ENI Leads Libya Oil Race, Rebels Warn Russia,China

Italian oil company Eni led the charge back into Libya on Monday as rebels swept into capital Tripoli, hailing the end of Muammar Gaddafi's rule and warning Russian and Chinese firms of contract revisions.

China's demand for W. African crude jumps -trade

China's buying of West African crude oil is set to rise about 15 percent in September from August, trade sources said on Friday, but overall Asian imports from West Africa will fall due to slower Indian demand.

Exxon profit up 41 percent, misses Street

Exxon Mobil Corp, the world's largest publicly traded oil company, reported a higher quarterly profit that missed Wall Street estimates as its international refining business and output fell short.

Exxon Earnings Miss; Profits Rise

Exxon reported second-quarter earnings before the market open Thursday and the company showed an increase due to higher oil prices but the number was below Wall Street's expectations.

Earnings Numbers Show Need for BP to Split

BP announced second quarter earnings of 5.3 billion on Tuesday, a stark contrast from last year's second quarter loss of $17.15 billion, behind profits from skyrocketing oil prices.

ConocoPhillips to split in two; shares rise

ConocoPhillips will spin off its refining arm in a bid to improve investment returns for shareholders, abandoning the bigger-is-better strategy that drove oil giants into mergers.

ConocoPhillips to split into two; shares rise

ConocoPhillips will spin off its refining arm in a bet that each operation will be worth more as separate companies, abandoning the bigger-is-better strategy that had driven oil giants into mergers over the past 15 years.

Top 10 Biggest Companies in US (PHOTOS)

Time Inc.'s Fortune magazine released its annual Fortune Global 500 list, which is a ranking of the top 500 corporations worldwide as measured by revenue. Start slideshow to view a gallery of the top 10 biggest companies in the US.

Natural gas drilling might disappoint investors: NYT

While natural gas companies like ConocoPhillips and Chesapeake Energy Corporation are making big bets on wells that are supposed to extract energy from shale formations, the New York Times reported that an investigation of e-mails and documents shows industry insiders have doubts as to whether the companies will be able to deliver on their promises to investors.

Sinopec, Australia Pacific in 20-yr LNG deal

China's Sinopec clinched the second-largest single Chinese liquefied natural gas deal, and ventured for the first time into a foreign unconventional gas asset to feed a domestic boom for the clean fuel.


BP, Total among winners of Angola deepwater blocks

BP, Total, Eni and other international majors were awarded concessions to explore in Angola's ultra-deep water blocks known as pre-salt blocks, Angola's state-owned oil firm Sonangol said on Monday.