Chevron Research and Development Expenses 2010-2024 | CVX

Chevron 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.
  • Chevron research and development expenses for the quarter ending September 30, 2024 were $0.154B, a 48.84% decline year-over-year.
  • Chevron research and development expenses for the twelve months ending September 30, 2024 were $800M, a 28.12% decline year-over-year.
  • Chevron annual research and development expenses for 2023 were $0.914B, a 6.16% decline from 2022.
  • Chevron annual research and development expenses for 2022 were $0.974B, a 77.41% increase from 2021.
  • Chevron annual research and development expenses for 2021 were $0.549B, a 64.28% decline from 2020.
Chevron Annual Research and Development Expenses
(Millions of US $)
2023 $914
2022 $974
2021 $549
2020 $1,537
2019 $770
2018 $1,210
2017 $864
2016 $1,033
2015 $3,340
2014 $1,985
2013 $1,861
2012 $1,728
2011 $1,216
2010 $1,147
2009 $1,342
Chevron Quarterly Research and Development Expenses
(Millions of US $)
2024-09-30 $154
2024-06-30 $263
2024-03-31 $129
2023-12-31 $254
2023-09-30 $301
2023-06-30 $169
2023-03-31 $190
2022-12-31 $453
2022-09-30 $116
2022-06-30 $196
2022-03-31 $209
2021-12-31 $192
2021-09-30 $158
2021-06-30 $113
2021-03-31 $86
2020-12-31 $367
2020-09-30 $117
2020-06-30 $895
2020-03-31 $158
2019-12-31 $272
2019-09-30 $168
2019-06-30 $141
2019-03-31 $189
2018-12-31 $250
2018-09-30 $625
2018-06-30 $177
2018-03-31 $158
2017-12-31 $356
2017-09-30 $239
2017-06-30 $125
2017-03-31 $144
2016-12-31 $191
2016-09-30 $258
2016-06-30 $214
2016-03-31 $370
2015-12-31 $1,358
2015-09-30 $315
2015-06-30 $1,075
2015-03-31 $592
2014-12-31 $510
2014-09-30 $366
2014-06-30 $694
2014-03-31 $415
2013-12-31 $726
2013-09-30 $559
2013-06-30 $329
2013-03-31 $247
2012-12-31 $357
2012-09-30 $475
2012-06-30 $493
2012-03-31 $403
2011-12-31 $386
2011-09-30 $240
2011-06-30 $422
2011-03-31 $168
2010-12-31 $335
2010-09-30 $420
2010-06-30 $212
2010-03-31 $180
2009-12-31 $281
2009-09-30 $242
2009-06-30 $438
2009-03-31 $381
Sector Industry Market Cap Revenue
Oils/Energy Oil & Gas - International Integrated $286.816B $200.949B
Chevron is one of the largest publicly traded oil and gas companies in the world with operations that span almost every corner of the globe. The only energy component of the Dow Jones Industrial Average, Chevron is fully integrated, meaning it participates in every aspect related to energy from oil production, to refining and marketing. Chevron remains well positioned to navigate the volatility in oil and gas prices.Being an integrated firm engaged in all aspects of the oil and gas business. Chevron divides its operations into two main segments: Upstream and Downstream. Chevron's other activities include transportation and chemicals. Chevron's current oil and gas development project pipeline is among the best in the industry.
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