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Exxon Mobil XOM Capitalized Exploratory Well Costs
Capitalized Exploratory Well Costs at other companies
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Where this comes from
Reported directly by Exxon Mobil in its filing.
Tagged under the XBRL concept us-gaap:CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess.
The source filing: Exxon Mobil’s 10-K, filed February 18, 2026.
- Filed
- Feb 18, 2026, 4:06 PM EST
- Fiscal year
- FY2025
- Accession
- 0000034088-26-000045
| Period-end capitalized suspended exploratory well costs (millions of dollars) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Capitalized for a period of one year or less | 250 | 453 | 200 |
| Capitalized for a period of between one and five years | 933 | 583 | 1,030 |
| Capitalized for a period of between five and ten years | 1,144 | 1,544 | 1,411 |
| Capitalized for a period of greater than ten years | 959 | 1,020 | 918 |
| Capitalized for a period greater than one year - subtotal | 3,036 | 3,147 | 3,359 |
| Total | 3,286 | 3,600 | 3,559 |
ITEM 16. FORM 10-K SUMMARY
FAQ
- What is Exxon Mobil's capitalized exploratory well costs?
- Exxon Mobil (XOM) reported capitalized exploratory well costs of $250M in Q4 2025.
- How has Exxon Mobil's capitalized exploratory well costs changed year-over-year?
- Exxon Mobil's capitalized exploratory well costs decreased by 44.8% year-over-year, from $453M to $250M.
- What is the long-term trend for Exxon Mobil's capitalized exploratory well costs?
- Over 5 years (2020 to 2025), Exxon Mobil's capitalized exploratory well costs has grown at a 3.7% compound annual growth rate (CAGR), from $208M to $250M.
- What does capitalized exploratory well costs mean?
- These are the costs incurred to drill exploratory wells that are currently capitalized on the balance sheet while the company evaluates whether the wells have discovered proved reserves. If the wells are successful, these costs are reclassified to property, plant, and equipment; if unsuccessful, they are expensed. This is a key indicator of the company's exploration success and future reserve replacement potential.
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