8,532,000,000 8,525,000,000 8,531,000,000 8,460,000,000 8,460,000,000 8,460,000,000 1,402,000,000 
        retained earnings
      		1,725,000,000 2,440,000,000 1,570,000,000 1,499,000,000 1,269,000,000 1,506,000,000 1,644,000,000 1,215,000,000 955,000,000 697,000,000 -77,000,000 -401,000,000 -655,000,000 -1,081,000,000 -2,355,000,000 -3,479,000,000 -4,772,000,000 -4,479,000,000 -5,827,000,000 -5,718,000,000 -5,488,000,000 -5,773,000,000 -5,135,000,000 -3,590,000,000 818,000,000 421,000,000 
        accumulated other comprehensive income
      		886,000,000 973,000,000 903,000,000 977,000,000 784,000,000 777,000,000 983,000,000 940,000,000 973,000,000 1,050,000,000 982,000,000 1,043,000,000 991,000,000 991,000,000 963,000,000 1,058,000,000 1,119,000,000 1,092,000,000 1,068,000,000 1,117,000,000 1,094,000,000 1,076,000,000 1,024,000,000 1,000,000,000 910,000,000 1,046,000,000 
        total shareholders’ equity
      		11,558,000,000 11,195,000,000 10,234,000,000 10,377,000,000 10,080,000,000 10,331,000,000 10,655,000,000 10,328,000,000 10,262,000,000 10,370,000,000 9,552,000,000 9,316,000,000 7,894,000,000 7,689,000,000 6,550,000,000 5,821,000,000 4,684,000,000 5,074,000,000 3,797,000,000 3,934,000,000 4,134,000,000 3,837,000,000 4,352,000,000 5,873,000,000 10,191,000,000 9,930,000,000 
        2025 issued and outstanding: 253.3 million shares
      		 3,000,000 3,000,000                        
        2025 issued and outstanding: 257.0 million shares
      		   3,000,000                       
        of 5 million
      		    1,240,000,000 1,183,000,000 1,290,000,000 1,208,000,000 1,270,000,000 1,442,000,000 1,524,000,000                
        2025 issued and outstanding: 261.1 million shares
      		    3,000,000                      
        2024 issued and outstanding: 260.4 million shares
      		     3,000,000 3,000,000                    
        2024 issued and outstanding: 264.1 million shares
      		       3,000,000                   
        2024 issued and outstanding: 267.6 million shares
      		        3,000,000                  
        2023 issued and outstanding: 271.7 million shares
      		         3,000,000                 
        2023 issued and outstanding: 272.9 million shares
      		          3,000,000                
        of 4 million
      		           1,253,000,000 1,277,000,000              
        2023 issued and outstanding: 273.9 million shares
      		           3,000,000               
        2023 issued and outstanding: 244.5 million shares
      		            3,000,000              
        accounts receivable and accrued revenues
      		             1,594,000,000 1,626,000,000 1,952,000,000 1,797,000,000 1,294,000,000 1,221,000,000 1,222,000,000 1,089,000,000 928,000,000 766,000,000 819,000,000 918,000,000 1,235,000,000 
        share capital - authorized 775 million shares of stock 2022 issued and outstanding: 245.7 million shares
      		             3,000,000             
        2022 issued and outstanding: 249.2 million shares
      		              3,000,000            
        2022 issued and outstanding: 255.9 million shares
      		               3,000,000           
        current assets - sum
      		                2,168,000,000 1,587,000,000   1,239,000,000    2,241,000,000  
        2022 issued and outstanding: 258.6 million shares
      		                3,000,000          
        share capital - authorized 775 million shares of stock 2021 issued and outstanding: 258.0 million shares
      		                 3,000,000         
        2021 issued and outstanding: 261.1 million shares
      		                  3,000,000 3,000,000       
        2021 issued and outstanding: 261.0 million shares
      		                    3,000,000      
        share capital - authorized 775 million shares of stock 2020 issued and outstanding: 259.8 million shares
      		                     3,000,000     
        share capital - authorized 775 million shares of common stock
      		                          
