What is Ovintiv's us — costs incurred exploration costs?

Ovintiv (OVV) reported us — costs incurred exploration costs of $500.00K in Q4 2025.

How has Ovintiv's us — costs incurred exploration costs changed year-over-year?

Ovintiv's us — costs incurred exploration costs decreased by 66.7% year-over-year, from $1.50M to $500.00K.

What is the long-term trend for Ovintiv's us — costs incurred exploration costs?

Over 4 years (2021 to 2025), Ovintiv's us — costs incurred exploration costs has grown at a -33.1% compound annual growth rate (CAGR), from $10.00M to $2.00M.

What does us — costs incurred exploration costs mean?

Costs associated with searching for new oil and gas reserves.

Discontinued — last reported Q4 '25

Geographic · Costs Incurred Exploration Costs

US — Costs Incurred Exploration Costs

Ovintiv US — Costs Incurred Exploration Costs remained flat by 0.0% to $500.00K in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 66.7%, from $1.50M to $500.00K. Over 4 years (FY 2021 to FY 2025), US — Costs Incurred Exploration Costs shows a downward trend with a -33.1% CAGR.

Analysis

StatementSegment

CategoryGrowth

SignalContext dependent

VolatilityModerate

First reportedQ1 2017

Last reportedQ4 2025Feb 23, 2026

Rolls up toCosts Incurred Exploration Costs

How to read this metric

High exploration costs suggest a high-risk, high-reward growth strategy, while low costs indicate a focus on exploiting known, mature fields.

Detailed definition

Includes costs incurred to identify areas that may warrant examination and to examine specific areas, including geologic...

Peer comparison

Standardized as 'Exploration Costs' in oil and gas financial reporting.

Metric ID: ovv_segment_us_costs_incurred_exploration_costs

Historical Data

5 years

	FY'21	FY'22	FY'23	FY'24	FY'25
Value	$10.00M	$5.00M	$3.00M	$6.00M	$2.00M
YoY Change	—	-50.0%	-40.0%	+100.0%	-66.7%

Range$2.00M – $10.00M

CAGR-33.1%

Avg YoY Growth-14.2%

Median YoY Growth-45.0%

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Frequently Asked Questions

What is Ovintiv's us — costs incurred exploration costs?: Ovintiv (OVV) reported us — costs incurred exploration costs of $500.00K in Q4 2025.
How has Ovintiv's us — costs incurred exploration costs changed year-over-year?: Ovintiv's us — costs incurred exploration costs decreased by 66.7% year-over-year, from $1.50M to $500.00K.
What is the long-term trend for Ovintiv's us — costs incurred exploration costs?: Over 4 years (2021 to 2025), Ovintiv's us — costs incurred exploration costs has grown at a -33.1% compound annual growth rate (CAGR), from $10.00M to $2.00M.
What does us — costs incurred exploration costs mean?: Costs associated with searching for new oil and gas reserves.