Global oil and gas producers' capex reduction due to coronavirus impact 2020

Published by Statista Research Department, Dec 20, 2023
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)

CharacteristicRevisedInitial
Saudi Aramco 25 35
Shell 20 25
Chevron 16 20
Total S.A. 14.4 18
BP 12 15
Petrobras 8.5 12
Equinor 8.5 10.6
Eni 6.5 8.7
ConocoPhillips 5.9 6.6
EOG Resources 4.3 6.2
Suncor Energy 3.9 5.4
Oxy 2.7 5.2
EcoPetrol 3.3 4.5
Showing entries 1 to 13 (16 entries in total)
Created with Highcharts 7.2.2Capex in billion U.S. dollarsRevisedInitialSaudi AramcoShellChevronTotal S.A.BPPetrobrasEquinorEniConocoPhillipsEOG ResourcesSuncor EnergyOxyEcoPetrolRepsolCanadian Natural ResourcesPhillips 66
0102030402.557.512.51517.522.52527.532.53537.5

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Release date

April 2020

Region

Worldwide

Survey time period

2020

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