• Murphy USA average operating margin for 2023 was 3.79%, a 4.77% decline from 2022.
• Murphy USA average operating margin for 2022 was 3.98%, a 6.7% decline from 2021.
• Murphy USA average operating margin for 2021 was 3.73%, a 10.34% 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.