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0.000107307651035574 -0.000858461208284132 0.000965768859319706 -0.000590192080695274 -0.000965768859319554 -0.00289730657795897 0.00032406910612735 -0.00151947633866291
Stock impact report

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 Check Earnings Report
Company Research 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 Show less Read more
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