• Devon Energy average operating margin for 2023 was 36.31%, a 6.44% decline from 2022.
• Devon Energy average operating margin for 2022 was 38.81%, a 476.67% decline from 2021.
• Devon Energy average operating margin for 2021 was 6.73%, a 115.51% 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.