Hess Still Exploring Options For Stores
Hess Corporation is continuing to look at a range of possible options for its convenience stores in the Binghamton area and in many other markets in the eastern United States.
Some customers of a Hess Express store on Binghamton’s West Side were wondering whether operational changes were about to occur there after they noticed work crews around gasoline pumps in recent days.
No gasoline sales were made at that location while the work was underway.
It turned out to be a routine project and had nothing to do with Hess Corporation’s recent announcement about a divestiture of its retail stores.
The New Jersey-based company in March indicated it intended to get out of the retail end of the business.
Hess spokesman Dennis Moynihan told WNBF News the companyis reviewing options that could involve a joint venture, a sale or a spin-off of retail store operations.
Moynihan said all of the stores owned by Hess are continuing to operate as usual. There’s no word as to when the company will be prepared to announce a final plan for the retail locations.