Global upstream oil and gas CAPEX 2019-2021

Published by Statista Research Department, Apr 29, 2024
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)

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Release date

March 2021

Region

Worldwide

Survey time period

2019 to 2021

Supplementary notes

Forecast.

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