Capital Spending Outlook U.S. companies' capital outlays to hit highest level since 1991

Robert J. Beck Associate Managing Editor-Economics How U.S. Spending Has Varied [28109 bytes] Where Funds Will Go fo r1997 U.S. Projects [69674 bytes] Non-North American Spending Plans of 24 U.S. and Canadian Companies [64247 bytes] Canadian Spending Plans [67300 bytes] U.S. oil and gas company capital spending is expected to climb in 1997 for the third year in a row and to the highest level since 1991. Plans call for higher outlays upstream and downstream this year. OGJ's annual capital expenditure survey shows U.S. companies plan to spend $35.8 billion on U.S. projects in 1997, up 7.7% from about $33.2 billion in 1996. Upstream spending in the U.S. is expe...

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