        2020 issued and outstanding: 259.8 million shares
      		                      3,000,000 3,000,000 3,000,000  
        share capital 2019 issued and outstanding: 259.8 million shares
      		                         7,061,000,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 
                                 
          operating activities
        		                         
          net earnings
        		-630,000,000 1,094,000,000 -159,000,000 466,000,000 -159,000,000 618,000,000 167,000,000 2,000,000 338,000,000 1,679,000,000 70,000,000 -151,000,000 487,000,000 2,451,000,000 -171,000,000 1,598,000,000 -241,000,000 1,488,000,000 133,000,000 -514,000,000 309,000,000 -4,576,000,000 2,862,000,000 -4,804,000,000 421,000,000 
          depreciation, depletion and amortization
        		561,000,000 1,634,000,000 -11,000,000 11,000,000 545,000,000 1,691,000,000 19,000,000 14,000,000 566,000,000 1,339,000,000 67,000,000 55,000,000 364,000,000 822,000,000 13,000,000 14,000,000 264,000,000 893,000,000 -14,000,000 3,000,000 308,000,000 1,428,000,000 -87,000,000 -41,000,000 534,000,000 
          impairments
        		1,485,000,000 779,000,000   730,000,000                 4,244,000,000 -1,914,000,000 2,973,000,000 277,000,000 
          accretion of asset retirement obligation
        		7,000,000 21,000,000 -1,000,000 2,000,000 6,000,000 14,000,000 1,000,000 -1,000,000 5,000,000 14,000,000 1,000,000 -1,000,000 5,000,000 14,000,000 -1,000,000 0 5,000,000 17,000,000 -1,000,000 0 6,000,000 21,000,000 -1,000,000 0 9,000,000 
          deferred income taxes
        		-210,000,000 -544,000,000 -36,000,000 143,000,000 -77,000,000 123,000,000 -82,000,000 45,000,000 58,000,000 222,000,000 -125,000,000 -17,000,000 64,000,000 -175,000,000 30,000,000 66,000,000 -8,000,000 -22,000,000   -20,000,000 423,000,000 -337,000,000 155,000,000 140,000,000 
          unrealized loss on risk management
        		53,000,000 -26,000,000 74,000,000 -100,000,000 46,000,000 167,000,000 -23,000,000          1,012,000,000    271,000,000    -904,000,000 
          unrealized foreign exchange loss
        		-1,000,000 -41,000,000 -4,000,000 47,000,000 -45,000,000 19,000,000 21,000,000          -3,000,000    2,000,000    101,000,000 
          foreign exchange loss on settlements
        		-1,000,000   43,000,000 -42,000,000 -40,000,000 3,000,000                   
          other
        		-25,000,000 15,000,000 -21,000,000   22,000,000 -153,000,000 23,000,000 -7,000,000 2,000,000 -3,000,000 66,000,000 -45,000,000 91,000,000 25,000,000 17,000,000 15,000,000 80,000,000 -20,000,000 24,000,000 20,000,000 -10,000,000 -20,000,000 74,000,000 -63,000,000 
          net change in other assets and liabilities
        		-14,000,000 -33,000,000 4,000,000 0 -11,000,000 -93,000,000 61,000,000 -30,000,000 -12,000,000 -48,000,000 -2,000,000 -7,000,000 -5,000,000 -40,000,000 -4,000,000 -1,000,000 -12,000,000 -29,000,000 -5,000,000 1,000,000 -6,000,000 -126,000,000 21,000,000 -16,000,000 -52,000,000 
          net change in non-cash working capital
        		-169,000,000 -17,000,000 -187,000,000 231,000,000 -120,000,000 -272,000,000 -12,000,000 401,000,000 -364,000,000 522,000,000 -336,000,000 -78,000,000 222,000,000 -218,000,000 -102,000,000 479,000,000 -346,000,000 -18,000,000 -45,000,000 79,000,000 -57,000,000 -3,000,000 261,000,000 -202,000,000 83,000,000 
          cash from operating activities
        		1,056,000,000 2,840,000,000 -201,000,000 140,000,000 873,000,000 2,699,000,000 2,000,000 361,000,000 659,000,000 3,261,000,000 75,000,000 -237,000,000 1,068,000,000 2,904,000,000 -382,000,000 659,000,000 685,000,000 2,317,000,000 62,000,000 -77,000,000 827,000,000 1,402,000,000 376,000,000 -449,000,000 566,000,000 
          investing activities
        		                         
