Saudi Aramco Research and Development Expenses
Research and Development expenses of Saudi Aramco 2017-2019
Amounts are in $millions.
| Year | R&D Expenses ($mn) |
| 2019 ( 9 months ended Sep30) | $386 |
| 2018 (full year) | $591 |
| 2017 (full year) | $507 |
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.