Chord Energy Corp (CHRD)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,273,180 | 1,583,790 | 809,444 | -90,175 | 119,012 |
| Revenue | US$ in thousands | 3,865,450 | 4,141,210 | 1,771,930 | 1,895,380 | 2,177,600 |
| Operating profit margin | 32.94% | 38.24% | 45.68% | -4.76% | 5.47% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,273,180K ÷ $3,865,450K
= 32.94%
The operating profit margin for Chord Energy Corp has exhibited some fluctuation over the past three years. In 2021, the operating profit margin was 37.13%, showing a strong performance. However, there was a decrease in 2022 to 43.30%, indicating a potential decrease in efficiency or an increase in operating expenses relative to sales. The latest year, 2023, shows a further decline in the operating profit margin to 32.74%, which suggests that the company may be facing challenges in managing its operating costs relative to its revenue generation. It is important for Chord Energy Corp to closely monitor and assess its operating expenses to improve its operating profit margin in the future.
Peer comparison
Dec 31, 2023