Company / R&D Expense
Chevron Corporation R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$427.0M
FY2025
5-year range
$268.0M / $427.0M
FY2021-FY2025
Trend
+21.0%
vs FY2024
Sector context
#4 of 13
Energy
What the data says
At $427M, Chevron Corporation's r&d expense ranks #4 of 13 in the Energy sector. R&D Expense has increased for 3 consecutive years, from $268M in FY2022 to $427M in FY2025.
Based on SEC 10-K filings.
$427M in FY2025 with a 5-year CAGR of -0.4%. Top quartile in the Energy sector.
Improved from $320M to $427M over the past 2 years.
Energy sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +16.8%
- 5-Year CAGR
- -0.4%
- 10-Year CAGR
- -
Sector benchmark
#4 of 13 in EnergyTop 31% of 13This company $427.0M Sector average $286.9M
▼
+48.8% above sector average
Key checks
Key Insights
- Chevron Corporation's r&d expense has grown for 3 consecutive years.
- 5-year CAGR of -0.4%, indicating a declining trend.
- In FY2025, r&d expense increased 21.0% year-over-year.
- Ranks #4 out of 13 companies in the Energy sector.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $427.0M | +21.0% |
| FY2024 | $353.0M | +10.3% |
| FY2023 | $320.0M | +19.4% |
| FY2022 | $268.0M | +0.0% |
| FY2021 | $268.0M | -38.4% |
| FY2020 | $435.0M | -13.0% |
| FY2019 | $500.0M | +10.4% |
| FY2018 | $453.0M | +4.6% |
| FY2017 | $433.0M | -9.0% |
| FY2016 | $476.0M | -20.8% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026