• Hess average operating margin for 2024 was 35.2%, a 16.94% decline from 2023.
• 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.

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.