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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.

Major energy companies have reported a surge in profits in the first three months of the year as oil prices have rallied.

(Image credit: Spencer Platt/Getty Images)

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