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>> PHILLIPS 66 Latest News

JAN 29, 2013 - TheStreet

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Dicker: Noble Beats Hess in Crude Game

NEW YORK (TheStreet) -- The Hess story sounds complicated: They're selling their refining assets, they've received overtures from Super-investor Paul Singer for $800 million in shares and board seats and they've orchestrated one of the greatest stock-price rallies in the oil patch, jumping almost $20 a share since early December. But the single takeaway from the Hess story is far more simple: Smart oil companies are concentrating solely on growing their production of crude oil. The Hess refining assets have been such a strong component of its corporate structure that it's difficult to ... Read More

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