Oil company ExxonMobil reports record profits of $11.4bn

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The energy giant says the profits came despite paying about $200m (£160m) in windfall taxes in Europe.

Oil giant ExxonMobil's profits more than doubled in the first three months of this year, helped by the increased demand for oil and gas.The jump came despite falling oil prices and a $200m hit from windfall taxes the company paid in Europe.It made nearly $6.

6bn between January and March, up 5% from the same time a year ago. It also paid a $130m "energy profits levy" or windfall tax in the UK.Like other big energy companies Exxon has faced criticism about how much it has returned to shareholders off the back of high oil and gas prices.

 

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