CONOCOPHILLIPS R&D Expense 2008-2024 | COP
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What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is CONOCOPHILLIPS's current r&d expense?
CONOCOPHILLIPS (COP) annual r&d expense for 2024 was $81.0M, a 0.00% increase from 2023.
What was CONOCOPHILLIPS's r&d expense in 2023?
CONOCOPHILLIPS annual r&d expense for 2023 was $81.0M, a 14.08% increase from 2022.
What was CONOCOPHILLIPS's r&d expense in 2022?
CONOCOPHILLIPS annual r&d expense for 2022 was $71.0M, a 14.52% increase from 2021.
What is CONOCOPHILLIPS's 5-year r&d expense CAGR?
CONOCOPHILLIPS r&d expense grew at a compound annual growth rate (CAGR) of 0.25% from FY2019 to FY2024, going from $82.0M to $81.0M over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR-0.2%
FY2019
$82.0M
→
FY2024
$81.0M
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5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2024 | $81.0M | +0.0% | 10-K |
| FY2023 | $81.0M | +14.1% | 10-K |
| FY2022 | $71.0M | +14.5% | 10-K |
| FY2021 | $62.0M | -17.3% | 10-K |
| FY2020 | $75.0M | -8.5% | 10-K |
| FY2019 | $82.0M | +5.1% | 10-K |
| FY2018 | $78.0M | -22.0% | 10-K |
| FY2017 | $100.0M | -13.8% | 10-K |
| FY2016 | $116.0M | -47.7% | 10-K |
| FY2015 | $222.0M | -15.6% | 10-K |
| FY2014 | $263.0M | +1.9% | 10-K |
| FY2013 | $258.0M | +16.7% | 10-K |
| FY2012 | $221.0M | +14.5% | 10-K |
| FY2011 | $193.0M | +12.2% | 10-K |
| FY2010 | $172.0M | -9.5% | 10-K |
| FY2009 | $190.0M | -9.1% | 10-K |
| FY2008 | $209.0M | - | 10-K |