Exxon Research and Development Expenses 2010-2023 | XOM
Exxon annual/quarterly research and development expenses history and growth rate from 2010 to 2023. 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 December 31, 2023 were $0.139B, a 60.06% decline year-over-year.
- Exxon research and development expenses for the twelve months ending December 31, 2023 were $751M, a 26.73% 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 $) |
| 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 |
$467.010B |
$344.582B |
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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.
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