This statistic shows the research and development costs of Exxon Mobil from 2001 to 2014. In 2008, Exxon Mobil's research and development costs amounted to 847 million U.S. dollars. Exxon Mobil is a U.S. based multi-national oil and gas corporation. In the last five years, Exxon Mobil was either the largest or second largest company in the world based on generated revenue. The Exxon Mobil Corporation is headquartered in Irving, Texas.
ExxonMobil key facts
The ExxonMobil Corporation is a U.S. oil and gas corporation, headquartered in Irving, Texas. It was formed in 1999 through the fusion of Exxon and Mobil, previously known as Standard Oil of New York and Standard Oil of New Jersey respectively. The company traces its roots back to John D. Rockeffeller’s Standard Oil Company, which was founded in 1870. Today, ExxonMobil is one of the largest companies in the world.
According to the Financial Times Global 500 list for 2013, Exxon Mobil is the world’s number two based on market value, only topped by technology giant Apple. As of March 2013, ExxonMobil was valued at some 404 billion US dollars. When based on revenue, ExxonMobil is the number four worldwide, topped by WalMart and two other oil and gas companies – Royal Dutch Shell and Sinopec.
Research and development expenditure in the oil and gas industry is not as high as in some other major industries. For example, the chemical industry spends around three percent of its revenue for R&D purposes. Pharmaceutical companies spend even more – often between 15 and 20 percent. In 2013, ExxonMobil spent around one billion US dollars on research and development. One decade earlier, this figure stood at some 600 million US dollars. However, oil and gas companies like ExxonMobil always have to cover exploration expenses. In the same year, these costs came to some two billion US dollars for ExxonMobil. The highest expenditure of ExxonMobil was on crude oil and production purchases. These stood at some 244 billion US dollars in 2013.