Quarterly capital spending: Oil and gas industries, fourth quarter 2021
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Released: 2022-03-01
$6,916 million
Fourth quarter 2021
3.8% 
(quarterly change)
Capital expenditures in the oil and gas extraction industries rose 3.8% to $6.9 billion in the fourth quarter. For the full year, capital expenditures totalled $24.6 billion, an increase of 17.1% from $21.0 billion spent in 2020.
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 June 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.
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