Capital expenditure for upstream oil and gas projects worldwide fell more than 25 percent in 2020 to approximately 305 billion U.S. dollars. In 2021, upstream capex is forecast to increase by two percent to 310 billion U.S. dollars, staying far below pre-pandemic levels.
Estimated capital expenditure for upstream oil and gas projects worldwide from 2019 to 2021
(in billion U.S. dollars)
Characteristic
CAPEX in billion U.S. dollars
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Statista. (March 18, 2021). Estimated capital expenditure for upstream oil and gas projects worldwide from 2019 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1243620/upstream-oil-and-gas-project-capex-worldwide/
Statista. "Estimated capital expenditure for upstream oil and gas projects worldwide from 2019 to 2021 (in billion U.S. dollars)." Chart. March 18, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1243620/upstream-oil-and-gas-project-capex-worldwide/
Statista. (2021). Estimated capital expenditure for upstream oil and gas projects worldwide from 2019 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1243620/upstream-oil-and-gas-project-capex-worldwide/
Statista. "Estimated Capital Expenditure for Upstream Oil and Gas Projects Worldwide from 2019 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Mar 2021, https://www.statista.com/statistics/1243620/upstream-oil-and-gas-project-capex-worldwide/
Statista, Estimated capital expenditure for upstream oil and gas projects worldwide from 2019 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1243620/upstream-oil-and-gas-project-capex-worldwide/ (last visited July 22, 2024)
Estimated capital expenditure for upstream oil and gas projects worldwide from 2019 to 2021 (in billion U.S. dollars) [Graph], Statista, March 18, 2021. [Online]. Available: https://www.statista.com/statistics/1243620/upstream-oil-and-gas-project-capex-worldwide/