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Business Combination (Schedule of Purchase Price Allocation) (Details) - Permian Acquisition [Member] $ in Millions | Jun. 12, 2023 USD ($)
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Consideration: |
Fair value of shares of Ovintiv common stock issued | $ 1,169
Cash | 3,229
Total Consideration | 4,398
Assets Acquired: |
Cash and cash equivalents | 16
Accounts receivable and accrued revenues | 202
Liabilities Assumed: |
Accounts payable and accrued liabilities | (446)
Asset retirement obligation | (28)
Other liabilities and provisions | (4)
Total Purchase Price | 4,398
Proved Properties [Member] |
Assets Acquired: |
Property, plant and equipment, net | 3,727
Unproved Properties [Member] |
Assets Acquired: |
Property, plant and equipment, net | 914
Other Capitalized Property Plant and Equipment [Member] |
Assets Acquired: |
Property, plant and equipment, net | $ 17

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