• BP average operating margin for 2023 was 16.52%, a 797.83% decline from 2022.
• BP average operating margin for 2022 was 1.84%, a 69.74% increase from 2021.
• BP average operating margin for 2021 was 6.08%, a 153.33% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.