Ovintiv Inc.
For the period ended Mar 31, 2025. Filed May 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 6, 2025
OVV$61.60+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheet
| As at · As at | ||||||
|---|---|---|---|---|---|---|
| March 31, · December 31, | ||||||
| (US$ millions) · 2025 · 2024 | ||||||
| Assets | ||||||
| Current Assets | ||||||
| Cash and cash equivalents | $8 | $42 | ||||
| Accounts receivable and accrued revenues (net of allowances | ||||||
| of $5 million (2024: $5 million)) | (Note 4) | 1,240 | 1,183 | |||
| Risk management | (Notes 18, 19) | 80 | 108 | |||
| Income tax receivable | 22 | 36 | ||||
| 1,350 | 1,369 | |||||
| Property, Plant and Equipment, at cost: | (Notes 8, 9) | |||||
| Oil and natural gas properties, based on full cost accounting | ||||||
| Proved properties | 67,253 | 66,009 | ||||
| Unproved properties | 732 | 764 | ||||
| Other | 848 | 865 | ||||
| Property, plant and equipment | 68,833 | 67,638 | ||||
| Less: Accumulated depreciation, depletion and amortization | (54,562) | (53,274) | ||||
| Property, plant and equipment, net | (Note 3) | 14,271 | 14,364 | |||
| Other Assets | (Note 8) | 1,263 | 965 | |||
| Deferred Income Taxes | 184 | 10 | ||||
| Goodwill | (Note 3) | 2,546 | 2,546 | |||
| (Note 3) | $19,614 | $19,254 | ||||
| Liabilities and Shareholders’ Equity | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | $1,858 | $1,883 | ||||
| Current portion of operating lease liabilities | 102 | 82 | ||||
| Income tax payable | 14 | 9 | ||||
| Risk management | (Notes 18, 19) | 46 | 107 | |||
| Current portion of long-term debt | (Note 11) | 1,144 | 600 | |||
| 3,164 | 2,681 | |||||
| Long-Term Debt | (Note 11) | 4,394 | 4,853 | |||
| Operating Lease Liabilities | (Note 8) | 1,107 | 737 | |||
| Other Liabilities and Provisions | (Note 12) | 131 | 114 | |||
| Risk Management | (Notes 18, 19) | 13 | 21 | |||
| Asset Retirement Obligation | (Note 8) | 427 | 315 | |||
| Deferred Income Taxes | 298 | 202 | ||||
| 9,534 | 8,923 | |||||
| Commitments and Contingencies | (Note 21) | |||||
| Shareholders’ Equity | ||||||
| Share capital - authorized 775 million shares of stock | ||||||
| 2025 issued and outstanding: 261.1 million shares (2024: 260.4 million shares) | (Note 13) | 3 | 3 | |||
| Paid in surplus | 8,024 | 8,045 | ||||
| Retained earnings | 1,269 | 1,506 | ||||
| Accumulated other comprehensive income | (Note 14) | 784 | 777 | |||
| Total Shareholders’ Equity | 10,080 | 10,331 | ||||
| $19,614 | $19,254 | |||||
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