Hess Closing Its Gas Stations
The company will instead focus on oil production and exploration.
Hess has announced it's closing its gas stations and will focus on “exploration and production,” according to media sources on Monday. Somerville has a Hess gas station on McGrath Highway, across from Foss Park. Recently, Elliott Management, one of the company’s largest shareholders, "accused the board of ‘poor oversight,’ and said that the company’s management was responsible for more than a ‘decade of failures,’” reported the Associated Press. Hess will close its gas stations and focus on other parts of the business, including oil exploration and production. Many of the stations are owned by Hess rather than franchises, reported AP.
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AHM
7:27 pm on Monday, March 4, 2013
Hard to believe, there are a heck of a lot of these all the way to Florida. I remember when the McGrath one was a Merit station and you got waited on and windshield cleaned and oil in bottles and they were dressed in red outfits. Things have changed. more ›