v3.26.1
Business Combination (Schedule of Purchase Price Allocation) (Details)
$ in Millions, $ in Billions
Feb. 03, 2026
USD ($)
Feb. 03, 2026
CAD ($)
Mar. 31, 2026
USD ($)
Feb. 03, 2026
CAD ($)
Dec. 31, 2025
USD ($)
Assets Acquired:          
Goodwill     $ 2,843   $ 2,576
NuVista Acquisition [Member]          
Consideration:          
Fair value of shares of Ovintiv common stock issued $ 1,277     $ 1.8  
Cash 1,204 $ 1.6      
Total Consideration 2,481        
Fair value of 18.5 million NuVista common shares held by Ovintiv 270        
Total Consideration and Fair Value of NuVista Shares held by Ovintiv 2,751 $ 3.8      
Assets Acquired:          
Cash and cash equivalents 12        
Accounts receivable and accrued revenues 157        
Income tax receivable 12        
Risk management assets, net 169        
Operating lease right-of-use assets 111        
Goodwill 283        
Liabilities Assumed:          
Accounts payable and accrued liabilities (108)        
Debt (229)        
Operating lease liabilities (111)        
Asset retirement obligation (51)        
Other long-term liabilities (13)        
Deferred income taxes (577)        
Total Purchase Price 2,751        
NuVista Acquisition [Member] | Proved Properties [Member]          
Assets Acquired:          
Property, plant and equipment, net 2,481        
NuVista Acquisition [Member] | Unproved Properties [Member]          
Assets Acquired:          
Property, plant and equipment, net 596        
NuVista Acquisition [Member] | Other Capitalized Property Plant and Equipment [Member]          
Assets Acquired:          
Property, plant and equipment, net $ 19