Quarterly capital spending: Oil and gas industries, third quarter 2023
Released: 2023-12-01
$10,595 million
Third quarter 2023
1.7% 
(quarterly change)
Capital expenditures in the oil and gas extraction industries, including expenditures on exploration and evaluation, increased by 1.7% in the third quarter to reach $10.6 billion. Capital spending has increased by more than 20% in the first three quarters of 2023 compared with the same period in 2022.
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Note to readers
Capital expenditures are the gross expenditures on fixed assets, including exploration and evaluation, for use in the operations of an organization or for lease or rent to others.
Data in this release are seasonally adjusted and are expressed in current dollars, unless otherwise specified.
For information on seasonal adjustment, see Seasonally adjusted data – Frequently asked questions.
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Contact information
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