XML 104 R67.htm IDEA: XBRL DOCUMENT v3.25.0.1
Share Capital and Warrants (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure of classes of share capital [abstract]  
Summary of Share Capital
B) Issued and Outstanding – Common Shares
20242023
Number of
Common
Shares
(thousands)
Amount
Number of
Common
Shares
(thousands)
Amount
Outstanding, Beginning of Year1,871,86816,0311,909,19016,320
Issued Upon Exercise of Warrants3,982392,61026
Issued Under Stock Option Plans5,049683,67958
Purchase of Common Shares under NCIB(55,861)(479)(43,611)(373)
Outstanding, End of Year1,825,03815,6591,871,86816,031
2024
Number of
Common
Shares
(thousands)
Amount
Outstanding, Beginning of Year——
Purchase of Common Shares Under Employee Benefit Plan2,00043
Outstanding, End of Year2,00043
20242023
Number of Preferred Shares (thousands)
Amount
       Number of
         Preferred
              Shares
     (thousands)
Amount
Outstanding, Beginning of Year36,00051936,000519
Preferred Shares Redeemed(10,000)(163)——
Outstanding, End of Year26,00035636,000519
The Company had the following preferred shares outstanding as at December 31, 2024:
As at December 31, 2024Dividend Reset Date
Dividend Rate
(percent)
Number of Preferred Shares (thousands)
Series 1 First Preferred SharesMarch 31, 20262.58 10,740
Series 2 First Preferred Shares (1)
Quarterly5.21 1,260
Series 5 First Preferred SharesMarch 31, 20254.59 8,000
Series 7 First Preferred SharesJune 30, 20253.94 6,000
(1)The floating-rate dividend was 6.77 percent from December 31, 2023, to March 30, 2024 (December 31, 2022, to March 30, 2023 – 5.86 percent); 6.71 percent from March 31, 2024, to June 29, 2024 (March 31, 2023, to June 29, 2023 – 6.29 percent); 6.60 percent from June 30, 2024, to September 29, 2024 (June 30, 2023, to September 29, 2023 – 6.29 percent); and 5.94 percent from September 30, 2024, to December 30, 2024 (September 30, 2023, to December 30, 2023 – 6.89 percent).
Issued and Outstanding – Warrants
20242023
Number of
Warrants
(thousands)
Amount
Number of
Warrants
(thousands)
Amount
Outstanding, Beginning of Year7,6252555,720184
Exercised(3,982)(13)(2,610)(8)
Purchased and Cancelled——(45,485)(151)
Outstanding, End of Year3,643127,62525
Retained Earnings Prior to Ovintiv SplitStock-Based CompensationTotal
As at December 31, 2022
2,3952962,691
Stock-Based Compensation Expense—1111
Purchase of Common Shares Under NCIB(688)—(688)
Common Shares Issued on Exercise of Stock Options—(12)(12)
As at December 31, 2023
1,7072952,002
Stock-Based Compensation Expense—1111
Purchase of Common Shares Under NCIB(966)—(966)
Preferred Shares Redeemed(87)—(87)
Common Shares Issued on Exercise of Stock Options—(16)(16)
As at December 31, 2024
654290944