What is Exxon Mobil's exploration expenses?

Exxon Mobil (XOM) reported exploration expenses of $543.00M in Q4 2025.

How has Exxon Mobil's exploration expenses changed year-over-year?

Exxon Mobil's exploration expenses increased by 191.9% year-over-year, from $186.00M to $543.00M.

What is the long-term trend for Exxon Mobil's exploration expenses?

Over 4 years (2021 to 2025), Exxon Mobil's exploration expenses has grown at a -1.1% compound annual growth rate (CAGR), from $1.05B to $1.01B.

What does exploration expenses mean?

The costs of searching for new oil and gas reserves, including the cost of unsuccessful wells.

Exploration expenses

Operating Expenses

Exxon Mobil Exploration expenses increased by 264.4% to $543.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 191.9%, from $186.00M to $543.00M. Over 4 years (FY 2021 to FY 2025), Exploration expenses shows relatively stable performance with a -1.1% 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_expenses

Historical Data

19 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
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
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%
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%

Range$64.00M – $543.00M

CAGR+28.4%

Avg YoY Growth+10.9%

Median YoY Growth+5.0%

Frequently Asked Questions

What is Exxon Mobil's exploration expenses?: Exxon Mobil (XOM) reported exploration expenses of $543.00M in Q4 2025.
How has Exxon Mobil's exploration expenses changed year-over-year?: Exxon Mobil's exploration expenses increased by 191.9% year-over-year, from $186.00M to $543.00M.
What is the long-term trend for Exxon Mobil's exploration expenses?: Over 4 years (2021 to 2025), Exxon Mobil's exploration expenses has grown at a -1.1% compound annual growth rate (CAGR), from $1.05B to $1.01B.
What does exploration expenses mean?: The costs of searching for new oil and gas reserves, including the cost of unsuccessful wells.