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OrganisationsOvintiv
Ovintiv logo

Ovintiv

Natural Gas ExtractionUnited StatesNYSE: OVV
Last verified 28 days agoovintiv.com

Ovintiv Inc., a prominent player in the natural gas industry, is headquartered in the United States and operates extensively across North America. Founded in 2003, the company has established itself as a leader in natural gas extraction and related services, excluding surveying.

With a focus on innovative extraction techniques and sustainable practices, Ovintiv offers a range of core services that enhance efficiency and reduce environmental impact. The company is recognised for its strategic positioning in key operational regions, including the Permian Basin and the Montney formation, which contribute significantly to its market presence.

Ovintiv's commitment to technological advancement and responsible resource management has garnered notable achievements, solidifying its reputation as a forward-thinking entity in the natural gas sector.

7
DitchCarbon score

-10 vs industry average

Ovintiv’s score of 7 is lower than 22% 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

Very High

Natural Gas Extraction is among the most carbon-intensive industries

Industry performance

0.868
20182025

The Natural Gas Extraction industry has reduced its overall emissions by 16% since 2018

Emissions trajectory 2020 – 2026

0.0B0.0B0.0B0.0B0

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2020202120222023202420252026

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Ovintiv's reported carbon emissions

Ovintiv, a US-based natural gas and services company, reported total greenhouse gas emissions of approximately 3.66 billion kg CO2e for 2023. This figure comprises Scope 1 emissions of about 3.31 billion kg CO2e and Scope 2 emissions of approximately 351.88 million kg CO2e. The company has been tracking Scope 1 and 2 emissions since 2016, with a notable reduction in Scope 1 emissions from approximately 5.96 billion kg CO2e in 2019 to 3.31 billion kg CO2e in 2023. Similarly, Scope 2 emissions decreased from around 424.94 million kg CO2e in 2019 to 351.88 million kg CO2e in 2023. Ovintiv has not yet disclosed Scope 3 emissions data. The company's sustainability reports provide GHG intensity metrics, such as 13,200 kg CO2e per Mboe for Scope 1 & 2 in 2023, indicating efforts to improve efficiency alongside emissions reduction. Ovintiv's emissions data is not cascaded from a parent organisation.

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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

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Ovintiv logoOvintiv
USNatural Gas Extraction
28 days ago
7
Repsol logoRepsol
ESPetroleum Electricity
6 days ago
75
View
Conocophillips logoConocophillips
USGas/Diesel Oil
15 hours ago
39
View
Range Resources logoRange Resources
USNatural Gas Liquids
7 days ago
29
View
Oxy logoOxy
USChemicals
6 days ago
28
View
Pioneer Natural Resources logoPioneer Natural Resources
USGas/Diesel Oil
7 days ago
27
View
Eog Resources logoEog Resources
USElectricity Transmission
2 days ago
22
View

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Ditchcarbonv260716.3
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