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Hess Will Form Bakken-Focused MLP

The company expects to make an IPO of common units in the partnership in the first quarter of 2015, Bloomberg said.

Its adjusted profit and revenue topped analysts' estimates, and the energy company boosted its stock buyback program to $6.5 billion from $4 billion.

A New York-based oil company is giving $5 million to the University of North Dakota's College of Engineering and Mines.

The sale includes retail locations, transport operations and about 40,000 barrels per day on the Colonial Pipeline.

The Hess name will disappear from gas station signs, but the holidays will still see the popular Hess toy truck.

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