Ovintiv (OVV) Operating Expenses (2019 - 2026)
Ovintiv (OVV) recorded Operating Expenses of $2.02 billion in Q2 2026, up 11.7% from $1.81 billion a year earlier but down 38.6% from the prior quarter.
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Analysis
Ovintiv (OVV) Operating Expenses (2019 - 2026) Analysis & Trends
On a TTM basis, Ovintiv's Operating Expenses came in at $8.81 billion as of Jun 30, 2026, up 6.7% year-over-year; for FY2025, it was $7.78 billion, up 2.7% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of -7.5% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $7.57 billion in FY2024 (-5.6%), $8.02 billion in FY2023 (-6.9%), $8.61 billion in FY2022 (+20.6%) and $7.14 billion in FY2021 (-37.8%).
- Quarterly Operating Expenses has ranged from $1.71 billion in Q4 2025 to $3.29 billion in Q1 2026 over the past five years.
- On a year-over-year basis, Operating Expenses rose in five of the last eight quarters, with growth averaging 6.6%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 33.3% in Q1 2026, against a decline of 33.6% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.29 billion (Q1 2026), $1.71 billion (Q4 2025) and $1.79 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 3.19 Bn |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 53.37 Bn |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | 46.44 Bn |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | - |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 2.43 Bn |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | -22.18 Bn |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | 47.07 Bn |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 114.95 Mn |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 17.00 Mn |
| 10 | Ovintiv | 16.47 Bn | 15.43 Bn | 2.83 Bn | 2.02 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.02 Bn |
| Mar 31, 2026 | 3.29 Bn |
| Dec 31, 2025 | 1.71 Bn |
| Sep 30, 2025 | 1.79 Bn |
| Jun 30, 2025 | 1.81 Bn |
| Mar 31, 2025 | 2.47 Bn |
| Dec 31, 2024 | 2.19 Bn |
| Sep 30, 2024 | 1.80 Bn |
| Jun 30, 2024 | 1.73 Bn |
| Mar 31, 2024 | 1.86 Bn |
| Dec 31, 2023 | 1.98 Bn |
| Sep 30, 2023 | 2.18 Bn |
| Jun 30, 2023 | 1.99 Bn |
| Mar 31, 2023 | 1.87 Bn |
| Dec 31, 2022 | 2.05 Bn |
| Sep 30, 2022 | 2.18 Bn |
| Jun 30, 2022 | 2.22 Bn |
| Mar 31, 2022 | 2.17 Bn |
| Dec 31, 2021 | 1.89 Bn |
| Sep 30, 2021 | 1.79 Bn |
API Access
Ovintiv Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=OVV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "OVV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=OVV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();