Operating Expenses
Exploration Expense
Exxon Mobil Exploration Expense decreased by 76.8% to $126.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 96.9%, from $64.00M to $126.00M. Over 4 years (FY 2021 to FY 2025), Exploration Expense shows relatively stable performance with a -1.1% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ1 2013
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 | $176.00M | $190.00M | $524.00M | $173.00M | $286.00M | $218.00M | $348.00M | $141.00M | $133.00M | $338.00M | $139.00M | $148.00M | $153.00M | $339.00M | $186.00M | $64.00M | $251.00M | $149.00M | $543.00M | $126.00M |
| QoQ Change | — | +8.0% | +175.8% | -67.0% | +65.3% | -23.8% | +59.6% | -59.5% | -5.7% | +154.1% | -58.9% | +6.5% | +3.4% | +121.6% | -45.1% | -65.6% | +292.2% | -40.6% | +264.4% | -76.8% |
| YoY Change | — | — | — | — | +62.5% | +14.7% | -33.6% | -18.5% | -53.5% | +55.0% | -60.1% | +5.0% | +15.0% | +0.3% | +33.8% | -56.8% | +64.1% | -56.0% | +191.9% | +96.9% |
Range$64.00M – $543.00M
CAGR-6.8%
Avg YoY Growth+16.3%
Median YoY Growth+9.9%
Exploration Expense at Other Companies
Frequently Asked Questions
- What is Exxon Mobil's exploration expense?
- Exxon Mobil (XOM) reported exploration expense of $126.00M in Q1 2026.
- How has Exxon Mobil's exploration expense changed year-over-year?
- Exxon Mobil's exploration expense increased by 96.9% year-over-year, from $64.00M to $126.00M.
- What is the long-term trend for Exxon Mobil's exploration expense?
- Over 4 years (2021 to 2025), Exxon Mobil's exploration expense has grown at a -1.1% compound annual growth rate (CAGR), from $1.05B to $1.01B.