Exxon to exit U.S. retail gas business
Monday, June 16, 2008 : PermalinkReuters- Exxon Mobil Corp said it is getting out of the retail gas business in the United States as sky-high crude oil prices squeeze margins.
Those branded service stations may be the most public aspect of Exxon’s business, but they account for a small part of the company’s profits.
Out of the roughly 12,000 Exxon Mobil branded stations in the United States, Exxon, the world’s largest publicly-traded oil company, owns about 2,220.
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