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.
-13 vs industry average
Ovintiv’s score of 5 is lower than 20% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Natural Gas Extraction is among the most carbon-intensive industries
Industry performance
The Natural Gas Extraction industry has reduced its overall emissions by 99% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Ovintiv's reported carbon emissions
In 2023, Ovintiv, headquartered in the US, reported total emissions of approximately 3.4 billion kg CO2e, comprising about 3.3 billion kg CO2e from Scope 1 and approximately 351.9 million kg CO2e from Scope 2 emissions. This marks a slight decrease from 2022, where total emissions were approximately 3.4 billion kg CO2e, with Scope 1 emissions at about 3.4 billion kg CO2e and Scope 2 emissions at approximately 346.4 million kg CO2e. Ovintiv has not disclosed any Scope 3 emissions data, indicating a gap in their reporting on upstream and downstream emissions. Furthermore, there are currently no documented reduction targets or climate pledges, which suggests that the company may not have formalised commitments to reduce its carbon footprint in line with industry standards. The absence of specific reduction initiatives or targets highlights a potential area for improvement in Ovintiv's climate strategy, especially as the energy sector increasingly faces scrutiny regarding its environmental impact.
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Ovintiv’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Ovintiv yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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