drilling

Exxon Mobil, Chevron and ConocoPhillips are all trading near multi-year highs, and even BP shares have done well recently. Still, while the high oil prices that have been pinching consumers have been great for the industry, there are good reasons not to count on those high stock values lasting.

American companies have a golden opportunity to expand the country's top spot globally. Industry leaders meeting in New York laid out the huge opportunity but also warned that red tape and a relative scarcity of skilled personnel threaten to stifle efforts to build this clean-energy source.

BP (BP) warned that any legislation that stops it from drilling for oil in the Gulf of Mexico could prevent the oil giant from paying out compensation related to this year's oil spill. Congress is currently considering legislation that would bar any company from receiving offshore drilling...

BP (BP) decided not to bid for a license to drill for gas off the coast of Greenland, a move that government officials say could have been influenced by the company's safety record in the wake of the disaster in the Gulf of Mexico. Premier Kuupik Kleist said Wednesday that safety records are key...

Here's news from the business world and other money matters to watch out for Thursday (last updated at 7:30 a.m. Eastern time): Americans Owe Less Credit-Card Debt: Skittish consumers reduced their credit-card indebtedness sharply in the second quarter, credit-rating company TransUnion reported...

Halliburton shares climbed 2.8% in recent premarket trading after the oilfield services company said Monday its second-quarter net income climbed 83% to $480 million, or 53 cents a share, from $262 million, or 29 cents a share a year ago.

If you're putting off a trip to the dentist to avoid the dreaded drill, a new technique may eliminate your cavity without the need to open wide and cringe. A new peptide embedded in soft gel or thin film placed next to a cavity encourages cells inside teeth to regenerate in about a month,...

Canada was blasted at last year's Copenhagen conference for its lack of climate change initiatives and its oil sands, which contribute to Canada's greenhouse gas emissions, depletion of its vast boreal rain forest and high water usage. Now Lush Cosmetics has launched a campaign to ratchet...

An out-of-control rig fire off off the coast of Western Australia could prove a clarion call for the hazards of deep-sea drilling. Since Monday, a fire emanating from an oil and gas wellhead in the Montara Field has engulfed a drilling rig called West Atlas being used by Thai company PTTEP...

Exxon Mobil (XOM) is the beast of the global energy industry. It ranks No.1 in market cap among all companies traded on U.S. exchanges with a market value of $355 billion That is $125 billion ahead of Chinese oil giant PetroChina (PTR) and more than double the market cap of the next-largest...