Capital expenditure for upstream oil and gas projects worldwide fell more than ** percent in 2020 to approximately *** billion U.S. dollars. In 2021, upstream capex is forecast to increase by *** percent to *** billion U.S. dollars, staying far below pre-pandemic levels.
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Statista. (March 18, 2021). Estimated capital expenditure for upstream oil and gas projects worldwide from 2019 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 11, 2026, from https://www.statista.com/statistics/1243620/upstream-oil-and-gas-project-capex-worldwide/
Statista. "Estimated capital expenditure for upstream oil and gas projects worldwide from 2019 to 2021 (in billion U.S. dollars)." Chart. March 18, 2021. Statista. Accessed May 11, 2026. https://www.statista.com/statistics/1243620/upstream-oil-and-gas-project-capex-worldwide/
Statista. (2021). Estimated capital expenditure for upstream oil and gas projects worldwide from 2019 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 11, 2026. https://www.statista.com/statistics/1243620/upstream-oil-and-gas-project-capex-worldwide/
Statista. "Estimated Capital Expenditure for Upstream Oil and Gas Projects Worldwide from 2019 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Mar 2021, https://www.statista.com/statistics/1243620/upstream-oil-and-gas-project-capex-worldwide/
Statista, Estimated capital expenditure for upstream oil and gas projects worldwide from 2019 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1243620/upstream-oil-and-gas-project-capex-worldwide/ (last visited May 11, 2026)
Estimated capital expenditure for upstream oil and gas projects worldwide from 2019 to 2021 (in billion U.S. dollars) [Graph], Statista, March 18, 2021. [Online]. Available: https://www.statista.com/statistics/1243620/upstream-oil-and-gas-project-capex-worldwide/
