Ecopetrol S.A Operating Margin 2010-2023 | EC
- Ecopetrol S.A average operating margin for 2022 was 34.65%, a 65.55% decline from 2021.
- Ecopetrol S.A average operating margin for 2021 was 20.93%, a 14.95% increase from 2020.
- Ecopetrol S.A average operating margin for 2020 was 24.61%, a 23.64% decline from 2019.
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.