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

Chevron (CVX) has 18 years of Research & Development data on file, last reported at $205.0 million in Q1 2026.

• Quarterly Research & Development rose 9.63% year-over-year to $205.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 1.52% YoY) and the FY2025 annual result came in at $1.1 billion, up 5.63% from the prior year.
• Research & Development fell to $205.0 million in Q1 2026, from $324.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $453.0 million in Q4 2022 to a low of $116.0 million in Q3 2022.
• A 5-year average of $243.5 million and a median of $209.0 million in 2022 frame the typical range for Research & Development.
• Annual changes were most pronounced in 2023 — Research & Development jumped 159.48% — and 2024, when it plunged 48.84%.
• Tracing CVX's Research & Development over 5 years: 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.