Tag Archives: sale of retail business

Hess announces sale of retail business to Marathon Petroleum Corporation for $2.6 billion

Hess Corporation (NYSE:HES) announced on May 22, 2014 that it has agreed to sell its retail business to Marathon Petroleum Corporation for a total cash consideration of $2.6 billion. Hess Retail is the largest chain of company-operated gas stations and convenience stores along the East Coast with 1,342 locations. by