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 |
$75.909B |
$213.032B |
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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.
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