July 31 (Reuters) - Oil and gas producer Hess Corp said its quarterly profit more than doubled as oil and gas prices rose.
Net income rose to $1.43 billion, or $4.16 per share, in the second quarter from $549 million, or $1.61 per share, a year earlier.
Hess said on Tuesday that British utility Centrica Plc would buy its energy marketing unit for about $1.03 billion.
The company said in March that it would sell its retail gasoline and its marketing and trading businesses after activist investor Elliott Management began a campaign in January to break up the company.
Copyright 2017 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you