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

Chevron has reported Research & Development for 18 years, with the latest figure at $205.0 million in Q1 2026.

• For the quarter ending Q1 2026, Research & Development rose 9.63% year-over-year to $205.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.1 billion (up 1.52% YoY), and the FY2025 full-year result was $1.1 billion, up 5.63% from the prior year.
• Research & Development for Q1 2026 stood at $205.0 million, down from $324.0 million in the prior quarter.
• The five-year high for Research & Development was $453.0 million in Q4 2022, with the low at $116.0 million in Q3 2022.
• Historically, Research & Development has averaged $243.5 million across 5 years, with a median of $209.0 million in 2022.
• Annual changes were most pronounced in 2023 — Research & Development jumped 159.48% — and 2024, when it plunged 48.84%.
• Chevron's Research & Development stood at $453.0 million in 2022, then plunged by 43.93% to $254.0 million in 2023, then jumped by 76.77% to $449.0 million in 2024, then dropped by 27.84% to $324.0 million in 2025, then tumbled by 36.73% to $205.0 million in 2026.
• The last three Research & Development figures came in at $205.0 million (Q1 2026), $324.0 million (Q4 2025), and $288.0 million (Q3 2025), per Business Quant data.