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This brand name is well suited to a business or technology company.
Oilcos has only six letters and only two syllables. Two syllable names make popular global brands. Examples of popular two syllable names include Apple, Pocket and Delta.
This domain was first registered in March 2000. Older domains have an advantage when ranking in search engines.
Oilcos.com is a .com domain. Dot com domains are the most valuable domain extension in the world, famously used by websites like youtube.com. Once secured, a .com all but guarantees no-one else can outrank you for your own name in the long run.
One suggestion for how this name could sound when used.