Going Once, Twice …

Exxon Mobil Corp. said this week that it’s starting the bidding process to sell the majority of its remaining company-owned gas stations on the East Cost, Dow Jones newswire reported.

“Consistent with our 2008 June announcement, we began our initial bid process for the sale of the majority of our company-operated and dealer sites from Virginia north through New Hampshire," Prem Nair, a spokeswoman for Exxon Mobil, told Dow Jones news service.

Exxon Mobil announced in June that it plans to sell about 2,200 gas outlets to distributors under long-term fuel contracts, with the stipulation that the stations must continue using the company’s logo.

Monday was the deadline for the first indication of interest. The sale covers 11 markets in nine states: New Hampshire, Maine, Rhode Island, Connecticut, New York, New Jersey, Delaware, Maryland and Virginia, Dow Jones reported.


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