Exxon Research and Development Expenses 2010-2024 | XOM

Exxon 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.
  • Exxon research and development expenses for the quarter ending September 30, 2024 were $0.339B, a 0.3% increase year-over-year.
  • Exxon research and development expenses for the twelve months ending September 30, 2024 were $779M, a 18.85% decline year-over-year.
  • Exxon annual research and development expenses for 2023 were $0.751B, a 26.73% decline from 2022.
  • Exxon annual research and development expenses for 2022 were $1.025B, a 2.75% decline from 2021.
  • Exxon annual research and development expenses for 2021 were $1.054B, a 17.98% decline from 2020.
Exxon Annual Research and Development Expenses
(Millions of US $)
2023 $751
2022 $1,025
2021 $1,054
2020 $1,285
2019 $1,269
2018 $1,466
2017 $1,790
2016 $1,467
2015 $1,523
2014 $1,669
2013 $1,976
2012 $1,840
2011 $2,081
2010 $2,144
2009 $2,021
Exxon Quarterly Research and Development Expenses
(Millions of US $)
2024-09-30 $339
2024-06-30 $153
2024-03-31 $148
2023-12-31 $139
2023-09-30 $338
2023-06-30 $133
2023-03-31 $141
2022-12-31 $348
2022-09-30 $218
2022-06-30 $286
2022-03-31 $173
2021-12-31 $524
2021-09-30 $190
2021-06-30 $176
2021-03-31 $164
2020-12-31 $595
2020-09-30 $188
2020-06-30 $214
2020-03-31 $288
2019-12-31 $357
2019-09-30 $299
2019-06-30 $333
2019-03-31 $280
2018-12-31 $555
2018-09-30 $292
2018-06-30 $332
2018-03-31 $287
2017-12-31 $703
2017-09-30 $284
2017-06-30 $514
2017-03-31 $289
2016-12-31 $340
2016-09-30 $327
2016-06-30 $445
2016-03-31 $355
2015-12-31 $518
2015-09-30 $324
2015-06-30 $370
2015-03-31 $311
2014-12-31 $537
2014-09-30 $319
2014-06-30 $496
2014-03-31 $317
2013-12-31 $591
2013-09-30 $486
2013-06-30 $454
2013-03-31 $445
2012-12-31 $452
2012-09-30 $494
2012-06-30 $372
2012-03-31 $522
2011-12-31 $427
2011-09-30 $728
2011-06-30 $592
2011-03-31 $334
2010-12-31 $551
2010-09-30 $500
2010-06-30 $407
2010-03-31 $686
2009-12-31 $685
2009-09-30 $495
2009-06-30 $490
2009-03-31 $351
Sector Industry Market Cap Revenue
Oils/Energy Oil & Gas - International Integrated $535.279B $344.582B
ExxonMobil's bellwether status in the energy space, optimal integrated capital structure that has historically produced industry-leading returns and management's track record of capex discipline across the commodity price cycle make it a relatively lower-risk energy sector play. The company owns some of the most prolific upstream assets globally. Other aspects of the company's story include the largest global refining operations, substantial chemicals assets and a dividend history and credit profile that are second to none in the space. ExxonMobil's capital spending discipline is quite aggressive. The company has a plan in place to allocate significant proportion of its budget to key oil and gas projects. The company's business perspective looks different from most peers since big oil rivals have pledged to lower carbon emissions to tackle climate change. ExxonMobil divides its operations into three main segments: Upstream, Downstream and Chemical.
Stock Name Country Market Cap PE Ratio
Chevron (CVX) United States $291.776B 14.19
Shell (SHEL) United Kingdom $204.392B 7.78
Eni SpA (E) Italy $48.968B 7.36
YPF Sociedad Anonima (YPF) Argentina $15.744B 4.59
Repsol SA (REPYY) Spain $15.152B 3.71
BP (BP) United Kingdom $8.042B 7.68
Fuchs Petrolub SE (FUPBY) Germany $6.352B 18.43
Vista Oil & Gas, S.A.B De C.V (VIST) Mexico $5.380B 13.14
Sasol (SSL) South Africa $3.573B 0.00
New Fortress Energy LLC (NFE) United States $2.451B 7.39
Teekay (TK) Bermuda $0.728B 5.87
Tamboran Resources (TBN) Australia $0.245B 0.00
Crown LNG Holdings (CGBS) Singapore $0.023B 0.00
Braskem S.A (BAK) Brazil $0.000B 0.00