Exxon Mobil (XOM) Operating Expenses (2009 - 2026)
Exxon Mobil's (XOM) quarterly Operating Expenses came in at $78.2 billion in Q1 2026, up 9.28% year-on-year from $71.5 billion in Q1 2025, and up 5.24% quarter-over-quarter from $74.3 billion in Q4 2025.
Exxon Mobil (XOM) Operating Expenses (2009 - 2026) Analysis & Trends
Exxon Mobil has disclosed Operating Expenses across 18 years of filings, most recently posting $78.2 billion for Q1 2026.
- Operating Expenses for Q1 2026 came in at $78.2 billion, up 9.28% year-over-year; the trailing twelve-month figure through Mar 2026 was $297.6 billion (down 1.3% YoY), and the FY2025 annual result was $291.0 billion, down 3.24% from the prior year.
- Operating Expenses came in at $78.2 billion for Q1 2026 at Exxon Mobil, up from $74.3 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $90.7 billion in Q2 2022 to a low of $69.8 billion in Q1 2023.
- The 5-year median for Operating Expenses is $74.4 billion (2025), against an average of $76.3 billion.
- Across the five-year window, Operating Expenses jumped 47.71% in 2022 and dropped 21.48% in 2023, its largest moves.
- Exxon Mobil's Operating Expenses stood at $76.6 billion in 2022, then slipped by 3.74% to $73.7 billion in 2023, then retreated by 0.14% to $73.6 billion in 2024, then advanced by 0.9% to $74.3 billion in 2025, then rose by 5.24% to $78.2 billion in 2026.
- The last three Operating Expenses figures came in at $78.2 billion (Q1 2026), $74.3 billion (Q4 2025), and $74.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | -3.49 Bn |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | 78.17 Bn |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | -5,222.00 |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 7.68 Bn |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 1.08 Bn |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | - |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 44.00 Mn |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 1.27 Bn |
| 10 | Imperial Oil | 42.92 Bn | 42.17 Bn | - | 8.18 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 78.17 Bn |
| Dec 31, 2025 | 74.28 Bn |
| Sep 30, 2025 | 74.36 Bn |
| Jun 30, 2025 | 70.80 Bn |
| Mar 31, 2025 | 71.53 Bn |
| Dec 31, 2024 | 73.61 Bn |
| Sep 30, 2024 | 76.99 Bn |
| Jun 30, 2024 | 79.40 Bn |
| Mar 31, 2024 | 70.71 Bn |
| Dec 31, 2023 | 73.72 Bn |
| Sep 30, 2023 | 77.06 Bn |
| Jun 30, 2023 | 71.26 Bn |
| Mar 31, 2023 | 69.76 Bn |
| Dec 31, 2022 | 76.59 Bn |
| Sep 30, 2022 | 86.65 Bn |
| Jun 30, 2022 | 90.75 Bn |
| Mar 31, 2022 | 81.94 Bn |
| Dec 31, 2021 | 73.24 Bn |
| Sep 30, 2021 | 64.18 Bn |
| Jun 30, 2021 | 61.44 Bn |