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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):February 14, 1996



                          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 News Release dated February 14, 1996,
a copy of which is annexed hereto as exhibit 99.

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

      (c) Exhibits. 
            99.  Mobil Corporation News Release dated February 14,
                 1996 which announced that its Australian               
                 subsidiary, Mobil Exploration & Producing
                 Australia Pty Ltd has acquired a substantial
                 position in Ampolex Limited through the purchase
                 of its listed securities and has made a proposal
                 to acquire the Australian oil and gas exploration
                 and producing company.




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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            February 14, 1996 







                                
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                             EXHIBIT INDEX


  EXHIBIT                                  SUBMISSION MEDIA
  -------                                  ----------------


 99.    Mobil Corporation,                   Electronic 
        News Release dated
        February 14, 1996