Hess Tightens Its Belt
In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman discuss an announcement by Hess to divest its retail arm, thereby completely exiting the downstream segment, and use the cash on some outstanding projects that will refocus the company entirely into an exploration and production company. Joel tells us what similar moves have looked like from other companies that have divested their downstream assets to refocus more on exploration and production, and gives investors an idea of what they can expect in terms of the company distributing some of the cash from this deal to shareholders.
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The article Hess Tightens Its Belt originally appeared on Fool.com.
Joel South and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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