Business is booming for two biggest US oil companies, with both benefiting from higher prices and record production

ExxonMobil and Chevron reported better than expected quarterly results on Friday as the oil majors benefited from higher prices and record production.

The boon for oil companies has simultaneously been a major pain point for consumers, who say the higher cost of living, especially gas prices, will affect how they vote in the upcoming midterm elections that will determine control of Congress.