BP Research and Development Expenses 2010-2024 | BP

BP annual/quarterly research and development expenses history and growth rate from 2010 to 2024. Research and development expenses can be defined as an expense arising from studies and product development processes.
  • BP research and development expenses for the quarter ending September 30, 2024 were $0.372B, a 283.51% increase year-over-year.
  • BP research and development expenses for the twelve months ending September 30, 2024 were $1.299B, a 104.25% increase year-over-year.
  • BP annual research and development expenses for 2023 were $0.997B, a 70.43% increase from 2022.
  • BP annual research and development expenses for 2022 were $0.585B, a 37.97% increase from 2021.
  • BP annual research and development expenses for 2021 were $0.424B, a 95.88% decline from 2020.
BP Annual Research and Development Expenses
(Millions of US $)
2023 $997
2022 $585
2021 $424
2020 $10,280
2019 $964
2018 $1,445
2017 $2,080
2016 $1,721
2015 $2,353
2014 $3,632
2013 $3,441
2012 $1,475
2011 $1,520
2010 $843
2009 $1,116
BP Quarterly Research and Development Expenses
(Millions of US $)
2024-09-30 $372
2024-06-30 $179
2024-03-31 $247
2023-12-31 $501
2023-09-30 $97
2023-06-30 $293
2023-03-31 $106
2022-12-31 $140
2022-09-30 $225
2022-06-30 $128
2022-03-31 $92
2021-12-31 $102
2021-09-30 $116
2021-06-30 $107
2021-03-31 $99
2020-12-31 $214
2020-09-30 $190
2020-06-30 $9,674
2020-03-31 $202
2019-12-31 $266
2019-09-30 $185
2019-06-30 $146
2019-03-31 $367
2018-12-31 $457
2018-09-30 $310
2018-06-30 $164
2018-03-31 $514
2017-12-31 $521
2017-09-30 $297
2017-06-30 $850
2017-03-31 $412
2016-12-31 $314
2016-09-30 $803
2016-06-30 $350
2016-03-31 $254
2015-12-31 $923
2015-09-30 $356
2015-06-30 $902
2015-03-31 $172
2014-12-31 $1,455
2014-09-30 $840
2014-06-30 $389
2014-03-31 $948
2013-12-31 $2,174
2013-09-30 $511
2013-06-30 $434
2013-03-31 $322
2012-12-31 $309
2012-09-30 $290
2012-06-30 $616
2012-03-31 $260
2011-12-31 $342
2011-09-30 $100
2011-06-30 $679
2011-03-31 $399
2010-12-31 $431
2010-09-30 $160
2010-06-30 $132
2010-03-31 $120
2009-12-31 $272
2009-09-30 $378
2009-06-30 $347
2009-03-31 $119
Sector Industry Market Cap Revenue
Oils/Energy Oil & Gas - International Integrated $7.872B $213.032B
BP has come a long way since the Gulf of Mexico oil spill incident in 2010, which followed the explosion on the British energy giant's Deepwater Horizon rig. To combat its huge litigation expenses that stemmed from the disaster, the company embarked on a massive asset divestment program and relied significantly on debt capital. BP successfully settled all litigation with the relatively insignificant cash outlays remaining. BP has been banking on its strong portfolio of upstream projects. BP is also on track to capitalize on the global economy's transition to lower carbon fuels. The company has been investing in renewable energy business with a plan to ramp up capital spending for non-oil and gas business. In fact, BP has plans of becoming carbon-neutral by 2050. Its reportable segments now are: Oil Production & Operations, Gas & Low Carbon Energy, Customers & Products and Rosneft.It entered a non-binding MOU with?Eni to combine their upstream portfolios into a joint venture in Angola.
Stock Name Country Market Cap PE Ratio
Exxon (XOM) United States $521.390B 13.79
Chevron (CVX) United States $286.816B 13.95
Shell (SHEL) United Kingdom $203.711B 7.75
Eni SpA (E) Italy $49.069B 7.38
Repsol SA (REPYY) Spain $15.286B 3.74
YPF Sociedad Anonima (YPF) Argentina $13.982B 4.07
Fuchs Petrolub SE (FUPBY) Germany $6.350B 18.42
Vista Oil & Gas, S.A.B De C.V (VIST) Mexico $4.748B 11.60
Sasol (SSL) South Africa $3.379B 0.00
New Fortress Energy LLC (NFE) United States $1.864B 6.89
Teekay (TK) Bermuda $0.728B 5.87
Tamboran Resources (TBN) Australia $0.265B 0.00
Crown LNG Holdings (CGBS) Singapore $0.024B 0.00
Braskem S.A (BAK) Brazil $0.000B 0.00