ConocoPhillips (COP) Research & Development Expenses
The r&d expense for ConocoPhillips (COP) is $78.00 Million with a year-over-year change of -3.70%. Research and Development (R&D) expenses represent the costs incurred by a company in developing new products, services, or processes.
COP R&D Expense Chart
Current R&D Expense
$78.00M
$78.00 Million
Year-over-Year Change
-3.70%
vs. $81.00M prior year
Historical Data
30
Years of data available
Annual R&D Expense History
| Year | R&D Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $78.00M | $-3.00M | -3.70% |
| 2024 | $81.00M | +$0 | 0.00% |
| 2023 | $81.00M | +$10.00M | +14.08% |
| 2022 | $71.00M | +$9.00M | +14.52% |
| 2021 | $62.00M | $-13.00M | -17.33% |
| 2020 | $75.00M | $-7.00M | -8.54% |
| 2019 | $82.00M | +$4.00M | +5.13% |
| 2018 | $78.00M | $-22.00M | -22.00% |
| 2017 | $100.00M | $-16.00M | -13.79% |
| 2016 | $116.00M | $-106.00M | -47.75% |
| 2015 | $222.00M | $-41.00M | -15.59% |
| 2014 | $263.00M | +$5.00M | +1.94% |
| 2013 | $258.00M | +$37.00M | +16.74% |
| 2012 | $221.00M | +$28.00M | +14.51% |
| 2011 | $193.00M | $-37.00M | -16.09% |
| 2010 | $230.00M | +$40.00M | +21.05% |
| 2009 | $190.00M | $-19.00M | -9.09% |
| 2008 | $209.00M | +$49.00M | +30.63% |
| 2007 | $160.00M | +$43.00M | +36.75% |
| 2006 | $117.00M | $-8.00M | -6.40% |
| 2005 | $125.00M | $-1.00M | -0.79% |
| 2004 | $126.00M | +$126.00M | — |
| 2003 | $0 | +$0 | — |
| 2002 | $0 | +$0 | — |
| 2001 | $0 | +$0 | — |
| 2000 | $0 | +$0 | — |
| 1999 | $0 | +$0 | — |
| 1998 | $0 | +$0 | — |
| 1997 | $0 | +$0 | — |
| 1996 | $0 | — | — |
About ConocoPhillips
ConocoPhillips is an energy company that engages in the global exploration, production, transportation, and marketing of various resources, including crude petroleum, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids (NGLs). Its primary operations are centered on both conventional and tight oil formations, shale gas, heavy crude, LNG developments, and oil sands projects. The company's extensive portfolio includes unconventional resources located in North America; established conventional assets spanning North America, Europe, Asia, and Australia; numerous LNG ventures; oil sands properties within Canada; and a significant inventory of potential conventional and unconventional exploration opportunities. ConocoPhillips was established in 1917 and its corporate headquarters are situated in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Ryan Lance