Saturday, May 17, 2025

Hess Corporation Sells Indonesian Assets for $1.3 Billion as Right-Sizing Project Continues

Hess Corporation (ticker: HES) is a leading global independent energy company engaged in the global exploration and production of crude oil and natural gas.  The company is currently shedding assets in 2013 to become a pure-play E&P company. On December 2, 2013, Hess Corp. announced the sale of its Pangkah and Natuna A assets offshore Indonesia for a total after-tax