Published: Sep 27, 2025, 10:21 IST | Updated: Sep 27, 2025, 10:21 IST
US and European oil companies have reported weaker first quarter results due to a sharp drop in natural gas prices compared with a year ago. Results at oil and gas firms are retreating from record levels in 2022 that were boosted by a surge in demand after the covid-19 pandemic and a spike in prices after Russia invaded Ukraine.