Operating Expenses
Exploration expenses
Exxon Mobil Exploration expenses 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 expenses shows relatively stable performance with a -1.1% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ1 2013
Last reportedQ1 2026May 4, 2026
How to read this metric
High exploration spending indicates an aggressive growth strategy, while low spending may suggest a focus on harvesting existing assets.
Detailed definition
Exploration expenses include costs incurred in identifying, evaluating, and drilling for new hydrocarbon reserves. This...
Peer comparison
Standard for upstream energy companies; varies significantly based on the company's exploration versus development strategy.
Metric ID:
xom_exploration_expensesHistorical 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 expenses at Other Companies
Frequently Asked Questions
- What is Exxon Mobil's exploration expenses?
- Exxon Mobil (XOM) reported exploration expenses of $126.00M 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 $64.00M to $126.00M.
- 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?
- Costs associated with searching for new oil and gas reserves, including unsuccessful drilling attempts.