Discontinued — last reported Q4 '21
Business Segments · Asset Retirement Obligation Accretion Expense
Market Optimization — Asset Retirement Obligation Accretion Expense
This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityStable
First reportedQ1 2017
Last reportedQ4 2021Feb 25, 2022
Rolls up toAccretion Expense
How to read this metric
Generally reflects the passage of time and the proximity of asset retirement; stable levels are expected unless asset portfolios change.
Detailed definition
The periodic expense recognized to increase the carrying amount of the liability associated with the future retirement o...
Peer comparison
Standard for energy companies with physical infrastructure; peers report this as part of their environmental liability management.
Metric ID:
ovv_segment_market_optimization_asset_retirement_obligation_accretion_expenseHistorical Data
3 periods
| Q2 '21 | Q3 '21 | Q4 '21 | |
|---|---|---|---|
| Value | $0 | $0 | $0 |
Range$0 – $0
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Frequently Asked Questions
- What is Ovintiv's market optimization — asset retirement obligation accretion expense?
- Ovintiv (OVV) reported market optimization — asset retirement obligation accretion expense of $0 in Q4 2021.
- What does market optimization — asset retirement obligation accretion expense mean?
- The interest-like expense added to the estimated cost of future site cleanup and asset removal.