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Overview of Capital Expenditures

A Capital Expenditure (CAPEX) is the amount of money spent to acquire or upgrade productive assets (such as buildings, machinery, equipment, and vehicles) in order to increase the capacity or efficiency of a company for more than one accounting period. 

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Articles about Capital Expenditures
  • May/June 2016 Inspectioneering Journal
    By Neil Ferguson at Hydratight

    Large scale capital projects present a myriad of challenges for owner-users in the oil and gas and petrochemical industries. Budgets are constantly being stretched and project deadlines are often exceeded. One area that deserves attention from all parties involved is joint integrity management.

  • Blog
    October 5, 2015 By Joe Brinz, P.E. at Engineering & Inspection Services, LLC

    Over the last several years, the U.S. refining and petrochemical industry has undergone a renaissance of sorts. Lower natural gas prices and improved refining margins have been a catalyst for capital improvements at many of the nations’ refineries and chemical plants. Couple that with tighter EPA regulations and it is easy to see why these industries have spent billions over the last several years expanding throughput and investing in cleaner technology. This growth has not slowed down either.

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