Why are oil stocks such *** exxon mobile whom reportly make billions doing so badly in market lately???

Companies like exxon mobil and, Shell Royal Dutch you would think thier stocks would be soaring recently lately their losing that does not make sense to me they gotta be making zillions?????Why are oil stocks such *** exxon mobile whom reportly make billions doing so badly in market lately???
1. Were in a bear market for STOCKS. Exxon Mobile is a stock.





2. Exxon Mobile spends BILLIONS of dollars looking for oil.





(Getting harder and harder to find)





Investors who actually bought the oil that was already found as in the oil ETF (uso) have made a fortune because no company had to go out and find that oil.





If you really want to know what's going on with oil, go read Matt Simmons book ';Twilight in the Desert';Why are oil stocks such *** exxon mobile whom reportly make billions doing so badly in market lately???
I think there are 4 main reasons:





1) the risk of idiot politicians pandering to the public by doing something bad to oil companies


2) the risk that oil prices may suddenly reverse and chop their profits


3) the fact that part of their business is the refining part which has not been very profitable compared to the other parts


4) the oil industry is a cyclic industry and the stock market is looking ahead, past the current peak in the cycle

lip plumper