Chevron Withdraws Name From Filling Stations
Sat, December 05, 2009
NEW YORK — Chevron will be pulling its name from more than a thousand service stations in eastern states.
It's just the latest oil major to cut back on retail operations.
BP, Exxon Mobil and ConocoPhillips have also stepped away from the retail side over the past 18 months because of razor thin profit margins.
Chevron Corp. says it will withdraw from motor fuels operations in 13 states from Indiana to South Carolina.
The company still supplies more than 5,000 stations in the East, and the company says it's continuing to grow its retail gasoline business in other parts of the country.
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