• Civitas Resources average operating margin for 2023 was 40.24%, a 18.03% decline from 2022.
• Civitas Resources average operating margin for 2022 was 49.09%, a 86.87% decline from 2021.
• Civitas Resources average operating margin for 2021 was 26.27%, a 423.31% 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.