Are Hess Gas Stations Still In Business 2024 In. Hess sold its gas station network to marathon petroleum (which operates under the retail brand speedway) and sold its wholesale and retail oil, natural gas and electricity. The transaction has been unanimously approved by the boards of directors of both companies and is expected to close in the first half of 2024.

For $53 billion, a deal aimed at boosting production growth as the us oil industry bets on an enduring future for fossil fuels. Hess sold its gas station network to marathon petroleum (which operates under the retail brand speedway) and sold its wholesale and retail oil, natural gas and electricity.