Ovintiv Inc 2024年度报告

FORM10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31,2024or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 Commission file number001-39191 Registrant’s telephone number, including area code(303)623-2300Securities registered pursuant to Section 12(b) of the Act: Title of eachclassTrading SymbolName of each exchangeon which registeredCommon SharesOVVNew York Stock Exchange Securities registered pursuant to Section 12(g) of the Act:None Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No☒ Aggregate market value of the voting and non-voting common equity held by non-affiliates ofregistrant as of June 28, 2024$12,376,088,462Number of registrant’s shares of common stock outstanding as of February 21, 2025, at $0.01 parvalue260,324,464 Documents Incorporated by Reference The information required by Part III of this Annual Report on Form 10-K, to the extent not set forth herein, is incorporated hereinby reference from the registrant’s definitive proxy statement relating to the Annual Meeting of Shareholders to be held in 2025,which definitive proxy statement shall be filed with the Securities and Exchange Commission within 120 days after the end of thefiscal year to which this Annual Report on Form 10-K relates. Auditor Firm ID:271 Auditor Name:PricewaterhouseCoopers LLPAuditor Location:Calgary, Alberta, Canada OVINTIV INC.FORM 10-KTABLE OF CONTENTS PART I Items 1 and 2. Business and PropertiesItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 1C. CybersecurityItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PART II Item 5.Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of EquitySecurities50Item 6.[Reserved]52Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations53Item 7A. Quantitative and Qualitative Disclosures about Market Risk78Item 8.Financial Statements and Supplementary Data80Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure141Item 9A. Controls and Procedures141Item 9B. Other Information141Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections141 PART III Item 10. Directors, Executive Officers and Corporate Governance142Item 11. Executive Compensation142Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters142Item 13. Certain Relationships and Related Transactions, and Director In