<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Capital expenditures and production in the oil and gas sector are projected to increase in 2025</label>
    <description><![CDATA[Planned increases in capital expenditures and production for 2024–25 (percentage change)

Note: Chart shows oil and natural gas producers with preliminary and announced plans for 2025. Firms are categorized based on the product that accounts for the largest share in their production mix.

Sources: Guidance announcements and quarterly reports from oil and gas firms and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=243736</link>
</groupDetail>
<seriesDetail>
<series id="BOS_2024Q4_C1A_S1">
<label>Capital expenditures</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="BOS_2024Q4_C1A_S2">
<label>Production</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="Oil sands producers"><v s="BOS_2024Q4_C1A_S1">2.30</v><v s="BOS_2024Q4_C1A_S2">2.80</v></o>
<o k="Conventional oil and natural gas producers"><v s="BOS_2024Q4_C1A_S1">6.70</v><v s="BOS_2024Q4_C1A_S2">7.10</v></o>
<o k="All producers"><v s="BOS_2024Q4_C1A_S1">4.20</v><v s="BOS_2024Q4_C1A_S2">4.80</v></o>
</observations>
</data>