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Restructuring Charges | 12 Months Ended
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Dec. 31, 2025
Restructuring Charges [Abstract] |
Restructuring Charges |
21. | Restructuring Charges
In 2024, Ovintiv undertook a plan to reduce its workforce by approximately 10 percent as part of a corporate reorganization. During 2025, the Company incurred restructuring charges of $12 million, before tax, related to severance costs (2024 - $27 million). Of the $39 million in restructuring charges incurred to date, $1 million remains accrued as at December 31, 2025 (2024 - $19 million). The remaining amount accrued is expected to be paid in 2026. Restructuring charges are included in administrative expense presented in the Corporate and Other segment in the Consolidated Statement of Earnings.
For the years ended December 31 |  | 2025 |  |  | 2024 |  |  | 2023 |
Severance and Outplacement |  | $ | 12 |  |  | $ | 27 |  |  | $ | - |
Restructuring Expenses |  | $ | 12 |  |  | $ | 27 |  |  | $ | - |
As at December 31 |  | 2025 |  |  | 2024 |  |  | 2023 |
Outstanding Restructuring Accrual, Beginning of Year |  | $ | 19 |  |  | $ | - |  |  | $ | - |
Restructuring Expenses Incurred |  |  | 12 |  |  |  | 27 |  |  |  | - |
Restructuring Costs Paid |  |  | (30 | ) |  |  | (8 | ) |  |  | - |
Outstanding Restructuring Accrual, End of Year (1) |  | $ | 1 |  |  | $ | 19 |  |  | $ | - |
(1) Included in accounts payable and accrued liabilities in the Consolidated Balance Sheet.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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