Chevron (CVX) Research & Development (2009 - 2026)

Chevron (CVX) has reported Research & Development for 18 consecutive years, with $205.0 million the latest figure, recorded in Q1 2026.

• Research & Development for Q1 2026 came in at $205.0 million, up 9.63% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 1.52% YoY), and the FY2025 annual result was $1.1 billion, up 5.63% from the prior year.
• Research & Development was $205.0 million for Q1 2026 at Chevron, down from $324.0 million in the prior quarter.
• Over five years, Research & Development peaked at $453.0 million in Q4 2022 and troughed at $116.0 million in Q3 2022.
• Average Research & Development over 5 years is $243.5 million, with a median of $209.0 million recorded in 2022.
• Year-over-year, Research & Development soared 159.48% in 2023 and slumped 48.84% in 2024.
• Over 5 years, Research & Development stood at $453.0 million in 2022, then tumbled by 43.93% to $254.0 million in 2023, then jumped by 76.77% to $449.0 million in 2024, then retreated by 27.84% to $324.0 million in 2025, then slumped by 36.73% to $205.0 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were $205.0 million in Q1 2026, $324.0 million in Q4 2025, and $288.0 million in Q3 2025.