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Analyze the figure showing Net Profit Margin for CVX and XOM. Calculate the average for both companies. Briefly explain the ratio and interpret the values

Analyze the figure showing Net Profit Margin for CVX and XOM. Calculate the average for both companies. Briefly explain the ratio and interpret the values for the companies.

Net Profit Margin (NPM)

NPM CVX XOM
2019 2.0% 5.4%
2020 NMF NFM
2021 9.6% 8.1%
2022 14.4% 13.5%
2023 12.7% 11.0%
Average

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