• Exxon average operating margin for 2023 was 18.19%, a 15.93% decline from 2022.
• Exxon average operating margin for 2022 was 15.69%, a 571.17% increase from 2021.
• Exxon average operating margin for 2021 was -3.33%, a 261.96% 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.