returns on crude oil investments have decreased in recent years.
Investments in oil exploration and production (E&P) reached an estimated 540 billion U.S. dollars worldwide in 2019. Deepwater offshore investments accounted for an estimated 85 billion U.S. dollars of that total, having declined from a peak of 170 billion U.S. dollars in 2014. Meanwhile, Estimated investment in oil exploration and production worldwide from 2010 to 2019, by segment (in billion U.S. dollars)
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Statista. (June 11, 2020). Estimated investment in oil exploration and production worldwide from 2010 to 2019, by segment (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 26, 2022, from https://www.statista.com/statistics/688510/global-oil-exploration-and-production-investments-by-segment/
Statista. "Estimated investment in oil exploration and production worldwide from 2010 to 2019, by segment (in billion U.S. dollars)." Chart. June 11, 2020. Statista. Accessed June 26, 2022. https://www.statista.com/statistics/688510/global-oil-exploration-and-production-investments-by-segment/
Statista. (2020). Estimated investment in oil exploration and production worldwide from 2010 to 2019, by segment (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 26, 2022. https://www.statista.com/statistics/688510/global-oil-exploration-and-production-investments-by-segment/
Statista. "Estimated Investment in Oil Exploration and Production Worldwide from 2010 to 2019, by Segment (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Jun 2020, https://www.statista.com/statistics/688510/global-oil-exploration-and-production-investments-by-segment/
Statista, Estimated investment in oil exploration and production worldwide from 2010 to 2019, by segment (in billion U.S. dollars) Statista, https://www.statista.com/statistics/688510/global-oil-exploration-and-production-investments-by-segment/ (last visited June 26, 2022)