In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman take a look at the massive capital expenditures that some Big Oil players, like ExxonMobil (NYSE:XOM) and Royal Dutch Shell (NYSE:RDS-A), will be making this year. This will be done almost entirely in their upstream exploration and production divisions, in order to replenish their oil reserves. Joel discusses why these projects are so expensive at the moment, and suggests that these concerningly high expenses could mean that there are other more interesting plays to make in energy at the moment.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.