Operating Expenses
Exploration expenses
Imperial Oil Exploration expenses increased by 50.0% to 300000000.0% in Q1 2026 compared to the prior quarter.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ1 2025
Last reportedQ1 2026May 4, 2026
How to read this metric
High exploration spending indicates an aggressive growth strategy, while low spending may suggest a focus on harvesting existing assets.
Detailed definition
Exploration expenses include costs incurred in identifying, evaluating, and drilling for new hydrocarbon reserves. This...
Peer comparison
Standard for upstream energy companies; varies significantly based on the company's exploration versus development strategy.
Metric ID:
xom_exploration_expensesHistorical Data
2 periods
| Q1 '25 | Q1 '26 | |
|---|---|---|
| Value | 200,000,000% | 300,000,000% |
| QoQ Change | — | +50.0% |
| YoY Change | — | +50.0% |
Range200,000,000% – 300,000,000%
Avg YoY Growth+50.0%
Median YoY Growth+50.0%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Upstream | 100,000,000% | 100,000,000% | 0% | 200,000,000% | 0% | 100,000,000% | 400,000,000% | 300,000,000% |
| Chemical | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Downstream | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Total | — | — | — | 200,000,000% | — | — | — | 300,000,000% |
Exploration expenses at Other Companies
Frequently Asked Questions
- What is Imperial Oil's exploration expenses?
- Imperial Oil (IMO) reported exploration expenses of 300000000.0% in Q1 2026.
- What does exploration expenses mean?
- Costs associated with searching for new oil and gas reserves, including unsuccessful drilling attempts.