Business Segments · Exploration Expense
Upstream — Exploration Expense
Imperial Oil Upstream — Exploration Expense decreased by 25.0% to 300000000.0% in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 50.0%, from 200000000.0% to 300000000.0%. Over 4 years (FY 2021 to FY 2025), Upstream — Exploration Expense shows a downward trend with a -31.6% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 4, 2026
Rolls up toExploration expenses
How to read this metric
Higher spending may signal aggressive growth strategies, while lower spending could indicate a focus on capital discipline or mature asset management.
Detailed definition
Includes costs associated with geological and geophysical studies, exploratory drilling, and other activities aimed at i...
Peer comparison
Standard 'Exploration Expense' found in most upstream energy company filings.
Metric ID:
imo_segment_upstream_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 | 200,000,000% | 200,000,000% | 2,600,000,000% | 200,000,000% | 100,000,000% | 100,000,000% | 100,000,000% | 100,000,000% | 100,000,000% | 100,000,000% | 200,000,000% | 100,000,000% | 100,000,000% | 100,000,000% | 0% | 200,000,000% | 0% | 100,000,000% | 400,000,000% | 300,000,000% |
| 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% |
Range0% – 2,600,000,000%
CAGR+8.9%
Avg YoY Growth-13.1%
Median YoY Growth+0.0%
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Frequently Asked Questions
- What is Imperial Oil's upstream — exploration expense?
- Imperial Oil (IMO) reported upstream — exploration expense of 300000000.0% in Q1 2026.
- How has Imperial Oil's upstream — exploration expense changed year-over-year?
- Imperial Oil's upstream — exploration expense increased by 50.0% year-over-year, from 200000000.0% to 300000000.0%.
- What is the long-term trend for Imperial Oil's upstream — exploration expense?
- Over 4 years (2021 to 2025), Imperial Oil's upstream — exploration expense has grown at a -31.6% compound annual growth rate (CAGR), from 3200000000.0% to 700000000.0%.
- What does upstream — exploration expense mean?
- Costs incurred to search for new oil and gas reserves.