Ovintiv (OVV) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Ovintiv Revenue Highlights

Latest Revenue (Y)

$10.73B

Latest Revenue (Q)

$2.32B

Main Segment (Y)

Natural Gas

Main Geography (Y)

Canadian Operations

Ovintiv Revenue by Period

Ovintiv Revenue by Year

Date	Revenue	Change
2023-12-31	$10.73B	-13.90%
2022-12-31	$12.46B	43.96%
2021-12-31	$8.66B	42.24%
2020-12-31	$6.09B	-9.50%
2019-12-31	$6.73B	13.25%
2018-12-31	$5.94B	33.67%
2017-12-31	$4.44B	52.26%
2016-12-31	$2.92B	-34.01%
2015-12-31	$4.42B	-44.86%
2014-12-31	$8.02B	36.89%
2013-12-31	$5.86B	13.53%
2012-12-31	$5.16B	-39.06%
2011-12-31	$8.47B	-4.54%
2010-12-31	$8.87B	-20.19%
2009-12-31	$11.11B	-63.03%
2008-12-31	$30.06B	40.18%
2007-12-31	$21.45B	30.78%
2006-12-31	$16.40B	14.94%
2005-12-31	$14.27B	20.80%
2004-12-31	$11.81B	15.60%
2003-12-31	$10.22B	60.65%
2002-12-31	$6.36B	0.24%
2001-12-31	$6.34B	-

Ovintiv generated $10.73B in revenue during NA 2023, up -13.90% compared to the previous quarter, and up 180.70% compared to the same period a year ago.

Ovintiv Revenue by Quarter

Date	Revenue	Change
2024-09-30	$2.32B	4.97%
2024-06-30	$2.21B	-11.65%
2024-03-31	$2.51B	-11.20%
2023-12-31	$2.82B	6.53%
2023-09-30	$2.65B	5.24%
2023-06-30	$2.52B	-1.33%
2023-03-31	$2.55B	-20.58%
2022-12-31	$3.21B	-9.50%
2022-09-30	$3.55B	-5.01%
2022-06-30	$3.74B	89.93%
2022-03-31	$1.97B	-41.09%
2021-12-31	$3.34B	86.64%
2021-09-30	$1.79B	5.73%
2021-06-30	$1.69B	-7.94%
2021-03-31	$1.84B	20.29%
2020-12-31	$1.53B	28.40%
2020-09-30	$1.19B	63.91%
2020-06-30	$726.00M	-72.53%
2020-03-31	$2.64B	68.88%
2019-12-31	$1.56B	-16.35%
2019-09-30	$1.87B	-8.95%
2019-06-30	$2.06B	66.40%
2019-03-31	$1.24B	-48.13%
2018-12-31	$2.38B	88.67%
2018-09-30	$1.26B	28.38%
2018-06-30	$983.00M	-25.13%
2018-03-31	$1.31B	8.51%
2017-12-31	$1.21B	40.53%
2017-09-30	$861.00M	-20.50%
2017-06-30	$1.08B	-16.50%
2017-03-31	$1.30B	57.79%
2016-12-31	$822.00M	-16.04%
2016-09-30	$979.00M	168.96%
2016-06-30	$364.00M	-51.66%
2016-03-31	$753.00M	-26.96%
2015-12-31	$1.03B	-21.42%
2015-09-30	$1.31B	58.07%
2015-06-30	$830.00M	-33.55%
2015-03-31	$1.25B	-44.59%
2014-12-31	$2.25B	-1.36%
2014-09-30	$2.29B	43.89%
2014-06-30	$1.59B	-16.07%
2014-03-31	$1.89B	32.96%
2013-12-31	$1.42B	2.23%
2013-09-30	$1.39B	-29.84%
2013-06-30	$1.98B	87.35%
2013-03-31	$1.06B	-34.02%
2012-12-31	$1.60B	56.59%
2012-09-30	$1.02B	40.22%
2012-06-30	$731.00M	-59.37%
2012-03-31	$1.80B	-26.90%
2011-12-31	$2.46B	4.59%
2011-09-30	$2.35B	18.48%
2011-06-30	$1.99B	19.14%
2011-03-31	$1.67B	16.49%
2010-12-31	$1.43B	-40.99%
2010-09-30	$2.42B	65.08%
2010-06-30	$1.47B	-58.56%
2010-03-31	$3.54B	-411.79%
2009-12-31	$-1.14B	-129.30%
2009-09-30	$3.88B	3.16%
2009-06-30	$3.76B	-18.36%
2009-03-31	$4.61B	-30.55%
2008-12-31	$6.63B	-38.37%
2008-09-30	$10.77B	47.06%
2008-06-30	$7.32B	13.78%
2008-03-31	$6.43B	11.20%
2007-12-31	$5.79B	-

Ovintiv generated $2.32B in revenue during Q3 2024, up 4.97% compared to the previous quarter, and up 92.33% compared to the same period a year ago.

