• Canadian Natural Resources average operating margin for 2023 was 29%, a 23.9% decline from 2022.
• Canadian Natural Resources average operating margin for 2022 was 38.11%, a 83.75% decline from 2021.
• Canadian Natural Resources average operating margin for 2021 was 20.74%, a 154.48% 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.