<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 1-A: Oil producers have revised up capital spending plans</label>
    <description><![CDATA[Planned increases in capital expenditure for 2026

Note: The chart shows oil and natural gas producers with preliminary and announced spending plans for 2026. Firms are categorized based on the product that accounts for the largest share in their production mix.

Sources: Guidance announcements and quarterly reports on 2025 and 2026 capital expenditures and production from individual energy firms and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=254713</link>
</groupDetail>
<seriesDetail>
<series id="BOS_2026Q2_C1A_S1">
<label>Producer guidance for 2026 (December 2025)</label>
<description>Producer guidance for 2026 (December 2025)</description>
<dimension key="k" name="Category"/>
</series>
<series id="BOS_2026Q2_C1A_S2">
<label>Revised producer guidance for 2026 (June 2026)</label>
<description>Revised producer guidance for 2026 (June 2026)</description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="Oil sands producers"><v s="BOS_2026Q2_C1A_S1">-1.6</v><v s="BOS_2026Q2_C1A_S2">2.7</v></o>
<o k="Conventional oil producers"><v s="BOS_2026Q2_C1A_S1">-6.5</v><v s="BOS_2026Q2_C1A_S2">4.9</v></o>
<o k="Natural gas producers"><v s="BOS_2026Q2_C1A_S1">1.9</v><v s="BOS_2026Q2_C1A_S2">-0.9</v></o>
<o k="All producers"><v s="BOS_2026Q2_C1A_S1">-1.7</v><v s="BOS_2026Q2_C1A_S2">2.2</v></o>
</observations>
</data>