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Stock Market & Financial Investment News

News Breaks
October 16, 2012
13:21 EDTHES, MUR, COP, PSXHess trades higher after Murphy Oil spin-off news
Hess (HES) is trading up almost 4% in mid-day trading after industry peer Murphy Oil (MUR) announced it will unlock value by spinning off its U.S. fuel making business into a new company. Conoco-Phillips (COP) implemented a similar strategy earlier this year when it spun-off its fuels, petrochemicals and pipeline businesses into Phillips 66 (PSX). Hess, another integrated oil company, operates in two segments: exploration and production, and marketing and refining, making it a potential candidate for a spin off. On September 11, "Mad Money " host Jim Cramer referenced Hess on his show, noting that Hess' exploration and production side of the business is seen as unfocused. At mid-day, Hess is trading up 2.00, or 3.78%, to $54.94.
News For HES;MUR;COP;PSX From The Last 14 Days
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August 29, 2014
06:38 EDTCOP, PSXRising oil supplies pressuring prices, NY Times says
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August 27, 2014
09:51 EDTCOPConocoPhillips management to meet with Oppenheimer
Meeting to be held in New York on September 3 hosted by Oppenheimer.

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