Ovintiv
Ovintiv Inc., formerly known as Encana Corporation, is a leading energy company headquartered in the United States. Established in 2002, Ovintiv has evolved into a prominent player in the oil and gas industry, with significant operations across North America, particularly in the Permian Basin and the Montney region of Canada. Specialising in the exploration and production of oil and natural gas, Ovintiv is recognised for its innovative approach to resource development and commitment to sustainability. The company’s core services include hydraulic fracturing and horizontal drilling, which enhance efficiency and reduce environmental impact. With a strong market position, Ovintiv has achieved notable milestones, including a successful rebranding in 2020 that reflects its strategic focus on high-quality assets. As a forward-thinking entity, Ovintiv continues to drive advancements in energy production while prioritising responsible practices.
DitchCarbon Score
How does Ovintiv's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Natural Gas Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ovintiv's score of 10 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Ovintiv's reported carbon emissions
In 2023, Ovintiv reported total carbon emissions of approximately 3,307,430,000 kg CO2e for Scope 1 and about 351,883,000 kg CO2e for Scope 2. This reflects a significant reduction from previous years, as their Scope 1 emissions were approximately 4,607,622,000 kg CO2e in 2020 and 5,956,212,000 kg CO2e in 2019. The company has demonstrated a commitment to reducing its carbon footprint, with a notable decrease in emissions over the years. Ovintiv has not disclosed any specific targets for emissions reduction or commitments to the Science Based Targets initiative (SBTi). However, their ongoing efforts to lower emissions are evident in the decreasing trends observed in their reported data. The company continues to focus on improving its greenhouse gas (GHG) intensity, with a reported GHG intensity of 13,200 kg CO2e per Mboe for Scope 1 and 1,300 kg CO2e per Mboe for Scope 2 in 2023. Overall, while specific reduction targets are not outlined, Ovintiv's emissions data indicates a proactive approach to managing and reducing carbon emissions in alignment with industry standards.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,612,528,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 212,956,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 41,686,000 | 00,000,000 | 00,000,000 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ovintiv is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
