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Exxon Mobil to exit retail gasoline business

Discussion in '2008 Archive' started by KenH, Jun 13, 2008.

  1. KenH

    KenH Active Member

    May 18, 2002
    Likes Received:
    Exxon to exit retail gas business: reports

    Thu Jun 12, 2008 9:55pm BST

    NEW YORK (Reuters) - Exxon is getting out of retail gas business, according to the Dallas Morning News and Fox Business News.

    Exxon was not immediately available to comment on the news.

    The Dallas Morning News reported Exxon said it will sell the 2,220 service stations it still owns across the United States. There are 12,000 Exxon Mobil branded stations, the majority of which are already owned by families or companies outside of Exxon.

    - http://uk.reuters.com/article/pressReleases/idUKN1248232220080612
  2. rbell

    rbell Active Member

    Jan 16, 2006
    Likes Received:
    Every exxon gas station I see (that is close to other stations) is always at least a nickel more than its competitors. One near my home is 8-9 cents/gallon more than the place across the street.

    Small wonder they're getting out.