ExxonMobil and Chevron beat earnings estimates due to high oil prices, a trend that boosts corporate profits while increasing consumer costs and influencing midterm election voting.
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Business is booming for two biggest US oil companies, with both benefiting from higher prices and record productionExxonMobil and Chevron both 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. Continue reading...
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