• Cenovus Energy Inc average operating margin for 2023 was 10.61%, a 10.24% increase from 2022.
• Cenovus Energy Inc average operating margin for 2022 was 11.82%, a 197.73% decline from 2021.
• Cenovus Energy Inc average operating margin for 2021 was 3.97%, a 139.58% 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.