• Exxon average ebitda margin for 2023 was 23.62%, a 5.12% decline from 2022.
• Exxon average ebitda margin for 2022 was 22.47%, a 51.82% increase from 2021.
• Exxon average ebitda margin for 2021 was 14.8%, a 16.08% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.