Discontinued — last reported Q4 '23
Business Segments · CapEx
Canadian Operations — CapEx
Ovintiv Canadian Operations — CapEx decreased by 1.5% to $134.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 123.3%, from $60.00M to $134.00M. Over 2 years (FY 2021 to FY 2023), Canadian Operations — CapEx shows an upward trend with a 18.5% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2017
Last reportedQ4 2023Feb 27, 2024
How to read this metric
An increase indicates higher capital investment for growth, whereas a decrease suggests a shift toward capital preservation or reduced development activity.
Detailed definition
This metric measures the capital expenditures directed toward the acquisition, development, and expansion of oil and gas...
Peer comparison
Standardized across the energy sector as 'Capital Expenditures' or 'Additions to Property, Plant, and Equipment'.
Metric ID:
ovv_segment_canadian_operations_payments_to_acquire_property_plant_and_equipmentHistorical Data
11 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $103.00M | $99.00M | $100.00M | $78.00M | $101.00M | $95.00M | $60.00M | $142.00M | $137.00M | $136.00M | $134.00M |
| QoQ Change | — | -3.9% | +1.0% | -22.0% | +29.5% | -5.9% | -36.8% | +136.7% | -3.5% | -0.7% | -1.5% |
| YoY Change | — | — | — | — | -1.9% | -4.0% | -40.0% | +82.1% | +35.6% | +43.2% | +123.3% |
Range$60.00M – $142.00M
CAGR+11.1%
Avg YoY Growth+34.0%
Median YoY Growth+35.6%
Current Streak3 quarters decline
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Ovintiv's canadian operations — capex?
- Ovintiv (OVV) reported canadian operations — capex of $134.00M in Q4 2023.
- How has Ovintiv's canadian operations — capex changed year-over-year?
- Ovintiv's canadian operations — capex increased by 123.3% year-over-year, from $60.00M to $134.00M.
- What is the long-term trend for Ovintiv's canadian operations — capex?
- Over 2 years (2021 to 2023), Ovintiv's canadian operations — capex has grown at a 18.5% compound annual growth rate (CAGR), from $391.00M to $549.00M.
- What does canadian operations — capex mean?
- Cash spent on purchasing or developing physical assets like oil and gas properties in the Canadian segment.