Why Exxon wont produce more

The effect of information on the share price. Why share price will not fall?
Last year, Exxon led the industry with a return on capital of 32%
Big oil companies can continually miss their targets or even target no growth and still shine on Wall Street due to the peculiar nature of commodity businesses.

Less supply of a commodity means higher prices.
Higher oil prices mean more profits for the oil companies. Exxon shares have risen 21% in the past year—and even closed a bit higher on Mar. 5, the day of its analysts meeting.