Operating Margins for Upstream Companies Rose

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Operating margin

The operating margin of the US-based (SPY) upstream companies rose by an average of 16%. The operating margin of ConocoPhillips and EOG Resources stood at 13% and 26%, respectively. The operating margin of Apache (APA) and COG stood at -22% and 2%, respectively. The metric is an important indicator of the financial health of a company.

Operating margin refers to the operating profit margin of a company. The operating margin of ConocoPhillips, Marathon Oil (MRO), and COG were at 17%, 14%, and 9%, respectively.