Operating Expenses
Exploration Expense
Imperial Oil Exploration Expense decreased by 25.0% to $3.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 50.0%, from $2.00M to $3.00M. Over 4 years (FY 2021 to FY 2025), Exploration Expense shows a downward trend with a -31.6% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ1 2016
Last reportedQ1 2026May 4, 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 | $2.00M | $2.00M | $26.00M | $2.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $2.00M | $1.00M | $1.00M | $1.00M | $0.00 | $2.00M | $0.00 | $1.00M | $4.00M | $3.00M |
| QoQ Change | — | +0.0% | >999% | -92.3% | -50.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +100.0% | -50.0% | +0.0% | +0.0% | -100.0% | — | -100.0% | — | +300.0% | -25.0% |
| YoY Change | — | — | — | — | -50.0% | -50.0% | -96.2% | -50.0% | +0.0% | +0.0% | +100.0% | +0.0% | +0.0% | +0.0% | -100.0% | +100.0% | -100.0% | +0.0% | — | +50.0% |
Range$0.00 – $26.00M
CAGR+8.9%
Avg YoY Growth-13.1%
Median YoY Growth+0.0%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Upstream | $1.00M | $1.00M | $0.00 | $2.00M | $0.00 | $1.00M | $4.00M | $3.00M |
| Chemical | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Downstream | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $1.00M | $1.00M | $0.00 | $2.00M | $0.00 | $1.00M | $4.00M | $3.00M |
Exploration Expense at Other Companies
Frequently Asked Questions
- What is Imperial Oil's exploration expense?
- Imperial Oil (IMO) reported exploration expense of $3.00M in Q1 2026.
- How has Imperial Oil's exploration expense changed year-over-year?
- Imperial Oil's exploration expense increased by 50.0% year-over-year, from $2.00M to $3.00M.
- What is the long-term trend for Imperial Oil's exploration expense?
- Over 4 years (2021 to 2025), Imperial Oil's exploration expense has grown at a -31.6% compound annual growth rate (CAGR), from $32.00M to $7.00M.