Highest R&D Spending in Energy
Energy sector companies ranked by r&d spending. Companies ranked by total R&D expenditure, showing the largest absolute investments in innovation.
Energy SectorTop 13 by R&D Spending
| # | Company | R&D Spending |
|---|---|---|
| 1 | XOMExxonMobil | $1.2B |
| 2 | SLBSchlumberger | $709M |
| 3 | BKRBaker Hughes | $600M |
| 4 | CVXChevron Corporation | $427M |
| 5 | HALHalliburton | $411M |
| 6 | WFRDWeatherford International | $108M |
| 7 | FTITechnipFMC | $83M |
| 8 | COPConocoPhillips | $78M |
| 9 | NBRNABORS INDUSTRIES LTD | $53M |
| 10 | HPHelmerich & Payne, Inc. | $34M |
| 11 | XPROEXPRO GROUP HOLDINGS N.V. | $13M |
| 12 | INVXInnovex International, Inc. | $7M |
| 13 | PSXPhillips 66 | $6M |
Understanding R&D Spending
R&D spending represents the total amount a company invests in research and development activities. Large tech companies like Amazon, Alphabet, and Meta typically lead in absolute R&D spending, often exceeding $30 billion annually. High R&D investment can drive future growth but also increases near-term expenses.
Rankings are based on SEC EDGAR filings. Companies with missing, unreliable, or extreme outlier values are excluded from this ranking.
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