Exxon Mobil XOM Exploration expenses
Exploration expenses at other companies
Other financials
Where this comes from
Reported directly by Exxon Mobil in its filing.
Tagged under the XBRL concept us-gaap:ExplorationExpense.
The official record: Exxon Mobil’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Exxon Mobil's exploration expenses?
- Exxon Mobil (XOM) reported exploration expenses of $126M in Q1 2026.
- How has Exxon Mobil's exploration expenses changed year-over-year?
- Exxon Mobil's exploration expenses increased by 96.9% year-over-year, from $64M to $126M.
- 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?
- Exploration expenses include the costs associated with geological and geophysical surveys, as well as the write-offs of unsuccessful drilling projects, known as dry holes. This metric is a key indicator of the company's commitment to future reserve replacement and long-term growth. High spending here is necessary for future production but carries significant financial risk.