CAPEX & OPEX International Refinery Cost per Barrel Benchmarks

CAPEX is an abbreviation for capital expenditures. It basically includes a company’s capital expenditures on physical/actual assets or facility improvements / upgrades for construction projects such as refineries, power plants, factories, food & beverage facilities, production units & building facilities.

OPEX is an abbreviation for operating expenses and typically encompasses management salaries, hourly operator’s wages, and business administration costs such as accounting (HR staff, guards.) It also includes travel costs (local business/property taxes, maintenance/repairs costs, catalysts/chemicals). Basically, OPEX is the day-to-day operating costs of operating the production unit or facility.