eh?

Exxon Mobile: Do Record-Breaking Earnings Guarantee Higher Stock Prices?

um, isn't this because oil stocks are valued by the market more on the basis of booked barrels, and XOM announced it was producing more than its had in reserve and that the outlook in terms of adding reserves was down each of the quarters mentioned.

afterwards, the price of oil went up, so even though XOM had fewer barrels in reserve, its value went up with it. this should have a doubling effect should the price of oil go down considerably.