Texas based Occidental Petroleum Corporation (Oxy) has made the greatest reduction (as a share of initial planned spending) in their capital expenditures for 2020 out of all large oil and gas producers in the world. The coronavirus pandemic has caused Oxy to reduce their 2020 capex by 48.1 percent, down to 2.7 billion U.S. dollars from the 5.2 billion dollars that was planned at the beginning of the year.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
Capital expenditure revision of selected oil and gas producers worldwide in 2020 as a result of coronavirus impact
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
IEA. (April 1, 2020). Capital expenditure revision of selected oil and gas producers worldwide in 2020 as a result of coronavirus impact (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1109778/oil-companies-capex-decrease-due-to-covid-19/
IEA. "Capital expenditure revision of selected oil and gas producers worldwide in 2020 as a result of coronavirus impact (in billion U.S. dollars)." Chart. April 1, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1109778/oil-companies-capex-decrease-due-to-covid-19/
IEA. (2020). Capital expenditure revision of selected oil and gas producers worldwide in 2020 as a result of coronavirus impact (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1109778/oil-companies-capex-decrease-due-to-covid-19/
IEA. "Capital Expenditure Revision of Selected Oil and Gas Producers Worldwide in 2020 as a Result of Coronavirus Impact (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Apr 2020, https://www.statista.com/statistics/1109778/oil-companies-capex-decrease-due-to-covid-19/
IEA, Capital expenditure revision of selected oil and gas producers worldwide in 2020 as a result of coronavirus impact (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1109778/oil-companies-capex-decrease-due-to-covid-19/ (last visited December 22, 2024)
Capital expenditure revision of selected oil and gas producers worldwide in 2020 as a result of coronavirus impact (in billion U.S. dollars) [Graph], IEA, April 1, 2020. [Online]. Available: https://www.statista.com/statistics/1109778/oil-companies-capex-decrease-due-to-covid-19/
