Chevron (CVX) Research & Development (2009 - 2026)
Chevron (CVX) posted Research & Development of $256 million for Q2 2026, up 1.6% from $252 million a year earlier and up 24.9% from the prior quarter.
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Analysis
Chevron (CVX) Research & Development (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Chevron was $1.07 billion, up 3.0% year-over-year; for FY2025, it was $1.05 billion, up 5.6% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of -7.3% (FY2020 to FY2025).
- In prior years, Chevron's Research & Development was $995 million in FY2024 (+8.9%), $914 million in FY2023 (-6.2%), $974 million in FY2022 (+77.4%) and $549 million in FY2021 (-64.3%).
- Quarterly Research & Development has run from a low of $116 million in Q3 2022 to a high of $453 million in Q4 2022 over five years.
- On a year-over-year basis, Research & Development increased in five of the last eight quarters, with growth averaging 17.4%.
- The strongest year-over-year quarter for Research & Development in the past five years was Q3 2023, with growth of 159.5%; the weakest was Q3 2024, with a decline of 48.8%.
- According to Business Quant data, Research & Development for the three prior quarters was $205 million (Q1 2026), $324 million (Q4 2025) and $288 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 155.00 Mn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 300.00 Mn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 256.00 Mn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | -95.00 |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | - |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 75.00 Mn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | - |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | -189.00 Mn |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | - |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 17.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 256.00 Mn |
| Mar 31, 2026 | 205.00 Mn |
| Dec 31, 2025 | 324.00 Mn |
| Sep 30, 2025 | 288.00 Mn |
| Jun 30, 2025 | 252.00 Mn |
| Mar 31, 2025 | 187.00 Mn |
| Dec 31, 2024 | 449.00 Mn |
| Sep 30, 2024 | 154.00 Mn |
| Jun 30, 2024 | 263.00 Mn |
| Mar 31, 2024 | 129.00 Mn |
| Dec 31, 2023 | 254.00 Mn |
| Sep 30, 2023 | 301.00 Mn |
| Jun 30, 2023 | 169.00 Mn |
| Mar 31, 2023 | 190.00 Mn |
| Dec 31, 2022 | 453.00 Mn |
| Sep 30, 2022 | 116.00 Mn |
| Jun 30, 2022 | 196.00 Mn |
| Mar 31, 2022 | 209.00 Mn |
| Dec 31, 2021 | 192.00 Mn |
| Sep 30, 2021 | 158.00 Mn |
API Access
Chevron 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=CVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "CVX", "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=CVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();