Exxon Mobil to Sell 430 Texas Mobil Stations
- Share via
Exxon Mobil Corp. on Thursday reached an agreement to sell about 430 Mobil stations in Texas, a step it agreed to take to win U.S. regulatory approval of its $85.2-billion merger.
Financial terms weren’t disclosed.
The oil giant will sell Mobil’s 49% stake in about 318 stations to Tetco Inc. of San Antonio.
7-Eleven Inc. agreed to buy Mobil’s stakes in 10 Texas stations. Supply contracts in Houston and Bryan-College Station--about 102--will be acquired by Houston-based Petroleum Wholesale Inc.
Shares of Irving, Texas-based Exxon Mobil closed up 56 cents at $75.50 on the New York Stock Exchange.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
