Inpex Corp (Inpex) is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. The company also engages in the refining, marketing, and sales of crude oil, condensate, LPG, natural gas, and LNG. Additionally, Inpex is involved in electricity generation.

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Inpex is actively engaged in research and development activities to support the energy transition and maintain its role as a major energy supplier. In FY2025, the company is focusing on enhancing technological capabilities to drive future growth and maintain a competitive edge. The company is leveraging R&D to expand into new business domains and enhance existing projects, with a key focus on developing core technological capabilities in natural gas and oil development. Additionally, Inpex is actively involved in Carbon Capture and Storage (CCS), leveraging R&D across the full CCS value chain to establish itself as a leading player in this domain. The company is promoting open innovation and collaboration with technology providers, research institutions, and startups to create new technologies. A new Innovation Center is being constructed in the Greater Tokyo Area to serve as a hub for accelerating R&D initiatives, housing experimental equipment and pilot testing facilities for energy-related technologies. The company is also investing in exploration and evaluation assets, as well as development and production assets, particularly in the oil and gas sector, while extending R&D activities to renewable energy and power-related businesses. In FY2025, the company incurred expenses of JPY13,146 million on R&D, which as a percentage of revenue, stood at 0.7%.