Chevron annual r&d spending
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Chevron R&D Spending Growth & History (CVX)
Chevron's r&d spending was $427.0M for fiscal 2025.
View full Chevron company overviewChevron annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $427.0M | $74.0M | +20.96% |
| 2024 | 2024-12-31 | $353.0M | $33.0M | +10.31% |
| 2023 | 2023-12-31 | $320.0M | $52.0M | +19.40% |
| 2022 | 2022-12-31 | $268.0M | $0 | 0.00% |
| 2021 | 2021-12-31 | $268.0M | −$167.0M | −38.39% |
| 2020 | 2020-12-31 | $435.0M | −$65.0M | −13.00% |
| 2019 | 2019-12-31 | $500.0M | $47.0M | +10.38% |
| 2018 | 2018-12-31 | $453.0M | $20.0M | +4.62% |
| 2017 | 2017-12-31 | $433.0M | −$43.0M | −9.03% |
| 2016 | 2016-12-31 | $476.0M | −$125.0M | −20.80% |
| 2015 | 2015-12-31 | $601.0M | −$106.0M | −14.99% |
| 2014 | 2014-12-31 | $707.0M | −$43.0M | −5.73% |
| 2013 | 2013-12-31 | $750.0M | $102.0M | +15.74% |
| 2012 | 2012-12-31 | $648.0M | $21.0M | +3.35% |
| 2011 | 2011-12-31 | $627.0M | $101.0M | +19.20% |
| 2010 | 2010-12-31 | $526.0M | −$77.0M | −12.77% |
| 2009 | 2009-12-31 | $603.0M | −$99.0M | −14.10% |
| 2008 | 2008-12-31 | $702.0M | — | — |
Chevron r&d spending trends
Over the last five fiscal years, Chevron's r&d spending decreased from $435.0M to $427.0M, a change of −$8.0M.
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.
Review Chevron source filings ↗Community posts
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