• Hess average operating margin for 2023 was 30.1%, a 7.95% increase from 2022.
• Hess average operating margin for 2022 was 32.7%, a 80.46% decline from 2021.
• Hess average operating margin for 2021 was 18.12%, a 141.34% 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.