          capital expenditures
        		-605,000,000 -1,603,000,000 -23,000,000 96,000,000 -617,000,000 -1,765,000,000 84,000,000 -31,000,000 -591,000,000 -1,910,000,000 -194,000,000 -30,000,000 -610,000,000 -1,320,000,000 0 -60,000,000 -451,000,000 -1,154,000,000 18,000,000 -33,000,000 -350,000,000 -1,385,000,000 -99,000,000 538,000,000 -790,000,000 
          free cash flows
        		451,000,000 1,237,000,000 -224,000,000 236,000,000 256,000,000 934,000,000 86,000,000 330,000,000 68,000,000 1,351,000,000 -119,000,000 -267,000,000 458,000,000 1,584,000,000 -382,000,000 599,000,000 234,000,000 1,163,000,000 80,000,000 -110,000,000 477,000,000 17,000,000 277,000,000 89,000,000 -224,000,000 
          acquisitions
        		-7,000,000 -2,568,000,000 34,000,000 2,307,000,000 -2,310,000,000 -198,000,000 -2,000,000 185,000,000 -190,000,000 -218,000,000 -44,000,000 184,000,000 -199,000,000 -274,000,000 -5,000,000 8,000,000 -15,000,000   -1,000,000 -1,000,000 -18,000,000 0 16,000,000 -17,000,000 
          corporate acquisition, net of cash acquired
        		-1,192,000,000                         
          proceeds from divestitures
        		7,000,000 1,901,000,000 14,000,000 -1,872,000,000 1,884,000,000 160,000,000 1,000,000 0 2,000,000 760,000,000 -705,000,000 705,000,000 12,000,000 3,000,000 221,000,000 3,000,000 1,000,000 1,033,000,000 -1,031,000,000 1,021,000,000 2,000,000 50,000,000 31,000,000 -14,000,000 22,000,000 
          net change in investments and other
        		59,000,000 -161,000,000 80,000,000 -194,000,000 148,000,000 -150,000,000 42,000,000 -22,000,000 6,000,000 -72,000,000 -128,000,000 221,000,000 -66,000,000 69,000,000   48,000,000 -26,000,000 76,000,000 -98,000,000 28,000,000 -266,000,000 340,000,000 -402,000,000 130,000,000 
          cash from investing activities
        		-1,738,000,000 -2,431,000,000 105,000,000 337,000,000 -895,000,000 -1,941,000,000 125,000,000 120,000,000 -761,000,000 -4,665,000,000 2,154,000,000 -2,145,000,000 -863,000,000 -1,522,000,000 250,000,000 -97,000,000 -417,000,000 -158,000,000 -935,000,000 889,000,000 -321,000,000 -1,619,000,000 272,000,000 138,000,000 -655,000,000 
          financing activities
        		                         
          net issuance (repayment) of revolving debt
        		297,000,000 472,000,000 -517,000,000 311,000,000 85,000,000 -74,000,000 -99,000,000 -572,000,000 461,000,000 -138,000,000                
          issuance of debt under the term credit agreement
        		1,151,000,000                         
          repayment of long-term debt
        		-459,000,000             -1,109,000,000 578,000,000 -1,097,000,000 -6,000,000 -619,000,000 101,000,000   -163,000,000 -83,000,000 63,000,000 -89,000,000 
          purchase of shares of common stock
        		-84,000,000 -147,000,000 -13,000,000   -434,000,000 21,000,000 66,000,000 -250,000,000 -381,000,000 44,000,000 150,000,000 -239,000,000 -394,000,000 -190,000,000 -64,000,000 -71,000,000         
          dividends on shares of common stock
        		-85,000,000 -231,000,000 0 1,000,000 -78,000,000 -238,000,000 2,000,000 0 -80,000,000 -225,000,000 0 -21,000,000 -61,000,000 -177,000,000 2,000,000 -12,000,000 -52,000,000 -85,000,000 -12,000,000 -1,000,000 -24,000,000 -73,000,000 1,000,000 -1,000,000 -24,000,000 
          cash from financing activities
        		672,000,000 -404,000,000 72,000,000 -418,000,000 -12,000,000 -778,000,000 -77,000,000 -478,000,000 102,000,000 1,460,000,000 -2,307,000,000 2,390,000,000 -184,000,000 -1,579,000,000 400,000,000 -896,000,000 -193,000,000 -1,862,000,000 650,000,000 -700,000,000 -507,000,000 50,000,000 -591,000,000 326,000,000 9,000,000 
          foreign exchange gain on cash, cash equivalents
        		                         
