Operating Expenses
Exploration expenses
Chevron Exploration expenses increased by 12.5% to $324.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 27.8%, from $449.00M to $324.00M. Over 4 years (FY 2021 to FY 2025), Exploration expenses shows an upward trend with a 17.6% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryGrowth
SignalContext dependent
VolatilityVolatile
First reportedQ1 2013
Last reportedQ4 2025
How to read this metric
Higher spending indicates aggressive growth efforts, while lower spending may signal a focus on capital preservation or mature asset management.
Detailed definition
Exploration expenses include the costs associated with geological and geophysical surveys, as well as the write-offs of...
Peer comparison
Specific to upstream energy companies; peers are compared based on exploration success rates and reserve replacement ratios.
Metric ID:
is_xom_exploration_expensesHistorical Data
19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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% |
| 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% |
Range$113.00M – $453.00M
CAGR+26.4%
Avg YoY Growth+28.5%
Median YoY Growth-4.2%
Current Streak3 quarters growth
Exploration expenses at Other Companies
Frequently Asked Questions
- What is Chevron's exploration expenses?
- Chevron (CVX) reported exploration expenses of $324.00M in Q4 2025.
- How has Chevron's exploration expenses changed year-over-year?
- Chevron's exploration expenses decreased by 27.8% year-over-year, from $449.00M to $324.00M.
- What is the long-term trend for Chevron's exploration expenses?
- Over 4 years (2021 to 2025), Chevron's exploration expenses has grown at a 17.6% compound annual growth rate (CAGR), from $549.00M to $1.05B.
- What does exploration expenses mean?
- The costs of searching for new oil and gas reserves, including the cost of unsuccessful wells.