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                                UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION

                           WASHINGTON, D.C. 20549

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                                  FORM 8-K

                               CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF
                     THE SECURITIES EXCHANGE ACT OF 1934


     Date of Report (Date of earliest event reported): OCTOBER 16, 2002



                                  EXX INC.
           (Exact name of registrant as specified in its charter)


       NEVADA                      001-0654                     88-0325271
   (State or other             (Commission File              (I.R.S. Employer
   jurisdiction of                  Number)                   Identification
    organization)                                                 Number)



       1350 EAST FLAMINGO ROAD, SUITE 689
                LAS VEGAS, NEVADA                         89119-5263
    (Address of principal executive offices)              (Zip Code)



     Registrant's telephone number, including area code: (702) 598-3223




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ITEM 5.           OTHER EVENTS.

                  On October 16, 2002, EXX Inc. issued a press release
regarding the filing of a proposed Chapter 11 Plan of Reorganization. See
Press Release attached as Exhibit 99.1.


ITEM 7.           FINANCIAL STATEMENTS AND EXHIBITS.

                  (a)      Financial statements.  Not applicable.
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                  (b)      Pro forma financial information.  Not applicable.
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                  (c)      Exhibits.  See Exhibit Index.
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                                 SIGNATURES

                  Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.


Dated: October 16, 2002


                              EXX INC.



                              By:  /s/ David A. Segal
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                                   Name:  David A. Segal
                                   Title: Chairman and Chief Executive Officer






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                                EXHIBIT INDEX


Exhibit No.                Description
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99.1                       Press Release, dated as of October 16, 2002.







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