I have really sensitive (and constantly broken out) skin too, and I live in Louisiana where there's at least 70% humidity all the time, so it seems like everyone's always oily. I was horrified by the idea of liquid foundation for that very reason, but I was visiting family 4 hours away one weekend and got home to find I'd left my MAC StudioFix there, and I had senior cap and gown pictures the next day. The nearest MAC store is like 2 hours away, so I ran to Ulta and one of the workers recommended the Stila Stay All Day foundation and concealer. (It's got a little concealer thing in the cap; it's adorable.) I've gotten so many compliments on how great my face looks (even from my mom, who always accuses me of not taking care of my skin; I do it's just naturally bad), and it actually does stay on all day (even through work at a cheer gym!). My only complaint is that the bottle is smaller than what I'm used to, so I'll have to buy more quicker. Still worth it though.
Other note: You obviously can't go wrong with MAC, but their liquid stuff hasn't been my favorite. I love their powder though. I had the Urban Decay Naked liquid foundation at one point too, and found it to be a bit chalky. I used BareMinerals a long time ago so it could be different now, but their stuff never seemed to stay on very long.