Shares of Hess (HES) - Get Hess Corporation (HES) Report have sunk more than 10% on Friday after the company said it will sell about $1.5 billion worth of its stock in an effort to raise cash.

The oil company has struggled, as have its peers, because of falling energy prices.

"This is what's going on in the patch. Everyone needs money," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.

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Oil companies that are faring well are set up to make money at their retail gas stations, he said.

"There are two companies that have done really well in the oil patch this year and ones that I'm not worried about: Chevron (CVX) - Get Chevron Corporation Report and ExxonMobil (XOM) - Get Exxon Mobil Corporation Report because they've got great retail distribution," Cramer said.

At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.