Hess Closing Its Gas Stations
The company will instead focus on oil production and exploration.
UPDATE: A Hess spokesperson says previous reports are not true and that stations will not be closing.
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 stations on North and Derby streets in Salem, 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.
gene
3:34 pm on Monday, March 4, 2013
Someone else will swoop in and buy them.
joseph l
8:20 am on Tuesday, March 5, 2013
I work for Hess here in NY, and just found out this morning from customers. Its ashame they could not better prepare employees. Now we are still in the dark as to when the closings will happen. what a way to do business. This explains why had they not take so many trips and not paying their employees a living wage and better benefits.
ramona
3:56 pm on Monday, March 4, 2013
Its sad that gas up to make the big guns richer and the little people poorer,and no one cares,
Bill
4:15 pm on Monday, March 4, 2013
Bush's fault
Jared Robinson
4:23 pm on Monday, March 4, 2013
aww crap. They're the only big-name I go to. They're consistently less expensive than all the others.
john
4:57 pm on Monday, March 4, 2013
It appears they are US owned and I would imagine they are going to focus on hatural gas exploration and development. A recent report has shown that much of the world is using less oil and that oil has peaked as being the prefered fuel. Natrural gas has dropped steadely while more and more is found. Hess maybe is saying these gas stations are not worth the effort. I heat my house with gas and pay a fraction of what my neighbor pays for oil. Heat,hot water,stove and dryer has not been more than $190 a month this winter.
Edward
6:27 pm on Monday, March 4, 2013
Gulf would seem like a logical buyer since Hess' locations (most of them) also have convenience stores.
Joseph Edwards
9:36 pm on Monday, March 4, 2013
I would much rather see something other than a gas station on the water side of Derby Street. The days of such businesses in the middle of the city have past. Years ago there were five gas stations from Lafayette to Wharf Street. Let this one pass into the night also.
Ivan Putsky
10:50 pm on Monday, March 4, 2013
Hess is owned by the Russians. Not even an American company
Diane H
10:48 am on Tuesday, March 5, 2013
hmmmm, maybe Prime will buy one of the locations and close the traffic nightmare location on Lafayette???? Just a thought!