• Schlumberger average operating margin for 2023 was 16.1%, a 18.12% increase from 2022.
• Schlumberger average operating margin for 2022 was 13.63%, a 35.49% increase from 2021.
• Schlumberger average operating margin for 2021 was 10.06%, a 18.91% 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.