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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.
5
DitchCarbon score
-14 vs industry average
Ovintiv’s score of 5 is lower than 16% 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
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's Carbon Emissions and Climate Commitments
Ovintiv, a US-headquartered natural gas and services company, reported Scope 1 emissions of approximately 3.31 billion kg CO2e and Scope 2 emissions of about 351.88 million kg CO2e for the 2023 reporting year. The company has not disclosed Scope 3 emissions data.
Looking at previous years, Ovintiv's Scope 1 and 2 emissions have shown a general downward trend:
- In 2022, Scope 1 emissions were approximately 3.39 billion kg CO2e, and Scope 2 emissions were about 346.43 million kg CO2e.
- In 2021, Scope 1 emissions were around 3.85 billion kg CO2e, and Scope 2 emissions were about 376.06 million kg CO2e.
- For 2020, Scope 1 emissions stood at approximately 4.61 billion kg CO2e, with Scope 2 emissions at about 453.33 million kg CO2e.
- In 2019, Scope 1 emissions were about 5.96 billion kg CO2e, and Scope 2 emissions were around 424.94 million kg CO2e.
- In 2018, the company reported Scope 1 emissions of approximately 5.62 billion kg CO2e and Scope 2 emissions of about 391.09 million kg CO2e.
- For 2017, Scope 1 emissions were about 3.57 billion kg CO2e, and Scope 2 emissions were around 242.58 million kg CO2e.
- In 2016, Scope 1 emissions were approximately 3.61 billion kg CO2e, and Scope 2 emissions were about 212.96 million kg CO2e.
Ovintiv also reports production-based GHG intensity metrics. For 2023, the GHG intensity (Scope 1 & 2) was 13,200 kg CO2e per Mboe (gross), and GHG intensity (Scope 2) was 1,300 kg CO2e per Mboe (gross). In 2020, Scope 1 GHG intensity was 17,900 kg CO2e per Mboe (gross) and methane intensity (Scope 1) was 100 tonnes per tonne (gross). For 2019, Scope 1 GHG intensity was 20,800 kg CO2e per Mboe (gross) and methane intensity (Scope 1) was 200 tonnes per tonne (gross). In 2018, Scope 1 GHG intensity was 20,900 kg CO2e per Mboe (gross) and methane intensity (Scope 1) was 200 tonnes per tonne (gross).
Ovintiv has not publicly disclosed specific, quantifiable greenhouse gas emission reduction targets. No Science Based Targets initiative (SBTi) commitments or other documented reduction targets were found. Ovintiv's climate-related disclosures and performance data are sourced directly from Ovintiv Inc.
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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.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Ovintiv7 days ago
5
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