Operating Expenses
Exploration expenses
Southern Copper Exploration expenses decreased by 25.5% to $10.20M in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 22.7%, from $13.20M to $10.20M. Over 3 years (FY 2021 to FY 2024), Exploration expenses shows an upward trend with a 12.0% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryGrowth
SignalContext dependent
VolatilityVolatile
First reportedQ1 2013
Last reportedQ4 2025
How to read this metric
Higher spending indicates aggressive growth efforts, while lower spending may signal a focus on capital preservation or mature asset management.
Detailed definition
Exploration expenses include the costs associated with geological and geophysical surveys, as well as the write-offs of...
Peer comparison
Specific to upstream energy companies; peers are compared based on exploration success rates and reserve replacement ratios.
Metric ID:
is_xom_exploration_expensesHistorical Data
18 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $9.50M | $10.90M | $16.60M | $9.10M | $11.80M | $9.60M | $11.20M | $11.90M | $12.10M | $15.50M | $15.50M | $12.70M | $18.60M | $13.20M | $16.40M | $11.70M | $13.70M | $10.20M |
| QoQ Change | — | +14.7% | +52.3% | -45.2% | +29.7% | -18.6% | +16.7% | +6.3% | +1.7% | +28.1% | +0.0% | -18.1% | +46.5% | -29.0% | +24.2% | -28.7% | +17.1% | -25.5% |
| YoY Change | — | — | — | — | +24.2% | -11.9% | -32.5% | +30.8% | +2.5% | +61.5% | +38.4% | +6.7% | +53.7% | -14.8% | +5.8% | -7.9% | -26.3% | -22.7% |
Range$9.10M – $18.60M
CAGR+1.7%
Avg YoY Growth+7.7%
Median YoY Growth+4.2%
Exploration expenses at Other Companies
Frequently Asked Questions
- What is Southern Copper's exploration expenses?
- Southern Copper (SCCO) reported exploration expenses of $10.20M in Q3 2025.
- How has Southern Copper's exploration expenses changed year-over-year?
- Southern Copper's exploration expenses decreased by 22.7% year-over-year, from $13.20M to $10.20M.
- What is the long-term trend for Southern Copper's exploration expenses?
- Over 3 years (2021 to 2024), Southern Copper's exploration expenses has grown at a 12.0% compound annual growth rate (CAGR), from $43.40M to $60.90M.
- What does exploration expenses mean?
- The costs of searching for new oil and gas reserves, including the cost of unsuccessful wells.