Phillips 66 Operating Margin 2010-2025 | PSX
- Phillips 66 average operating margin for 2024 was 3.03%, a 57.26% decline from 2023.
- Phillips 66 average operating margin for 2023 was 7.09%, a 62.99% decline from 2022.
- Phillips 66 average operating margin for 2022 was 4.35%, a 229.85% increase 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.