Replies to post #5696 on The Rising Influence of Rising Affluence

[DewDiligence]

Azerbaijan—and central Asia in general—is not one of the focal areas in HES’ new business plan.

I presume that $1B is a fair price for this transaction insofar as HES is under no undue pressure to sell non-core assets ASAP.

[DewDiligence]

HES continues monetization of non-core assets, selling North Sea assets to Shell for $525M:

http://finance.yahoo.com/news/hess-sell-beryl-assets-royal-060000479.html

HES has divested $2.4MB of assets in 2012 to date. These divestitures are consistent with the newfound corporate policy described in #msg-78327528.