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Selling its gas stations
www.cnn.com
ExxonMobil to sell 2,220 gas stationsStory Highlights
Oil giant ridding itself of company-owned stations, citing poor profits
Firm feels pressure from big stores like Wal-Mart that sell gas, spokesman says
California, New York have the most stations, with 200 eachCNN
(CNN) -- Oil giant Exxon Mobil Corp. plans to sell its company-owned gas stations, saying they aren't profitable enough even with gasoline selling at $4 per gallon.
The 2,220 stations make up about 1/5 of the Exxon and Mobil stations in the United States.
The nation's largest oil company, which earned nearly $41 billion last year, says it will sell more than 2,000 stations over the next few years.
www.cnn.com
ExxonMobil to sell 2,220 gas stationsStory Highlights
Oil giant ridding itself of company-owned stations, citing poor profits
Firm feels pressure from big stores like Wal-Mart that sell gas, spokesman says
California, New York have the most stations, with 200 eachCNN
(CNN) -- Oil giant Exxon Mobil Corp. plans to sell its company-owned gas stations, saying they aren't profitable enough even with gasoline selling at $4 per gallon.
The 2,220 stations make up about 1/5 of the Exxon and Mobil stations in the United States.
The nation's largest oil company, which earned nearly $41 billion last year, says it will sell more than 2,000 stations over the next few years.