Share Capital (Tables)

6 Months Ended

Jun. 30, 2026

Class of Stock Disclosures [Abstract]

Schedule of Common Stock Issued and Outstanding


	As at					As at
	June 30, 2026					December 31, 2025
	Number					Number
	(millions)			Amount		(millions)			Amount

Shares of Common Stock Outstanding, Beginning of Year		253.3		$	3		260.4		$	3
Shares of Common Stock Purchased		(7.6	)		-		(7.8	)		-
Shares of Common Stock Issued		30.9			-		0.7			-
Shares of Common Stock Outstanding, End of Period		276.6		$	3		253.3		$	3

Earnings Per Common Share

The following table presents the calculation of net earnings (loss) per share of common stock:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(US$ millions, except per share amounts)	2026		2025		2026			2025

Net Earnings (Loss)	$	456	$	307	$	(174	)	$	148

Number of Shares of Common Stock:
Weighted average shares of common stock outstanding - Basic		280.0		259.0		274.1			259.7
Effect of dilutive securities (1)		1.9		1.1		-			1.9
Weighted Average Shares of Common Stock Outstanding - Diluted		281.9		260.1		274.1			261.6

Net Earnings (Loss) per Share of Common Stock
Basic	$	1.63	$	1.19	$	(0.63	)	$	0.57
Diluted (1)		1.62		1.18		(0.63	)		0.57

(1)

For the six months ended June 30, 2026, all of Ovintiv’s equity-settled awards were determined to be antidilutive and therefore excluded from the calculation of fully diluted net earnings (loss) per share of common stock.