Share Capital (Tables)

6 Months Ended

Jun. 30, 2022

Class Of Stock Disclosures [Abstract]

Schedule of Common Stock Issued and Outstanding

	As at June 30, 2022					As at December 31, 2021
	Number (millions)			Amount		Number (millions)			Amount
Shares of Common Stock Outstanding, Beginning of Year		258.0		$	3		259.8		$	3
Shares of Common Stock Purchased		(4.5	)		-		(3.1	)		-
Shares of Common Stock Issued		2.4			-		1.3			-
Shares of Common Stock Outstanding, End of Period		255.9		$	3		258.0		$	3

Earnings Per Common Share

	Three Months Ended					Six Months Ended
	June 30,					June 30,
(US$ millions, except per share amounts)	2022		2021			2022		2021
Net Earnings (Loss)	$	1,357	$	(205	)	$	1,116	$	104
Number of Shares of Common Stock:
Weighted average shares of common stock outstanding - Basic		257.2		261.1			257.3		260.6
Effect of dilutive securities (1)		3.4		-			4.8		5.3
Weighted Average Shares of Common Stock Outstanding - Diluted		260.6		261.1			262.1		265.9
Net Earnings (Loss) per Share of Common Stock
Basic	$	5.28	$	(0.79	)	$	4.34	$	0.40
Diluted (1)		5.21		(0.79	)		4.26		0.39

(1) For the three months ended June 30, 2021, all of Ovintiv’s equity-settled awards were determined to be antidilutive and therefore are excluded from the calculation of fully diluted net earnings (loss) per share of common stock.