Operating

Dry hole expense

Chevron Dry hole expense increased by 5.0% to $84.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 25.0%, from $112.00M to $84.00M. Over 4 years (FY 2021 to FY 2025), Dry hole expense shows an upward trend with a 28.8% CAGR.

Analysis

StatementCash Flow Statement
SectionOperating
First reportedQ1 2017
Last reportedQ1 2026May 7, 2026
Metric ID: operating_dry_hole_expense

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$15.00M$36.00M$63.00M$135.00M$99.00M$21.00M$231.00M$105.00M$38.00M$172.00M$121.00M$28.00M$181.00M$16.00M$204.00M$112.00M$65.00M$68.00M$80.00M$84.00M
QoQ Change+140.0%+75.0%+114.3%-26.7%-78.8%>999%-54.5%-63.8%+352.6%-29.7%-76.9%+546.4%-91.2%>999%-45.1%-42.0%+4.6%+17.6%+5.0%
YoY Change+560.0%-41.7%+266.7%-22.2%-61.6%+719.0%-47.6%-73.3%+376.3%-90.7%+68.6%+300.0%-64.1%+325.0%-60.8%-25.0%
Range$15.00M$231.00M
CAGR+43.7%
Avg YoY Growth+133.0%
Median YoY Growth-23.6%
Current Streak3 quarters growth

Frequently Asked Questions

What is Chevron's dry hole expense?
Chevron (CVX) reported dry hole expense of $84.00M in Q1 2026.
How has Chevron's dry hole expense changed year-over-year?
Chevron's dry hole expense decreased by 25.0% year-over-year, from $112.00M to $84.00M.
What is the long-term trend for Chevron's dry hole expense?
Over 4 years (2021 to 2025), Chevron's dry hole expense has grown at a 28.8% compound annual growth rate (CAGR), from $118.00M to $325.00M.