Saudi Aramco Research and Development Expenses

Research and Development expenses of Saudi Aramco 2017-2019

Amounts are in $millions.

YearR&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.