Only two things.
If there is no oil showing on the dipstick, there is not enough oil in the engine.
Or
The dipstick is not pushed all the way in place.
The oil is in the engine ... the dipstick for checking it is attached to the engine, either one side or the other or at the front.
Should be off for oil, on for transmission fluid check.
Find the transmission dipstick, which is usually brightly colored and toward the back of the engine. Remove the dipstick, being careful not to spill or drip any fluid. Wipe off the dipstick with a clean rag, just as you would do when checking the engine oil.
If the place where the dipstick for the oil is comes out of the engine it will cause an oil leak. The engine might not be able to build up enough pressure to keep running either on the 1984 Cutlass Supreme. It should be replaced.
Use a funnel to pour it down the ATF dipstick tube.
The transmission dipstick on a 1994 Pontiac Sunfire is located on the left side of the engine. It connects to the transmission via a long tube which also allows for adding transmission fluid.
The engine oil dipstick is right on top and in the center of the engine. The transmission dipstick is on the drivers side of the engine.
Checking and adding Tranny fluid.There is a dipstick for the transmission fluid on all automatic transmissions, which is separate from the engine oil dipstick. The tube the dipstick sits in is the only place where fluid can be added. You will probably need the funnel with the really long, skinny neck, to be able to get the fluid into the tube. Be careful not to overfill the transmission, and be sure that you have the right kind of transmission fluid. The automatic transmission fluid level should be checked with the engine running, the transmission in Park or Neutral, and on a level surface. DO NOT PUT ENGINE OIL IN THE AUTOMATIC TRANSMISSION!
Blow-by Engine showing signs of wear (rings) Try replacing PCV valve oil coming from dipstick ,means the engine is pressurizing .this is usually caused by a broken or stuck piston ring.this is a major repair
http://www.s2000.com/forums/engine-tech-drivetrain/2704-checking-oil.html Here you go!
Ok if its the one with a line of small type boxes in a line that comes on for a few secs just when you turn on the ignition, its the engine oil level. but please keep checking the dipstick as usual.
The engine should hold approximately 3.5 quarts of oil. Add 3 quarts then keep checking the dipstick until the engine shows full.