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WEKU
WEKU
National
Brittany Cronin

The good times are rolling for Big Oil. 3 things to know about their surging profits

A sign for an Exxon-branded gas station stands in Brooklyn, New York, on Oct. 28, 2016. Oil companies enjoyed a surge in profits in the first three months of 2022. (Spencer Platt / Getty Images)

It's a good time to be an oil company – and an even better time to be an oil investor.

Over the past couple of weeks, Big Oil companies have reported a surge in profits for the first three months of the year. In fact, earnings would have been even bigger had they not booked charges from exiting Russia.

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