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Divestment Part of Strategy to Focus Portfolio on Higher Return Assets
“This sale is a further step in our strategy to focus our portfolio by
investing in higher return assets and divesting more mature, higher cost
assets,” CEO
During the first half of 2017, net production from the company’s assets
in
The sale is expected to close before year end 2017.
Cautionary Statements
This news release contains projections and other forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
projections and statements reflect the company’s current views with
respect to future events and financial performance. No assurances can be
given, however, that these events will occur or that these projections
will be achieved, and actual results could differ materially from those
projected as a result of certain risk factors. A discussion of these
risk factors is included in the company’s periodic reports filed with
the
View source version on businesswire.com: http://www.businesswire.com/news/home/20171023006461/en/
Source:
Hess Corporation
Investor:
Jay Wilson, (212) 536-8940
jrwilson@hess.com
or
Media:
Lorrie
Hecker, (212) 536-8250
lhecker@hess.com