Apa (APA) Research & Development (2020 - 2026)
Apa (APA) posted Research & Development of $58 million for Q2 2026, up 34.9% from $43 million a year earlier and up 123.1% from the prior quarter.
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Analysis
Apa (APA) Research & Development (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Apa was $142 million, down 15.0% year-over-year; for FY2025, it came in at $131 million, down 58.1% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of -13.7% (FY2020 to FY2025).
- In prior years, Apa's Research & Development was $313 million in FY2024 (+60.5%), $195 million in FY2023 (-36.1%), $305 million in FY2022 (+96.8%) and $155 million in FY2021 (-43.4%).
- The Q2 2026 figure stands as the highest quarterly Research & Development since Q4 2024.
- On a year-over-year basis, Research & Development increased in two of the last eight quarters, with an average decline of 22.5%.
- The strongest year-over-year quarter for Research & Development in the past five years was Q1 2024, with growth of 184.6%; the weakest was Q1 2025, with a decline of 79.7%.
- According to Business Quant data, Research & Development for the three prior quarters was $26 million (Q1 2026), $36 million (Q4 2025) and $22 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 277.00 Mn |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 256.00 Mn |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | -95.00 Mn |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | - |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 75.00 Mn |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | -189.00 Mn |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | - |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | - |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 17.00 Mn |
| 10 | Apa | 14.55 Bn | 13.75 Bn | 2.28 Bn | 58.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 58.00 Mn |
| Mar 31, 2026 | 26.00 Mn |
| Dec 31, 2025 | 36.00 Mn |
| Sep 30, 2025 | 22.00 Mn |
| Jun 30, 2025 | 43.00 Mn |
| Mar 31, 2025 | 30.00 Mn |
| Dec 31, 2024 | 65.00 Mn |
| Sep 30, 2024 | 29.00 Mn |
| Jun 30, 2024 | 71.00 Mn |
| Mar 31, 2024 | 148.00 Mn |
| Dec 31, 2023 | 51.00 Mn |
| Sep 30, 2023 | 49.00 Mn |
| Jun 30, 2023 | 43.00 Mn |
| Mar 31, 2023 | 52.00 Mn |
| Dec 31, 2022 | 112.00 Mn |
| Sep 30, 2022 | 95.00 Mn |
| Jun 30, 2022 | 56.00 Mn |
| Mar 31, 2022 | 42.00 Mn |
| Dec 31, 2021 | 46.00 Mn |
| Sep 30, 2021 | 34.00 Mn |
API Access
Apa Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=APA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "APA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=APA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();