About the Author

Stephanie Cohen

New Atlantis blogger Stephanie Cohen is a journalist who covers energy and environmental issues for a wide range of print and online publications. She can be reached at scohen@thenewatlantis.com.
 READ MORE

 

RSS Feed

RSS 2.0 RSS 2.0

Stephanie Cohenís Latest New Atlantis Articles

 Energy Incrementalism” (Spring 2006)

 Energy Dreams and Energy Realities” (Spring 2004)

 

 More on Stephanie Cohen

Power Politics

Friday, June 13, 2008

Exxon to give up selling gas 

With the price at the pump around $4 per gallon, why is Exxon getting out of the business of selling gas? The company says it’s just not profitable enough any more.

From the Associated Press:

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.

posted by Stephanie Cohen | 11:02 pm
File As: Business of Energy