Exxon Mobil’s profit declined in its first quarter as natural gas prices fell and industry refining margins dropped

Shares of Chevron Corp. pulled back Friday, putting them on track for their first loss in eight sessions, after the oil giant reported first-quarter profit and revenue that fell, amid a sharp drop in natural-gas prices,

ExxonMobil and Chevron reported double-digit falls in first-quarter profits on Friday in a sign that two years of bumper earnings driven by Russia’s full-scale invasion of Ukraine in 2022 may be coming to an end.