Exxon Mobil research and development costs
Research and Development Costs of Exxon Mobil 1998-2021
Amounts are in $millions.
| Year | R&D Expenses ($mn) |
|---|---|
| 2021 | $843 |
| 2020 | $1,016 |
| 2019 | $1,214 |
| 2018 | $ 1,116 |
| 2017 | $ 1,063 |
| 2016 | $ 1,058 |
| 2015 | $ 1,008 |
| 2014 | $ 971 |
| 2013 | $ 1,044 |
| 2012 | $ 1,042 |
| 2011 | $ 1,044 |
| 2010 | $ 1,012 |
| 2009 | $ 1,050 |
| 2008 | $ 847 |
| 2007 | $ 814 |
| 2006 | $ 733 |
| 2005 | $ 712 |
| 2004 | $ 649 |
| 2003 | $ 618 |
| 2002 | $ 631 |
| 2001 | $ 603 |
| 2000 | $ 564 |
| 1999 | $ 630 |
| 1998 | $ 753 |
In 2021, the research and development expenses of Exxon Mobil were $843 million compared to $1,016 million in 2020.
Exxon Mobil spent $1,016 million on research and development in 2020 compared to $1,214 million in 2019.
The research and development expenses of Exxon Mobil grew to $1,116 million in 2018 from $1,063 million in 2017.