Discontinued — last reported Q4 '22
Oil — Revenue
Ovintiv Oil — Revenue decreased by 12.0% to $1.75B in Q4 2022 compared to the prior quarter. Year-over-year, this metric grew by 11.4%, from $1.57B to $1.75B. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests higher production volumes or favorable market pricing for crude oil, while a decrease may indicate lower output, operational disruptions, or declining commodity prices.
Detailed definition
This metric represents the total gross revenue generated from the sale of crude oil products to customers, net of any as...
Peer comparison
This is a standard revenue line item for upstream energy companies, comparable to 'Oil Sales' or 'Crude Oil Revenue' reported by other exploration and production peers.
ovv_segment_oil_revenue_from_contract_with_customer_excluding_assessed_taxHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | |
|---|---|---|---|---|---|---|---|
| Value | $1.46B | $1.48B | $1.57B | $1.97B | $2.25B | $1.99B | $1.75B |
| QoQ Change | — | +0.8% | +6.6% | +25.0% | +14.2% | -11.3% | -12.0% |
| YoY Change | — | — | — | — | +53.3% | +34.9% | +11.4% |
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Frequently Asked Questions
- What is Ovintiv's oil — revenue?
- Ovintiv (OVV) reported oil — revenue of $1.75B in Q4 2022.
- How has Ovintiv's oil — revenue changed year-over-year?
- Ovintiv's oil — revenue increased by 11.4% year-over-year, from $1.57B to $1.75B.
- What does oil — revenue mean?
- The total revenue earned from selling crude oil, excluding taxes.