          and restricted cash held in foreign currency
        		1,000,000 -17,000,000 17,000,000   8,000,000   2,000,000     -3,000,000 5,000,000 -5,000,000 1,000,000  -4,000,000   -6,000,000 0 8,000,000 -7,000,000 
          increase in cash, cash equivalents and restricted cash
        		-9,000,000 -12,000,000 -7,000,000 46,000,000 -34,000,000 -12,000,000 48,000,000 1,000,000 2,000,000 47,000,000 -75,000,000 5,000,000 21,000,000 -200,000,000 273,000,000 -339,000,000 76,000,000 299,000,000 -227,000,000 114,000,000 -1,000,000 -173,000,000 57,000,000 23,000,000 -87,000,000 
          cash, cash equivalents and restricted cash, beginning of year
        		35,000,000    42,000,000    3,000,000    5,000,000    195,000,000    10,000,000    190,000,000 
          cash, cash equivalents and restricted cash, end of period
        		26,000,000  5,000,000 12,000,000 8,000,000  51,000,000 3,000,000 5,000,000  -49,000,000 26,000,000 26,000,000  10,000,000 -263,000,000 271,000,000  -114,000,000 113,000,000 9,000,000  -7,000,000 -64,000,000 103,000,000 
          cash, end of period
        		23,000,000  -4,000,000 12,000,000 7,000,000  3,000,000 3,000,000 3,000,000  -6,000,000 3,000,000 6,000,000  4,000,000 -40,000,000 48,000,000  -60,000,000 59,000,000 8,000,000  -7,000,000 -6,000,000 35,000,000 
          cash equivalents, end of period
        		3,000,000  9,000,000 0 1,000,000   0 2,000,000   23,000,000 20,000,000    223,000,000  -54,000,000 54,000,000 1,000,000  0 -37,000,000 47,000,000 
          restricted cash, end of period
        		                        21,000,000 
          supplementary cash flow information
        		                         
          issuance of long-term debt
        		                         
          cash, cash equivalents and restricted cash, end of year
        		                         
          cash, end of year
        		                         
          cash equivalents, end of year
        		                         
          restricted cash, end of year
        		                         
          corporate acquisition
        		        12,000,000                 
          finance lease payments and other
        		   17,000,000 -19,000,000 -32,000,000 -1,000,000 28,000,000 -29,000,000 -74,000,000 -2,000,000 70,000,000 -71,000,000 -67,000,000 0 62,000,000 -64,000,000 -97,000,000 71,000,000       
          cash, cash equivalents and restricted cash, beginning of period
        		  12,000,000    3,000,000    26,000,000    -263,000,000    113,000,000    -64,000,000   
          unrealized (gain) loss on risk management
        		        100,000,000 -486,000,000 434,000,000 -124,000,000 -18,000,000 -31,000,000 -197,000,000    3,000,000   -39,000,000 -436,000,000   
          unrealized foreign exchange (gain) loss
        		        -23,000,000 13,000,000 -29,000,000 15,000,000 -5,000,000 -6,000,000 13,000,000    10,000,000   32,000,000 29,000,000   
          foreign exchange (gain) loss on settlements
        		        -2,000,000 4,000,000                
          foreign exchange on settlements
        		           5,000,000 -1,000,000    -1,000,000 -8,000,000 0 3,000,000 -6,000,000 8,000,000   20,000,000 
          net issuance (repayment) of revolving long-term debt
        		           -87,000,000 187,000,000 168,000,000 10,000,000     -30,000,000 -460,000,000 352,000,000 -508,000,000 264,000,000 144,000,000 
          loss on divestitures
        		                         
          corporate acquisition, net of cash and restricted cash acquired
        		                         
          finance lease payments
        		                    -23,000,000     
          (gain) loss on divestitures
        		                         
          finance lease payments and other financing arrangements
        		                     -66,000,000 -1,000,000 0 -22,000,000 
          purchase of common shares
        		                         
          dividends on common shares