Thread regarding ExxonMobil (XOM) stock

Oil shortage and the stock still drops

You'd think with gas prices where they are and talk of supply problems everywhere, Exxon would be unstoppable. But every time oil jumps, the stock barely moves. Then a ceasefire rumor comes along and it drops like a rock. I don't get it. Shortage is supposed to be good for them, right? Instead I'm watching the price drift while everyone argues about whether the next war is priced in or not. Maybe the easy money already happened. Maybe I missed it. Either way, I'm holding something that should be soaring and it's just sitting there.

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