Saudi Aramco Research and Development Expenses

Research and Development expenses of Saudi Aramco 2017-2019

Amounts are in $millions.

YearR&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.