If you want to see where Google search results really point to, you can right click it and then hover over it to get the real destination... it's been like this for 15+ years (google changes the destination on-click).
Just checked; and while they did indeed use to change the URL (on mousedown (!) - which was infuriating, because right-clicking to copy URLs produced a mess I'd then have to pass to data:text/plain,... in a new tab to extract the URL-encoded... agh), they currently really do just leave the link alone now.
They just fire off a request to google.com/url?... to track the click before letting you on your merry way.