• Chevron average ebitda margin for 2023 was 25.55%, a 3.07% decline from 2022.
• Chevron average ebitda margin for 2022 was 26.36%, a 33.6% decline from 2021.
• Chevron average ebitda margin for 2021 was 19.73%, a 7.58% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.