Hess (HES) shareholders liked the company's sale of its Russian assets, pushing the stock to a...

|About: Hess Corporation (HES)|By:, SA News Editor

Hess (HES) shareholders liked the company's sale of its Russian assets, pushing the stock to a 52-week high. HES expects $1.8B in after-tax proceeds, well above what some analysts expected; Barclays had seen the assets fetching $800M-$1B. HES still plans to sell its U.S. oil storage terminals, oil fields in Indonesia and Thailand, its energy trading business and its network of gas stations.