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Quarterly capital spending: Oil and gas industries, second quarter 2020

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Released: 2020-08-28

Capital expenditures in the oil and gas extraction industries, including spending on exploration and evaluation, declined 54% from the first quarter of 2020 to $3.9 billion. The decline is a result of the COVID-19 pandemic, combined with a deterioration in oil prices.

  Note to readers

Revised capital expenditure data for the oil and gas extraction industries will be published on December 1, 2020.

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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For more information, contact us (toll-free 1-800-263-1136; 514-283-8300;

To enquire about the concepts, methods and data quality of this release, contact Joanne James (613-853-9238;, Investment, Science and Technology Division.

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