• Equinor average operating margin for 2023 was 42.7%, a 7.78% decline from 2022.
• Equinor average operating margin for 2022 was 46.3%, a 78.9% decline from 2021.
• Equinor average operating margin for 2021 was 25.88%, a 12423.81% 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.