Phillips 66 R&D Expense 2010-2025 | PSX
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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 Phillips 66's current r&d expense?
Phillips 66 (PSX) annual r&d expense for 2025 was $6.0M, a 60.00% decline from 2024.
What was Phillips 66's r&d expense in 2024?
Phillips 66 annual r&d expense for 2024 was $15.0M, a 44.44% decline from 2023.
What was Phillips 66's r&d expense in 2023?
Phillips 66 annual r&d expense for 2023 was $27.0M, a 35.71% decline from 2022.
What is Phillips 66's 5-year r&d expense CAGR?
Phillips 66 r&d expense grew at a compound annual growth rate (CAGR) of 34.02% from FY2020 to FY2025, going from $48.0M to $6.0M over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Declining
CAGR-34.0%
FY2020
$48.0M
→
FY2025
$6.0M
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5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $6.0M | -60.0% | 10-K |
| FY2024 | $15.0M | -44.4% | 10-K |
| FY2023 | $27.0M | -35.7% | 10-K |
| FY2022 | $42.0M | -10.6% | 10-K |
| FY2021 | $47.0M | -2.1% | 10-K |
| FY2020 | $48.0M | -11.1% | 10-K |
| FY2019 | $54.0M | -1.8% | 10-K |
| FY2018 | $55.0M | -8.3% | 10-K |
| FY2017 | $60.0M | +0.0% | 10-K |
| FY2016 | $60.0M | -7.7% | 10-K |
| FY2015 | $65.0M | +4.8% | 10-K |
| FY2014 | $62.0M | -10.1% | 10-K |
| FY2013 | $69.0M | -1.4% | 10-K |
| FY2012 | $70.0M | +1.4% | 10-K |
| FY2011 | $69.0M | +23.2% | 10-K |
| FY2010 | $56.0M | - | 10-K |