A significant decline in natural gas prices from a year ago was the reason

lower first quarter earnings that U.S. and European oil corporations released on Friday.

Oil and gas companies' 2022 record highs, which were driven by a rise in demand after the COVID-19

Russia's invasion of Ukraine, are still being surpassed by worse results today.

In the United States, Chevron (CVX.N) opened a new tab that topped expectations with

but Exxon Mobil (XOM.N) missed Wall Street profit projections on fuel derivatives.