Oil

Exxon is pushing for the U.S. to end restrictions on exporting oil, as the oil giant releases its energy outlook that projects rising supplies.

Thanks to booming shale plays, the U.S. is on track to leapfrog Saudi Arabia and Russia to become the world’s largest oil producer sooner than expected.

OPEC said the boom in U.S. shale oil production could soften demand for the cartel’s oil, but its head later suggested it will run out of steam.

ConocoPhillips recorded a third-quarter profit that jumped 38%, as asset sales boosted the exploration and production firm’s bottom line.

ExxonMobil’s third-quarter profit slipped 18% amid weaker refining margins that overshadowed exploration and production growth.

Valero Energy's its third-quarter profit fell 54%, as weaker refining margins and higher costs overshadowed revenue growth.

Occidental Petroleum plans to shed some of its assets and reduce its stake in Plains All-American Pipeline, taking its first steps as part of a strategic review.

Schlumberger revealed a 20% jump in its third-quarter profit, as the world's largest oil field services company saw improved revenue across the board.

Forest Oil shares dropped on Friday after the producer of oil and natural gas announced a deal to sell its Texas Panhandle assets for $1 billion.

The U.S. is on pace to top Russia as the world’s largest producer of oil and natural gas, another sign of the shale boom’s ripple effect on global energy markets.

Chesapeake's new chief executive Doug Lawler continues to make his mark on the natural gas company, announcing several changes to its executive team.

The increase in shale production at inland basins has mitigated the impact of hurricanes on overall oil production.

Chesapeake Energy reportedly appears ready to drop its effort to hold onto natural gas drilling leases in New York amid a fracking ban in the state.

EOG Resources shares rallied 3.8% after the oil and natural gas producer reported a big earnings beat on improved shale performance.

Along with the U.S. shale oil boom came a surge in crude shipments sent by rail, truck and barge, while sufficient pipeline capacity is on the horizon.

Hess reported a second-quarter profit that more than doubled, after the oil and gas company sold its stake in a Russian unit.

The U.S. energy company signed a production-sharing contract with China National Petroleum Corp., marking China's first joint agreement to develop a shale oil block.

Phillips 66 Partners made its NYSE debut on Tuesday and saw its shares rally 30% above the IPO price.

The cartel may move to slash its oil production for the first time in five years when it meets in December, responding to the surge in U.S. shale oil.

The nation's second-largest gas producer agreed to sell some assets in the Northern Eagle Ford Shale and Haynesville Shale to an Exco Resources unit.