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Replies to post #15522 on The Rising Influence of Rising Affluence
DewDiligence
10/24/17 11:47 AM
#15525 RE: DewDiligence #15522
Hess Corporation today announced several additional steps in the continued execution of its strategic plan to further focus the company’s portfolio and allocate capital to higher return assets: • An agreement to sell its oil and gas interests in Norway for total proceeds of $2 billion • Commencement of a process to sell its interests in Denmark • Implementation of a cost reduction program expected to deliver annual cost savings of more than $150 million starting in 2019