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Quarterly capital spending: Oil and gas industries, third quarter 2021

Released: 2021-11-30

Quarterly capital spending: Oil and gas industries

$6,622 million

Third quarter 2021

13.3% increase

(quarterly change)

Capital expenditures in the oil and gas extraction industries increased 13% to $6.6 billion in the third quarter. While this is the third consecutive quarterly increase, investment remained below pre-pandemic levels.

  Note to readers

Capital expenditures are the gross expenditures on fixed assets, including exploration and evaluation, 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, 2022.

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.

Visit the Construction Statistics portal to find data, publications and interactive tools related to construction statistics in one convenient location.

Contact information

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

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