• Chesapeake Energy average operating margin for 2023 was 42.03%, a 118.91% decline from 2022.
• Chesapeake Energy average operating margin for 2022 was 19.2%, a 478.7% increase from 2021.
• Chesapeake Energy average operating margin for 2021 was -5.07%, a 96.22% decline 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.