Public Profile

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.

8

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.

8

Industry Benchmark

Ovintiv's score of 8 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.

70%

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Ovintiv's reported carbon emissions

In 2023, Ovintiv reported carbon emissions of approximately 3,307,430,000 kg CO2e for Scope 1 and about 351,883,000 kg CO2e for Scope 2. The company has demonstrated a commitment to reducing its carbon footprint, achieving a significant reduction in emissions over the years. For instance, in 2022, Scope 1 emissions were approximately 3,392,284,000 kg CO2e, indicating a downward trend. Ovintiv has disclosed emissions data for both Scope 1 and Scope 2, but there is no available data for Scope 3 emissions. The company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other formal climate pledges, which suggests a need for further commitment in this area. Overall, while Ovintiv has made strides in reducing its emissions, the absence of formal reduction targets highlights an opportunity for the company to enhance its climate commitments and align with industry standards for sustainability.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20162017201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Ovintiv's primary industry is Natural gas and services related to natural gas extraction, excluding surveying, which is very high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Ovintiv is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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