Operating Expenses
Exploration Expense
Chevron Exploration Expense decreased by 36.7% to $205.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.6%, from $187.00M to $205.00M. Over 4 years (FY 2021 to FY 2025), Exploration Expense shows an upward trend with a 17.6% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ1 2013
Last reportedQ1 2026May 7, 2026
Metric ID:
cop_exploration_expenseHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $113.00M | $158.00M | $192.00M | $209.00M | $196.00M | $116.00M | $453.00M | $190.00M | $169.00M | $301.00M | $254.00M | $129.00M | $263.00M | $154.00M | $449.00M | $187.00M | $252.00M | $288.00M | $324.00M | $205.00M |
| QoQ Change | — | +39.8% | +21.5% | +8.9% | -6.2% | -40.8% | +290.5% | -58.1% | -11.1% | +78.1% | -15.6% | -49.2% | +103.9% | -41.4% | +191.6% | -58.4% | +34.8% | +14.3% | +12.5% | -36.7% |
| YoY Change | — | — | — | — | +73.5% | -26.6% | +135.9% | -9.1% | -13.8% | +159.5% | -43.9% | -32.1% | +55.6% | -48.8% | +76.8% | +45.0% | -4.2% | +87.0% | -27.8% | +9.6% |
Range$113.00M – $453.00M
CAGR+13.4%
Avg YoY Growth+27.3%
Median YoY Growth+2.7%
Exploration Expense at Other Companies
Frequently Asked Questions
- What is Chevron's exploration expense?
- Chevron (CVX) reported exploration expense of $205.00M in Q1 2026.
- How has Chevron's exploration expense changed year-over-year?
- Chevron's exploration expense increased by 9.6% year-over-year, from $187.00M to $205.00M.
- What is the long-term trend for Chevron's exploration expense?
- Over 4 years (2021 to 2025), Chevron's exploration expense has grown at a 17.6% compound annual growth rate (CAGR), from $549.00M to $1.05B.