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                 SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, DC 20549-1004


                            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): December 15, 1995



                          MOBIL CORPORATION
        (Exact name of registrant as specified in its charter)


       DELAWARE                  1-7555         13-2850309 
(State or other jurisdiction of (Commission  (I.R.S. Employer
incorporation or organization)  File Number)  Identification No.)  
                                             



                          3225 Gallows Road
                    Fairfax, Virginia 22037-0001
                      Telephone: (703) 846-3000
              (Address of principal executive offices)





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Item 5. Other Events 
   
        The Registrant hereby incorporates by reference herein the
information set forth in its two News Releases dated December 15,
1995, copies of which are annexed hereto as exhibits 99-1 and 99-2.

                                   
Item 7. Financial Statements, Pro Forma Financial Information and  
        Exhibits.

      (c) Exhibits. 
          99-1.  Mobil Corporation News Release dated December 15, 
     1995 announcing that it will adopt the Statement of Financial
     Accounting Standard (FAS) 121 in the fourth quarter of 1995.

          99-2.  Mobil Corporation News Release dated December 15,
     1995 announcing that its board of directors has approved an
     updated Preferred Share Purchase Rights Plan to replace the
     current plan when it expires April 30, 1996.




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                            SIGNATURE                              
 
 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. 



REGISTRANT         MOBIL CORPORATION 


By              /S/GORDON G. GARNEY      
NAME AND TITLE  Gordon G. Garney, Senior Assistant Secretary
 
DATE            December 15, 1995







                                
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                             EXHIBIT INDEX


  EXHIBITS                                 SUBMISSION MEDIA
  --------                                 ----------------


 99-1.  Mobil Corporation,                   Electronic 
        News Release dated
        December 15, 1995

 99-2.  Mobil Corporation,                   Electronic 
        News Release dated
        December 15, 1995