Capitalized Exploratory Well Costs

Non-Current Assets

Exxon Mobil Capitalized Exploratory Well Costs decreased by 3.5% to $3.04B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 3.5%, from $3.15B to $3.04B. Over 5 years (FY 2020 to FY 2025), Capitalized Exploratory Well Costs shows a downward trend with a -6.2% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryGrowth
SignalContext dependent
VolatilityVolatile
First reportedQ4 2017
Last reportedQ4 2025

How to read this metric

A high balance indicates active exploration, while a sudden decrease may signal either successful reserve booking or the write-off of unsuccessful wells.

Detailed definition

These are the costs incurred to drill exploratory wells that are currently capitalized on the balance sheet while the co...

Peer comparison

Specific to the oil and gas industry; peers report this to show the pipeline of potential future production assets.

Metric ID: suggested_oil_gas_exploratory_well_costs

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$3.70B$3.13B$3.36B$3.15B$3.04B
QoQ Change—-15.3%+7.2%-6.3%-3.5%
YoY Change—-15.3%+7.2%-6.3%-3.5%
Range$3.04B – $3.70B
CAGR-17.9%
Avg YoY Growth-4.5%
Median YoY Growth-4.9%
Current Streak2 quarters decline

Frequently Asked Questions

What is Exxon Mobil's capitalized exploratory well costs?
Exxon Mobil (XOM) reported capitalized exploratory well costs of $3.04B in Q4 2025.
How has Exxon Mobil's capitalized exploratory well costs changed year-over-year?
Exxon Mobil's capitalized exploratory well costs decreased by 3.5% year-over-year, from $3.15B to $3.04B.
What is the long-term trend for Exxon Mobil's capitalized exploratory well costs?
Over 5 years (2020 to 2025), Exxon Mobil's capitalized exploratory well costs has grown at a -6.2% compound annual growth rate (CAGR), from $4.17B to $3.04B.
What does capitalized exploratory well costs mean?
The money spent on drilling exploratory wells that are still being evaluated for oil or gas success.

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