Ovintiv Revenue Breakdown

Ovintiv Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Natural Gas	$1.88B	-	-	-	-
Natural Gas Gathering And Processing	$7.00M	-	-	-	-
Natural Gas Liquids	$1.73B	-	-	-	-
Oil	-	$7.96B	$5.64B	$2.67B	$3.64B
Natural Gas Liquids Reserves	-	$2.43B	$2.07B	$970.00M	$1.34B
Natural Gas Reserves	-	$3.87B	$2.75B	$1.86B	$2.03B

Ovintiv's latest annual revenue breakdown by segment (product or service), as of Dec 23: Natural Gas (51.93%), Natural Gas Liquids (47.87%), and Natural Gas Gathering And Processing (0.19%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Natural Gas Gathering And Processing	$3.00M	$1.00M	$2.00M	$2.00M	$1.00M	$3.00M	$1.00M	$2.00M	$1.00M	$1.00M	$2.00M	$6.00M	$2.00M	-	-	-	-	-	-
Natural Gas	$218.00M	$228.00M	$381.00M	$1.12B	$405.00M	$358.00M	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural Gas Liquids	-	-	$430.00M	$899.00M	$435.00M	$400.00M	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural Gas Reserves	-	-	-	-	-	-	$690.00M	$948.00M	$1.05B	$1.07B	$808.00M	$850.00M	$682.00M	$532.00M	$681.00M	$560.00M	$453.00M	$403.00M	$449.00M
Natural Gas Liquids Reserves	-	-	-	-	-	-	$441.00M	$496.00M	$600.00M	$703.00M	$632.00M	$604.00M	$561.00M	$475.00M	$429.00M	$316.00M	$237.00M	$150.00M	$267.00M
Oil	-	-	-	-	-	-	-	$1.75B	$1.99B	$2.25B	$1.97B	$1.57B	$1.48B	$1.46B	$1.13B	$710.00M	$636.00M	$468.00M	$854.00M

Ovintiv's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Natural Gas (98.64%), and Natural Gas Gathering And Processing (1.36%).

Ovintiv Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Canadian Operations	$2.21B	-	-	-	-
UNITED STATES	-	$9.56B	$6.49B	$4.40B	$4.99B
CANADA	-	$2.90B	$2.16B	$1.69B	$1.70B
CHINA	-	-	-	-	$37.00M

Ovintiv's latest annual revenue breakdown by geography, as of Dec 23: Canadian Operations (100.00%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Canadian Operations	$446.00M	$460.00M	$491.00M	$617.00M	$518.00M	$468.00M	$612.00M	$507.00M	$396.00M	$537.00M	$551.00M	$483.00M	$556.00M	$535.00M	$555.00M	$462.00M	$359.00M	$348.00M	$387.00M
China Operations Excluding Intercompany Segment Transactions	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Ovintiv's latest quarterly revenue breakdown by geography, as of Sep 24: Canadian Operations (100.00%).

Ovintiv Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
CNQ	Canadian Natural Resources	$35.97B	$8.24B
OVV	Ovintiv	$10.73B	$2.32B
EQT	EQT	$7.53B	$3.65T
BTE	Baytex Energy	$3.38B	$775.02M
CPG	Veren	$3.19B	$1.02B
PR	Permian Resources	$3.12B	$1.22B
RRC	Range Resources	$2.55B	$615.03M
VET	Vermilion Energy	$2.20B	$497.85M
CRK	Comstock Resources	$1.57B	$253.63M
VTLE	Vital Energy	$1.55B	$459.23M
SD	SandRidge Energy	$148.64M	$30.06M

OVV Revenue FAQ

What is Ovintiv’s yearly revenue?

Ovintiv's yearly revenue for 2023 was $10.73B, representing a decrease of -13.90% compared to 2022. The company's yearly revenue for 2022 was $12.46B, representing an increase of 43.96% compared to 2021. OVV's yearly revenue for 2021 was $8.66B, representing an increase of 42.24% compared to 2020.

What is Ovintiv’s quarterly revenue?

Ovintiv's quarterly revenue for Q3 2024 was $2.32B, a 4.97% increase from the previous quarter (Q2 2024), and a -12.27% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $2.21B, a -11.65% decrease from the previous quarter (Q1 2024), and a -12.04% decrease year-over-year (Q2 2023). OVV's quarterly revenue for Q1 2024 was $2.51B, a -11.20% decrease from the previous quarter (Q4 2023), and a -1.76% decrease year-over-year (Q1 2023).

What is Ovintiv’s revenue growth rate?

Ovintiv's revenue growth rate for the last 3 years (2021-2023) was 23.95%, and for the last 5 years (2019-2023) was 59.56%.

What are Ovintiv’s revenue streams?

Ovintiv's revenue streams in c 23 are Natural Gas, Natural Gas Gathering And Processing, and Natural Gas Liquids. Natural Gas generated $1.88B in revenue, accounting 51.93% of the company's total revenue Natural Gas Gathering And Processing generated $7M in revenue, accounting 0.19% of the company's total revenue Natural Gas Liquids generated $1.73B in revenue, accounting 47.87% of the company's total revenue

What is Ovintiv’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Ovintiv was Natural Gas. This segment made a revenue of $1.88B, representing 51.93% of the company's total revenue.