The VIC/P79 permit covers approximately 2,575km² in the shallow waters of the Otway Basin in Victoria, Australia.

These oil stocks can cash in on higher prices while still thriving at lower levels.

Oil is hovering near $100 a barrel, and the biggest U.S. energy producers could be set up for a much better earnings backdrop ...

ConocoPhillips and Exxon Mobil Corp. were among oil companies that snapped up drilling leases in northern Alaska’s mammoth ...

NEW YORK (AP) — Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs, as part of broader efforts from the company to cut costs. Healey ...

CNBC's Jim Cramer suggested on Wednesday that the recent decline in major energy stocks despite Middle East tensions is a ...

Sept. 4 (UPI) --Oil giant ConocoPhillips announced Thursday that it will lay off about 25% of its workforce globally as part of a restructuring effort. Dennis Nuss, ConocoPhillips' director of media ...

These top oil stocks don't need high oil prices to thrive.

ConocoPhillips to lay off 20–25% of staff Cuts impact 2,600–3,250 workers worldwide by 2025 CEO cites rising costs, need for fewer roles Shares fall 4% following announcement Oil giant ConocoPhillips ...