Hess Corp. agreed to sell its gasoline stations to Marathon Petroleum Corp. for $2.6 billion, the latest and largest in more than $12 billion of asset sales as the company focuses on producing oil and natural gas.

Hess found a buyer after filing paperwork in January to put the 1,342 stations along the U.S. East Coast into a separately traded public company. The deal is part of its effort to streamline operations following pressure from activist investor Paul Singer’s Elliott Management Corp. last year.

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