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Hess Closing Its Gas Stations

The company will instead focus on oil production and exploration.

 

 

Hess has announced it's closing its gas stations and will focus on “exploration and production,” according to media sources on Monday.

Recently, Elliott Management, one of the company’s largest shareholders, "accused the board of ‘poor oversight,’ and said that the company’s management was responsible for more than a ‘decade of failures,’” reported the Associated Press.

Hess will close its gas stations, including the station on Centre Street, as well as the one on Washington Street, and focus on other parts of the business, including oil exploration and production. Many of the stations are owned by Hess rather than franchises, reported AP.

Related Topics: Hess Gas Stations Closing

Gary Chase

8:17 am on Tuesday, March 5, 2013

Oh No! I'm a loyal customer (well, unless the BP is cheaper that day.) They do usually have among the lowest gas prices in the city....I hope another chain buys up those stations....competition is really good to hold down prices.

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