Ahhhh, but Grasshopper! You have misunderstood what Jerry has conveyed in his words and actions---XOM is not the only focus (though the XOM theoretics as pointed out in JoeCrowe's post are enough to compel one to put a spacesuit on lay-a-way for that future trip to the moon!
). A myriad of changes within the industry on both a domestic and international scale have dictated that the company go back to the drawing board, as it is said, in an effort to effectuate an alternative approach to what was originally planned with regard to drilling.