E&P spending: Global capex growth to moderate

Worldwide E&P spending is set to increase in 2023, albeit slower than growth experienced in 2022. Spending deceleration in North America (NAM) follows a near-record NAM level in 2022. International spending’s growth will slip, due to declines in Russia.

James West / Evercore ISI

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E&P spending: Global capex growth to moderate

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