“By closing the Port Reading refinery and selling our terminal network, Hess will complete its transformation from an integrated oil and gas company to one that is predominantly an exploration and production company and be able to redeploy substantial additional capital to fund its future growth opportunities,” said John Hess, Chairman and CEO.Hess has retained Goldman, Sachs & Company as its financial advisor for the divestiture of the terminal network.
Hess To Pursue Sale Of Terminal Network And Exit Refining Business
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