Hess Corporation (NYSE: HES – $72.55) announced it has entered into an agreement with Direct Energy, a North American subsidiary of UK’s Centrica plc, to sell its Energy Marketing business for $1.025 billion. The Energy Marketing business supplies natural gas and electricity to 23,000 commercial, industrial and small business customers in the eastern half of the United States. The transaction is part of the previously announced plan for Hess to exit its downstream businesses as it transforms into a pure play exploration and development company. The sale of Energy Marketing, along with the sale of four producing assets earlier this year, brings total year-to-date divestitures to $4.5 billion. Hess has used the proceeds from its previously completed asset sales to repay $2.4 billion of debt and further strengthen the company’s balance sheet for future growth. This transaction now puts the company in a position to begin repurchasing shares under its existing $4 billion share repurchase authorization. HES is up nearly 50% over the past year, but I believe there is still a decent amount of upside for the shares out to late decade, but only for those investors with a tolerance for risk should consider.