• Chord Energy average operating margin for 2023 was 36.72%, a 19.9% decline from 2022.
• Chord Energy average operating margin for 2022 was 45.84%, a 50.34% decline from 2021.
• Chord Energy average operating margin for 2021 was 30.49%, a 107.58% increase 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.