EXXON MOBIL CORP R&D Expense 2008-2024 | XOM
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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 EXXON MOBIL CORP's current r&d expense?
EXXON MOBIL CORP (XOM) annual r&d expense for 2024 was $987.0M, a 12.29% increase from 2023.
What was EXXON MOBIL CORP's r&d expense in 2023?
EXXON MOBIL CORP annual r&d expense for 2023 was $879.0M, a 6.67% increase from 2022.
What was EXXON MOBIL CORP's r&d expense in 2022?
EXXON MOBIL CORP annual r&d expense for 2022 was $824.0M, a 2.25% decline from 2021.
What is EXXON MOBIL CORP's 5-year r&d expense CAGR?
EXXON MOBIL CORP r&d expense grew at a compound annual growth rate (CAGR) of 4.06% from FY2019 to FY2024, going from $1.21B to $987.0M over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR-4.1%
FY2019
$1.21B
→
FY2024
$987.0M
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5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2024 | $987.0M | +12.3% | 10-K |
| FY2023 | $879.0M | +6.7% | 10-K |
| FY2022 | $824.0M | -2.3% | 10-K |
| FY2021 | $843.0M | -17.0% | 10-K |
| FY2020 | $1.02B | -16.3% | 10-K |
| FY2019 | $1.21B | +8.8% | 10-K |
| FY2018 | $1.12B | +5.0% | 10-K |
| FY2017 | $1.06B | +0.5% | 10-K |
| FY2016 | $1.06B | +5.0% | 10-K |
| FY2015 | $1.01B | +3.8% | 10-K |
| FY2014 | $971.0M | -7.0% | 10-K |
| FY2013 | $1.04B | +0.2% | 10-K |
| FY2012 | $1.04B | -0.2% | 10-K |
| FY2011 | $1.04B | +3.2% | 10-K |
| FY2010 | $1.01B | -3.6% | 10-K |
| FY2009 | $1.05B | +24.0% | 10-K |
| FY2008 | $847.0M | - | 10-K |
Company: EXXON MOBIL CORPTicker: XOMSector: EnergyIndustry: Petroleum RefiningView company profile →