Saudi Aramco Research and Development Expenses
Research and Development expenses of Saudi Aramco 2017-2019
Amounts are in $millions.
| Year | R&D Expenses ($mn) |
| 2020 | $755 million |
| 2019 | $573 million |
| 2018 | $591 million |
| 2017 | $507 million |
The research and development expenses of Saudi Aramco was $755 million in 2020 compared to $573 million in 2019.
For the first nine months of 2019, Saudi Aramco or the Saudi Arabian Oil Company spent $386 million on research and development. For the full year 2018, the company spent $591 million on research and development compared to $507 million during 2017.