Hess 2012 Profits Rise Year-over-Year; Refining Exit Approaches

摘要

Hess Corp. announced January 30 that its 2012 net profits rose to US$2.2 billion, up from $1.7 billion in 2011. The company is also exiting the refining business by shutting down its 70,000 barrel-per-day Port Reading, N.J., refinery at end-February 2013, as previously announced. The company's refining and marketing segment 2012 profits rose to $231 million, up from a $584 million loss in 2011, according to Hess.