Operating Expenses
Exploration expenses
Permian Resources Exploration expenses decreased by 41.2% to $4.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 73.8%, from $15.25M to $4.00M. Over 4 years (FY 2021 to FY 2025), Exploration expenses shows an upward trend with a 42.0% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ4 2016
Last reportedQ1 2026May 7, 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
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 | $1.76M | $1.84M | $3.19M | $2.31M | $1.95M | $2.35M | $4.77M | $4.37M | $5.26M | $5.03M | $4.67M | $11.49M | $5.98M | $6.96M | $6.36M | $15.25M | $5.06M | $4.93M | $6.80M | $4.00M |
| QoQ Change | — | +4.3% | +73.2% | -27.6% | -15.3% | +20.4% | +102.6% | -8.2% | +20.3% | -4.4% | -7.2% | +146.0% | -48.0% | +16.5% | -8.6% | +139.7% | -66.8% | -2.5% | +37.8% | -41.2% |
| YoY Change | — | — | — | — | +10.8% | +27.9% | +49.6% | +89.6% | +169.3% | +113.9% | -2.0% | +162.6% | +13.6% | +38.4% | +36.3% | +32.7% | -15.4% | -29.1% | +6.9% | -73.8% |
Range$1.76M – $15.25M
CAGR+18.8%
Avg YoY Growth+39.5%
Median YoY Growth+30.3%
Exploration expenses at Other Companies
Frequently Asked Questions
- What is Permian Resources's exploration expenses?
- Permian Resources (PR) reported exploration expenses of $4.00M in Q1 2026.
- How has Permian Resources's exploration expenses changed year-over-year?
- Permian Resources's exploration expenses decreased by 73.8% year-over-year, from $15.25M to $4.00M.
- What is the long-term trend for Permian Resources's exploration expenses?
- Over 4 years (2021 to 2025), Permian Resources's exploration expenses has grown at a 42.0% compound annual growth rate (CAGR), from $7.88M to $32.04M.
- What does exploration expenses mean?
- Costs associated with searching for new oil and gas reserves, including unsuccessful drilling attempts.