Exxon to exit U.S. retail gas business

Exxon to exit U.S. retail gas business

www.reuters.com

NEW YORK (Reuters) - Exxon Mobil Corp said on Thursday 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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That's interesting... like milking us for every penny it can get is not profitable enough for them.

www.reuters.com
(visit the link for the full news article)