Hess Explores Sale of Interests in Russia
NEW YORK -- November 12, 2012
Hess Corporation (NYSE: HES) announced today that as part of the company’s
strategic reshaping of its portfolio it will pursue the sale of its Russian
subsidiary Samara-Nafta, which produces approximately 50,000 barrels of oil
equivalent per day in the Volga-Urals region. Hess has retained Goldman Sachs
as its financial adviser in connection with the potential sale.
Hess Corporation is a leading global independent energy company engaged in the
exploration for and production of crude oil and natural gas, as well as in
refining and in marketing refined petroleum products, natural gas and
electricity. More information on Hess Corporation is available at
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 Securities and Exchange Commission.
Jay Wilson, 212-536-8940
Jon Pepper, 212-536-8550
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