CHESTER, Va. -- Exxon Mobil Corp. is now one step closer to transitioning most of its company-owned operations to the distributor model—a goal the company announced last year. Kevin Allexon, spokesperson for ExxonMobil, confirmed for CSP Daily News that the company has reached an agreement with Southside Oil to sell its real-estate interests at all Exxon-branded retail stations located in Maryland and Delaware. More than 75% of ExxonMobil-branded stations in the United States are owned or supplied by independent distributors.
Although Allexon declined to comment on specifics of the deal, a Southside source confirmed the talks included 172 sites in Maryland and Delaware, but wasn't certain the deal was "100% done." The source, who wished not to be named, said, "Exxon made an announcement to its dealers that the stores have been sold to us, but there's still some final paperwork that needs to be done."
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WILMINGTON, Del. -- Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down in recent months, said the Associated Press. Valero Energy Corp., which shuttered a major refinery over the summer, said Friday it would permanently close its Delaware City oil refinery and layoff 550 workers. It is the largest U.S. refinery to close this year.
Recession dip turning around, travel association says
ORLANDO, Fla. -- AAA projected 38.4 million Americans will be traveling 50 miles or more away from home over the Thanksgiving holiday weekend; a 1.4% increase over last year when 37.8 million traveled. The number of travelers by automobile is expected to be 33.2 million in 2009 compared to 32.5 million last year; an increase of 2.1%.
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WILMINGTON, Del. -- Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down in recent months, said the Associated Press. Valero Energy Corp., which shuttered a major refinery over the summer, said Friday it would permanently close its Delaware City oil refinery and layoff 550 workers. It is the largest U.S. refinery to close this year.
ORLANDO, Fla. -- AAA projected 38.4 million Americans will be traveling 50 miles or more away from home over the Thanksgiving holiday weekend; a 1.4% increase over last year when 37.8 million traveled. The number of travelers by automobile is expected to be 33.2 million in 2009 compared to 32.5 million last year; an increase of 2.1%.
