You don't "turn" it into energy; petroleum HAS stored energy (chemical energy).However, you can turn it into ANOTHER TYPE OF ENERGY; usually this is done by burning the petroleum, and using it to drive machinery.
Since burning fuels is wasteful (the efficiency is limited, in theory, to the Carnot efficiency of a heat engine), other options are being explored, such as chemical reactions in a fuel cell. But such technology is not yet used on a large scale.
Answer:
Energy is released in this reaction possibly in the form of heat thus it is an exergonic and or exothermic reaction.
