Hess Closing Its Gas Stations

Hess has announced it's closing its gas stations and will focus on “exploration and production,” according to media sources on Monday.

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, including the station on Centre Street, as well as the one on Washington Street, 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.