Bp annual r&d spending
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Bp R&D Spending Growth & History (BP.)
Bp's r&d spending was $274.0M for fiscal 2025.
View full Bp company overviewBp annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $274.0M | −$27.0M | −8.97% |
| 2024 | 2024-12-31 | $301.0M | $3.0M | +1.01% |
| 2023 | 2023-12-31 | $298.0M | $24.0M | +8.76% |
| 2022 | 2022-12-31 | $274.0M | $8.0M | +3.01% |
| 2021 | 2021-12-31 | $266.0M | −$66.0M | −19.88% |
| 2020 | 2020-12-31 | $332.0M | −$32.0M | −8.79% |
| 2019 | 2019-12-31 | $364.0M | −$65.0M | −15.15% |
| 2018 | 2019-01-01 | $429.0M | $38.0M | +9.72% |
| 2017 | 2017-12-31 | $391.0M | −$9.0M | −2.25% |
| 2016 | 2016-12-31 | $400.0M | −$18.0M | −4.31% |
| 2015 | 2015-12-31 | $418.0M | — | — |
Bp r&d spending trends
Over the last five fiscal years, Bp's r&d spending decreased from $332.0M to $274.0M, a change of −$58.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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