Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 6.36% is 45% below its 5-year average of 11.63%, near the low end of its 5-year range (4.57%–18.99%).
As of the fiscal period ended Tuesday, March 31, 2026. 34.11% below its 12-month average of 9.65%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
6.36%
OPERATING MARGIN AVG TTM
9.65%
OPERATING MARGIN AVG 3Y
11.32%
OPERATING MARGIN AVG 5Y
10.81%
OPERATING MARGIN AVG 10Y
7.86%
OPERATING MARGIN AVG 15Y
8.47%
OPERATING MARGIN AVG 20Y
9.55%
CURRENT VS TTM AVG
-34.11%
CURRENT VS 3Y AVG
-43.87%
CURRENT VS 5Y AVG
-41.23%
CURRENT VS 10Y AVG
-19.12%
CURRENT VS 15Y AVG
-25.00%
CURRENT VS 20Y AVG
-33.47%
SECTOR MEDIAN · ENERGY
16.21%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-60.79%
vs the sector median at left
Exxon Mobil Corporation
Market Cap
$644.38B
Operating Margin
6.36%
TTM Avg
9.65%
3Y Avg
11.32%
5Y Avg
10.81%
Market Cap
$392.09B
Operating Margin
15.83%
TTM Avg
12.04%
3Y Avg
14.55%
5Y Avg
10.20%
Market Cap
$146.78B
Operating Margin
18.28%
TTM Avg
21.49%
3Y Avg
25.61%
5Y Avg
19.93%
Market Cap
$99.45B
Operating Margin
18.62%
TTM Avg
32.87%
3Y Avg
30.29%
5Y Avg
25.02%
Market Cap
$92.91B
Operating Margin
7.11%
TTM Avg
3.20%
3Y Avg
5.87%
5Y Avg
3.82%
Market Cap
$92.39B
Operating Margin
5.02%
TTM Avg
4.06%
3Y Avg
6.83%
5Y Avg
2.22%
Market Cap
$87.49B
Operating Margin
38.79%
TTM Avg
34.31%
3Y Avg
33.92%
5Y Avg
31.49%
Market Cap
$82.32B
Operating Margin
13.86%
TTM Avg
13.09%
3Y Avg
13.00%
5Y Avg
14.24%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Exxon Mobil Corporation (XOM) | $644.38B | 6.36% | 9.65% | 11.32% | 10.81% |
| Chevron Corporation (CVX)vs › | $392.09B | 15.83% | 12.04% | 14.55% | 10.20% |
| ConocoPhillips (COP)vs › | $146.78B | 18.28% | 21.49% | 25.61% | 19.93% |
| Canadian Natural Resources Limited (CNQ)vs › | $99.45B | 18.62% | 32.87% | 30.29% | 25.02% |
| Valero Energy Corporation (VLO)vs › | $92.91B | 7.11% | 3.20% | 5.87% | 3.82% |
| Marathon Petroleum Corporation (MPC)vs › | $92.39B | 5.02% | 4.06% | 6.83% | 2.22% |
| The Williams Companies, Inc. (WMB)vs › | $87.49B | 38.79% | 34.31% | 33.92% | 31.49% |
| Phillips 66 (PSX)vs › | $84.87B | 4.67% | 2.14% | 3.95% | 2.34% |
| Enterprise Products Partners L.P. (EPD)vs › | $82.32B | 13.86% | 13.09% | 13.00% | 14.24% |
| Eni S.p.A. (E)vs › | $80.49B | 5.36% | 8.46% | 10.75% | 10.27% |
Gross Margin
25.5%
Operating Margin
6.4%
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 |
|---|---|
| 2026-03-31 | 6.36% |
| 2025-12-31 | 7.50% |
| 2025-09-30 | 11.01% |
| 2025-06-30 | 11.21% |
| 2025-03-31 | 12.15% |
| 2024-12-31 | 9.59% |
| 2024-09-30 | 12.58% |
| 2024-06-30 | 12.11% |
| 2024-03-31 | 12.36% |
| 2023-12-31 | 10.35% |
| 2023-09-30 | 13.37% |
| 2023-06-30 | 12.32% |
| 2023-03-31 | 16.99% |
| 2022-12-31 | 18.12% |
| 2022-09-30 | 18.99% |
| 2022-06-30 | 18.72% |
| 2022-03-31 | 6.94% |
| 2021-12-31 | 10.32% |
| 2021-09-30 | 11.23% |
| 2021-06-30 | 7.47% |
| 2021-03-31 | 4.57% |
| 2020-12-31 | -58.40% |
| 2020-09-30 | -1.31% |
| 2020-06-30 | -4.28% |
| 2020-03-31 | -1.39% |
| 2019-12-31 | 4.24% |
| 2019-09-30 | 5.81% |
| 2019-06-30 | 5.28% |
| 2019-03-31 | 4.62% |
| 2018-12-31 | 7.37% |
| 2018-09-30 | 9.66% |
| 2018-06-30 | 6.89% |
| 2018-03-31 | 7.65% |
| 2017-12-31 | 3.93% |
| 2017-09-30 | 7.45% |
| 2017-06-30 | 4.79% |
| 2017-03-31 | 7.51% |
| 2016-12-31 | -3.13% |
| 2016-09-30 | 2.50% |
| 2016-06-30 | 2.02% |
| 2016-03-31 | 0.44% |
| 2015-12-31 | 0.99% |
| 2015-09-30 | 6.34% |
| 2015-06-30 | 6.01% |
| 2015-03-31 | 5.97% |
| 2014-12-31 | 6.66% |
| 2014-09-30 | 9.28% |
| 2014-06-30 | 8.25% |
| 2014-03-31 | 10.15% |
| 2013-12-31 | 9.17% |
| 2013-09-30 | 9.46% |
| 2013-06-30 | 8.96% |
| 2013-03-31 | 10.72% |
| 2012-12-31 | -0.12% |
| 2012-09-30 | 11.92% |
| 2012-06-30 | 10.31% |
| 2012-03-31 | 10.70% |
| 2011-12-31 | 11.28% |
| 2011-09-30 | 12.24% |
| 2011-06-30 | 19.35% |
| 2011-03-31 | 13.72% |
| 2010-12-31 | 11.78% |
| 2010-09-30 | 11.27% |
| 2010-06-30 | 11.64% |
| 2010-03-31 | 10.93% |
| 2009-12-31 | 8.95% |
| 2009-09-30 | 9.42% |
| 2009-06-30 | 10.56% |
| 2009-03-31 | 12.43% |
| 2008-12-31 | 24.95% |
| 2008-09-30 | 17.93% |
| 2008-06-30 | 16.32% |
| 2008-03-31 | 17.63% |
| 2007-12-31 | 24.69% |
| 2007-09-30 | 24.51% |
| 2007-06-30 | 18.52% |
| 2007-03-31 | 27.17% |
| 2006-12-31 | -8.50% |
| 2006-09-30 | 26.62% |
| 2006-06-30 | 27.04% |
| 2006-03-31 | 17.76% |
| 2005-12-31 | 26.17% |
| 2005-09-30 | 24.28% |
| 2005-06-30 | 23.39% |
| 2005-03-31 | 24.73% |
| 2004-12-31 | 25.09% |
| 2004-09-30 | 22.57% |
| 2004-06-30 | 22.90% |
| 2004-03-31 | 23.05% |
| 2003-12-31 | 23.93% |
| 2003-09-30 | 20.06% |
| 2003-06-30 | 22.42% |
| 2003-03-31 | 25.28% |
| 2002-12-31 | 20.83% |
| 2002-09-30 | 19.45% |
| 2002-06-30 | 19.76% |
