The Rising Influence of Rising Affluence

[DewDiligence]

HES hasn’t yet committed to a spinoff of the retail business rather than a sale; from the 3Q13 CC:

http://seekingalpha.com/article/1787842-hess-management-discusses-q3-2013-results-earnings-call-transcript

Edward Westlake (Crédit Suisse): …Can you give us any updates on where you are in terms of the mechanics of the retail?

John Rielly (CFO): …we're doing a parallel process. We're going to go down the process of looking at a potential public market option, like you had mentioned, as well as go through an M&A process.