Capital expenditures in the oil and gas extraction industries decreased by 3.7% in the fourth quarter to $11.3 billion, totalling $46.3 billion for 2024. This represents a 16.1% increase over 2023.
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.
Visit the Construction statistics portal to find data, publications and interactive tools related to construction statistics in one convenient location.
Reference
Data table: 25-10-0054-01.
- Note: some data tables may best be viewed on desktop.
Definitions, data sources and methods: survey number 5186.
Previous release: Quarterly capital spending: Oil and gas industries, third quarter 2024.
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