• Hess average ebitda margin for 2023 was 48.02%, a 1.13% increase from 2022.
• Hess average ebitda margin for 2022 was 48.57%, a 7.05% decline from 2021.
• Hess average ebitda margin for 2021 was 45.37%, a 1388.92% increase from 2020.

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