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

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Released: 2020-12-01

Following a 52% drop in the second quarter, capital expenditures in the oil and gas extraction industries increased 11% to $4.5 billion in the third quarter. Year-to-date spending totalled $17.1 billion, a 34% decline over the first three quarters of 2019.

  Note to readers

Capital expenditures are the gross expenditures on fixed assets for use in the operations of an organization or for lease or rent to others.

Revised capital expenditure data for the oil and gas extraction industries will be published on March 1, 2021.

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.

Contact information

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 Pierre-Louis Venne (613-853-2107;, Investment, Science and Technology Division.

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