Phillips 66 annual r&d spending
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Phillips 66 R&D Spending Growth & History (PSX)
Phillips 66's r&d spending was $6.0M for fiscal 2025.
View full Phillips 66 company overviewPhillips 66 annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $6.0M | −$9.0M | −60.00% |
| 2024 | 2024-12-31 | $15.0M | −$12.0M | −44.44% |
| 2023 | 2023-12-31 | $27.0M | −$15.0M | −35.71% |
| 2022 | 2022-12-31 | $42.0M | −$5.0M | −10.64% |
| 2021 | 2021-12-31 | $47.0M | −$1.0M | −2.08% |
| 2020 | 2020-12-31 | $48.0M | −$6.0M | −11.11% |
| 2019 | 2019-12-31 | $54.0M | −$1.0M | −1.82% |
| 2018 | 2018-12-31 | $55.0M | −$5.0M | −8.33% |
| 2017 | 2017-12-31 | $60.0M | $0 | 0.00% |
| 2016 | 2016-12-31 | $60.0M | −$5.0M | −7.69% |
| 2015 | 2015-12-31 | $65.0M | $3.0M | +4.84% |
| 2014 | 2014-12-31 | $62.0M | −$7.0M | −10.14% |
| 2013 | 2013-12-31 | $69.0M | −$1.0M | −1.43% |
| 2012 | 2012-12-31 | $70.0M | $1.0M | +1.45% |
| 2011 | 2011-12-31 | $69.0M | $13.0M | +23.21% |
| 2010 | 2010-12-31 | $56.0M | — | — |
Phillips 66 r&d spending trends
Over the last five fiscal years, Phillips 66's r&d spending decreased from $48.0M to $6.0M, a change of −$42.0M.
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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