Exxon getting out of retail gas business

Exxon getting out of retail gas business

Exxon Mobil is getting out of the retail gasoline business, a market where profits have gotten tougher because of high crude oil prices.

The world’s largest publicly traded oil company said Thursday it will sell its 820-company owned stations and another 1,400 outlets operated by dealers to gasoline distributors across the U.S.

The Irving-based company didn’t disclose financial details but said the transition will take place over a number of years.

Share this post