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Ovintiv Inc

Common Name
Ovintiv
Country
United States
Sector
Energy
Industry
Oil & Gas E&P
Employees
1,623
Ticker
OVV
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Ovintiv Inc. is a prominent North American energy production company that primarily focuses on the exploration, development, and production of oil, natural gas, and natural gas liquids. With a strong ...

Ovintiv's GHG Emissions Data Preview

In 2024, Ovintiv completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, Ovintiv has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)202420232022
2021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Ovintiv’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Ovintiv’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Ovintiv’s data sources below and access millions more through our Disclosure Search.

a. Ovintiv's Sustainability Report 2024
b. Ovintiv's Sustainability Report 2021

Insights into Ovintiv's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Ovintiv amounted to 5,351,601 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Ovintiv decreased by 7.12%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Ovintiv's Scope 1 Emissions Over Time

20192020202120222023202401.5 M3 M4.5 M6 MtCO2e-23%-16%+26%+6%-9%
  • Total Scope 1
  • Year-over-Year Change

What are Ovintiv's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Ovintiv were 4,669,988 metric tons of CO₂ equivalent (tCO₂e).a

Has Ovintiv reduced its Scope 1 emissions over time?

Since 2019, Ovintiv's Scope 1 emissions have decreased by 21.59%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2023), Ovintiv's Scope 1 emissions decreased by 9.45%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Ovintiv's Scope 2 emissions?

In 2024, Ovintiv reported Scope 2 greenhouse gas (GHG) emissions of 681,613 tCO₂e without specifying the calculation method.a

Has Ovintiv reduced its Scope 2 emissions over time?

Since 2019, Ovintiv's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 60.4%, reflecting a rising long-term trend in Scope 2 emissions over time.ab

Compared to the previous year (2023), Ovintiv's Scope 2 emissions (Unspecified Calculation Method) rose by 12.72% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does Ovintiv use for Scope 2 reporting?

In 2024, Ovintiv reported its Scope 2 emissions using an unspecified methodology.a

Ovintiv's Scope 2 Emissions Over Time

2019202020212022202320240200 k400 k600 k800 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Ovintiv’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Ovintiv reported Scope 1 greenhouse gas (GHG) emissions of 4,669,988 tCO₂e and total revenues of USD 9,152 millions. This translates into an emissions intensity of 510.27 tCO₂e per millions USD.a

Ovintiv's Scope 1 Emissions Intensity Compared to Peers

1050020,0002,000,000100,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000200,000Revenues (Millions of USD)Chord EnergyYear: 2024Scope 1: 1,944,660 tCO2eRevenue: $M 5,251Scope 1 Intensity: 370.34 tCO2e/$MSM EnergyYear: 2024Scope 1: 887,972 tCO2eRevenue: $M 2,671Scope 1 Intensity: 332.41 tCO2e/$MComstock ResourcesYear: 2024Scope 1: 328,836 tCO2eRevenue: $M 1,254Scope 1 Intensity: 262.32 tCO2e/$MEQT CorpYear: 2024Scope 1: 661,557 tCO2eRevenue: $M 5,222Scope 1 Intensity: 126.68 tCO2e/$MGulfport EnergyYear: 2023Scope 1: 275,100 tCO2eRevenue: $M 1,051Scope 1 Intensity: 261.66 tCO2e/$MHessYear: 2024Scope 1: 2,000,000 tCO2eRevenue: $M 12,896Scope 1 Intensity: 155.09 tCO2e/$MTexas Pacific Land CorpYear: 2023Scope 1: 13,819 tCO2eRevenue: $M 632Scope 1 Intensity: 21.88 tCO2e/$MCNX ResourcesYear: 2024Scope 1: 484,380 tCO2eRevenue: $M 1,439Scope 1 Intensity: 336.56 tCO2e/$MMagnolia Oil & GasYear: 2024Scope 1: 622,491 tCO2eRevenue: $M 1,316Scope 1 Intensity: 473.06 tCO2e/$MDiamondback EnergyYear: 2024Scope 1: 2,776,675 tCO2eRevenue: $M 11,023Scope 1 Intensity: 251.90 tCO2e/$MNorthern Oil and GasYear: 2024Scope 1: 17 tCO2eRevenue: $M 2,154Scope 1 Intensity: 0.01 tCO2e/$MOccidental PetroleumYear: 2024Scope 1: 17,900,000 tCO2eRevenue: $M 26,725Scope 1 Intensity: 669.78 tCO2e/$MPermian Resources HoldingsYear: 2024Scope 1: 2,293,371 tCO2eRevenue: $M 5,001Scope 1 Intensity: 458.61 tCO2e/$MMurphy OilYear: 2024Scope 1: 986,645 tCO2eRevenue: $M 3,019Scope 1 Intensity: 326.86 tCO2e/$MCalifornia ResourcesYear: 2024Scope 1: 4,467,797 tCO2eRevenue: $M 2,931Scope 1 Intensity: 1,524.33 tCO2e/$MAPA Corp (US)Year: 2024Scope 1: 6,225,000 tCO2eRevenue: $M 9,737Scope 1 Intensity: 639.31 tCO2e/$MCoterra EnergyYear: 2024Scope 1: 1,177,337 tCO2eRevenue: $M 5,458Scope 1 Intensity: 215.71 tCO2e/$MEOG ResourcesYear: 2024Scope 1: 6,000,000 tCO2eRevenue: $M 23,378Scope 1 Intensity: 256.65 tCO2e/$MRange ResourcesYear: 2024Scope 1: 195,199 tCO2eRevenue: $M 2,347Scope 1 Intensity: 83.17 tCO2e/$MConocoPhillipsYear: 2024Scope 1: 15,500,000 tCO2eRevenue: $M 54,745Scope 1 Intensity: 283.13 tCO2e/$MContinental ResourcesYear: 2024Scope 1: 3,000,000 tCO2eRevenue: $M 7,378Scope 1 Intensity: 406.63 tCO2e/$MExpand EnergyYear: 2024Scope 1: 1,629,138 tCO2eRevenue: $M 4,221Scope 1 Intensity: 385.96 tCO2e/$MOvintivYear: 2024Scope 1: 4,669,988 tCO2eRevenue: $M 9,152Scope 1 Intensity: 510.27 tCO2e/$M

How does Ovintiv's GHG emissions intensity compare to its peers?

In 2024, Ovintiv reported a Scope 1 emissions intensity of 510.27 tCO₂e per millions USD. Compared to the peer group median of 304.99, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Ovintiv rank on GHG emissions intensity within its industry?

In 2024, Ovintiv ranked 20 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Ovintiv among the least efficient performers, with one of the highest emissions intensities in its sector.a

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