Exploration Expense
Exploration Expense is a financial metric that refers to the amount of money a company spends on exploration activities, such as drilling and testing new oil and gas reserves, mineral deposits, or other natural resources. It is typically reported on a company's income statement as an operating expense, and is considered an important indicator of a company's growth potential and future earnings prospects. However, companies that engage in exploration activities often face significant risks, including the possibility of dry wells or unsuccessful exploration efforts, which can result in high exploration expenses and lower profitability.
Additional Details
| Metric Name |
Type |
Default Period Type |
| exploration_expense |
|
FY |
| Data Format |
Display Format |
Unit |
| float |
financial |
usd |