Oil And Gas CAPEX Expected to Reach $980 Billion By 2028 Along with Significant Growth Forecasted
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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Source: PR Newswire
FinancialNewsMedia.com News CommentaryPALM BEACH, Fla., Sept. 21, 2023 /PRNewswire/ -- The oil and gas CAPEX market is expected to witness significant growth owing to factors, including strong profitability due to a trend toward reducing project costs and optimizing portfolios, which has led to divesting of low-margin fields, as well as a greater emphasis on investments in higher-margin growth opportunities. Capital expenditure (CAPEX) refers to the funds utilized by a company/organization to acquire, upgrade, and maintain physical assets, such as property, plants, buildings, technology, or equipment. It is often used to undertake new projects or investments by a company. The global oil and gas CAPEX market considers the entire capital expenditure of international oil and gas operators annually. According to a new market research report from Mordor Intelligence titled "Oil and Gas CAPEX Market Report (2023-2028)," the market is estimated at USD 797.58 billion in 2023. It is expected
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DVN
Earnings
- 11/5/25 - Beat
DVN
Sec Filings
- 11/24/25 - Form 4
- 11/6/25 - Form 10-Q
- 11/5/25 - Form 8-K
- DVN's page on the SEC website