• Imperial Oil average operating margin for 2023 was 13.92%, a 3.96% decline from 2022.
• Imperial Oil average operating margin for 2022 was 13.39%, a 1840.58% increase from 2021.
• Imperial Oil average operating margin for 2021 was 0.69%, a 131.8% 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.