I ran 15 miles on Monday at a pretty relaxed pace (took 2.5 hours). My watch, while probably not perfectly accurate, nevertheless suggested I burned approximately 1640 additional calories during this time.
This is 1/4 as much as 10 hours and is a significant proportion of my basal metabolic expenditure.
On a more typical day, I may run closer to an hour and be closer to 600-700 calories. I'd still call this significant.
You can burn significant calories exercising, but the exercise is probably kind of unpleasant.
Good. What I mean is that it is a lot more effort than cutting down on an extra snack. Running a hour for 600 calories does not sound like its very effective since its just about the calories of 2 cookies.
If you're an olympic athlete swimming 10 miles a day, you need more calories.
If you're the typical American walking or jogging even for an hour, you burn basically a can of Coke or two.