3-4-13 9:42 AM EST
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SAN FRANCISCO (MarketWatch) -- Hess Corp. HES was the top gainer in the S&P 500 on Monday as the company mapped out its way to become a pure play in exploration and production, saying it will sell "downstream" businesses including retail, energy marketing, and energy trading. Shares of Hess gained 4.5%. The company also said it will sell assets in Indonesia and Thailand, announced a share buyback plan of up to $4 billion, and an increase in its annual dividend to $1 a share starting in the third quarter. Most energy stocks were in the red on Monday, hand in hand with the broader U.S. equity market.
Copyright 2013 MarketWatch
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