Oil & gas development plans incompatible with 1.5 °C

Showcase for selected companies. Data as of 2026.

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Exploration Capital Expenditure (CapEx)

min / avg / max

Short-Term Expansion: Resources under Development and Field Evaluation as of September 2026

IEA NZE Overshoot
other STE

Over the past 3 years, Exxon Mobil’s spending on exploration averaged USD 1,450 million. 92.20% of the company’s oil & gas field developments are incompatible with the 1.5°C world modelled in the IEA’s 2021/2022 NZE scenario.

mmboeUSD million