The chart above displays the net exploration costs of Exxon Mobil including Dry holes from 2012 to 2023. In 2022, the exploration costs of Exxon Mobil reached $1,025 million compared to $1,054 million in 2021. However, the company experienced significant growth in its net operating revenue in 2022 compared to the prior year. Its total revenue for 2022 reached $398.7 billion compared to $276.7 billion in 2021.
Exploration Expenses of Exxon Mobil 1998-2022
Amounts are in $millions.
| Year | Exploration Expenses ($mn) |
|---|---|
| 2022 | $1,025 |
| 2021 | $1,054 |
| 2020 | $1,285 |
| 2019 | $1,269 |
| 2018 | $ 1,466 |
| 2017 | $ 1,790 |
| 2016 | $ 1,467 |
| 2015 | $ 1,523 |
| 2014 | $ 1,669 |
| 2013 | $ 1,976 |
| 2012 | $ 1,840 |
| 2011 | $ 2,081 |
| 2010 | $ 2,144 |
| 2009 | $ 2,021 |
| 2008 | $ 1,451 |
| 2007 | $ 1,469 |
| 2006 | $ 1,181 |
| 2005 | $ 964 |
| 2004 | $ 1,098 |
| 2003 | $ 1,010 |
| 2002 | $ 920 |
| 2001 | $ 1,175 |
| 2000 | $ 936 |
| 1999 | $ 1,246 |
| 1998 | $ 1,506 |
In 2021, Exxon Mobil’s exploration expenses were $1,054 million compared to $1,285 million in 2020.
Exploration expenses of Exxon Mobil were $1.5 billion in 2018 compared to $1.8 billion in 2017.
ExxonMobil is the world’s largest publicly traded international oil and gas company which has been an industry leader in this area for more than 135 years. The company has remained among the world’s largest companies for past several years based upon its revenue. In 2017, its exploration expenses reached 1.8Billion dollars, rising from 1.5 Billion dollars in 2016.