Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 23.01% is in line with its 5-year average of 21.88%, around the middle of its 5-year range (7.17%–45.41%).
23.47% above its 12-month average of 18.64%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 45.41%.
OPERATING MARGIN
23.01%
OPERATING MARGIN AVG TTM
18.64%
OPERATING MARGIN AVG 3Y
19.76%
OPERATING MARGIN AVG 5Y
21.88%
OPERATING MARGIN AVG 10Y
16.91%
OPERATING MARGIN AVG 15Y
18.65%
OPERATING MARGIN AVG 20Y
25.72%
CURRENT VS TTM AVG
+23.47%
CURRENT VS 3Y AVG
+16.47%
CURRENT VS 5Y AVG
+5.17%
CURRENT VS 10Y AVG
+36.11%
CURRENT VS 15Y AVG
+23.38%
CURRENT VS 20Y AVG
-10.53%
SECTOR MEDIAN · ENERGY
18.52%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+24.28%
vs the sector median at left
Occidental Petroleum Corporation
Market Cap
$62.79B
Operating Margin
23.01%
TTM Avg
18.64%
3Y Avg
19.76%
5Y Avg
21.88%
Market Cap
$63.38B
Operating Margin
46.09%
TTM Avg
43.13%
3Y Avg
42.95%
5Y Avg
43.43%
Market Cap
$61.52B
Operating Margin
23.13%
TTM Avg
18.91%
3Y Avg
15.82%
5Y Avg
14.84%
Market Cap
$59.10B
Operating Margin
27.68%
TTM Avg
36.30%
3Y Avg
48.86%
5Y Avg
10.01%
Market Cap
$68.61B
Operating Margin
29.04%
TTM Avg
28.73%
3Y Avg
26.70%
5Y Avg
27.54%
Market Cap
$56.10B
Operating Margin
12.92%
TTM Avg
12.49%
3Y Avg
11.06%
5Y Avg
8.98%
Market Cap
$55.95B
Operating Margin
23.86%
TTM Avg
24.34%
3Y Avg
30.59%
5Y Avg
24.82%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Occidental Petroleum Corporation (OXY) | $62.79B | 23.01% | 18.64% | 19.76% | 21.88% |
| TC Energy Corporation (TRP)vs › | $63.38B | 46.09% | 43.13% | 42.95% | 43.43% |
| Targa Resources Corp. (TRGP)vs › | $61.52B | 23.13% | 18.91% | 15.82% | 14.84% |
| ONEOK, Inc. (OKE)vs › | $60.72B | 18.48% | 21.96% | 20.06% | 19.87% |
| MPLX Lp (MPLX)vs › | $59.74B | 42.91% | 44.40% | 45.59% | 37.76% |
| Diamondback Energy, Inc. (FANG)vs › | $59.10B | 27.68% | 36.30% | 48.86% | 10.01% |
| Kinder Morgan, Inc. (KMI)vs › | $68.61B | 29.04% | 28.73% | 26.70% | 27.54% |
| Baker Hughes Company (BKR)vs › | $56.10B | 12.92% | 12.49% | 11.06% | 8.98% |
| Devon Energy Corporation (DVN)vs › | $55.95B | 23.86% | 24.34% | 30.59% | 24.82% |
| Energy Transfer LP (ET)vs › | $73.74B | 10.60% | 11.23% | 10.41% | 10.39% |
Gross Margin
33.8%
Operating Margin
23.0%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 45.41% |
| 2026-03-31 | 7.17% |
| 2025-12-31 | 9.32% |
| 2025-09-30 | 17.72% |
| 2025-06-30 | 13.57% |
| 2025-03-31 | 21.71% |
| 2024-12-31 | 19.66% |
| 2024-09-30 | 24.59% |
| 2024-06-30 | 24.07% |
| 2024-03-31 | 19.44% |
| 2023-12-31 | 20.43% |
| 2023-09-30 | 24.82% |
| 2023-06-30 | 21.99% |
| 2023-03-31 | 24.33% |
| 2022-12-31 | 29.60% |
| 2022-09-30 | 37.82% |
| 2022-06-30 | 42.52% |
| 2022-03-31 | 35.01% |
| 2021-12-31 | 28.50% |
| 2021-09-30 | 23.85% |
| 2021-06-30 | 12.08% |
| 2021-03-31 | 1.39% |
| 2020-12-31 | -0.46% |
| 2020-09-30 | -11.33% |
| 2020-06-30 | -31.16% |
| 2020-03-31 | -8.00% |
| 2019-12-31 | -27.54% |
| 2019-09-30 | 12.29% |
| 2019-06-30 | 8.24% |
| 2019-03-31 | 21.06% |
| 2018-12-31 | 22.95% |
| 2018-09-30 | 34.88% |
| 2018-06-30 | 28.69% |
| 2018-03-31 | 28.24% |
| 2017-12-31 | 13.84% |
| 2017-09-30 | 6.66% |
| 2017-06-30 | 4.62% |
| 2017-03-31 | 7.67% |
| 2016-12-31 | -1.31% |
| 2016-09-30 | -4.96% |
| 2016-06-30 | -8.77% |
| 2016-03-31 | -29.02% |
| 2015-12-31 | -7.38% |
| 2015-09-30 | 6.55% |
| 2015-06-30 | 11.79% |
| 2015-03-31 | 2.49% |
| 2014-12-31 | -36.94% |
| 2014-09-30 | 34.01% |
| 2014-06-30 | 35.18% |
| 2014-03-31 | 37.36% |
| 2013-12-31 | 34.01% |
| 2013-09-30 | 39.11% |
| 2013-06-30 | 33.76% |
| 2013-03-31 | 35.87% |
| 2012-12-31 | 37.50% |
| 2012-09-30 | 36.11% |
| 2012-06-30 | 36.58% |
| 2012-03-31 | 41.67% |
| 2011-12-31 | 41.87% |
| 2011-09-30 | 44.86% |
| 2011-06-30 | 46.02% |
| 2011-03-31 | 44.08% |
| 2010-12-31 | 46.45% |
| 2010-09-30 | 42.68% |
| 2010-06-30 | 39.87% |
| 2010-03-31 | 37.91% |
| 2009-12-31 | 38.65% |
| 2009-09-30 | 35.19% |
| 2009-06-30 | 30.55% |
| 2009-03-31 | 19.53% |
| 2008-12-31 | 31.02% |
| 2008-09-30 | 53.31% |
| 2008-06-30 | 55.06% |
| 2008-03-31 | 52.06% |
| 2007-12-31 | 55.20% |
| 2007-09-30 | 41.38% |
| 2007-06-30 | 38.97% |
| 2007-03-31 | 36.64% |
| 2006-12-31 | 40.88% |
| 2006-09-30 | 43.39% |
| 2006-06-30 | 43.98% |
| 2006-03-31 | 46.30% |
| 2005-12-31 | 39.24% |
| 2005-09-30 | 49.01% |
| 2005-06-30 | 41.47% |
| 2005-03-31 | 44.19% |
| 2004-12-31 | 35.27% |
| 2004-09-30 | 43.96% |
| 2004-06-30 | 37.44% |
| 2004-03-31 | 35.23% |
| 2003-12-31 | 28.63% |
| 2003-09-30 | 34.65% |
| 2003-06-30 | 32.49% |
| 2003-03-31 | 37.09% |
| 2002-12-31 | 29.37% |
| 2002-09-30 | 30.67% |
