Exhibit 99

CONTACT:  David Dickson, (703) 846-2378 or Christopher Springham,
(703) 846-2500


               MOBIL ANNOUNCES TWO-FOR-ONE STOCK SPLIT

         AND SIX CENTS A SHARE INCREASE IN QUARTERLY DIVIDEND


FAIRFAX, VA., January 31, 1997 -- Mobil Corporation announced that
the Board of Directors voted today to split Mobil's outstanding
common stock two shares for one.  This action is subject to Mobil
stockholders approving an increase in the authorized common stock,
from 600 million shares of $2.00 par value to 1.2 billion shares
of $1.00 par value, at the annual meeting scheduled for May 8,
1997.  At year-end 1996, Mobil had approximately 394 million
shares of common stock outstanding.
     The Board also voted to increase the quarterly dividend on
the company's common stock from $1.00 a share to $1.06 a share
(pre-split basis), payable March 10, 1997 to stockholders of
record at the close of business on February 10, 1997.  This
follows the second quarter 1996 dividend increase by only nine
months, and therefore is equivalent to an 8 percent increase on an
annualized basis.
     Commenting on today's announcement, Chairman Lucio A. Noto
said, "The stock split and dividend increase are consistent with
Mobil's goal of enhancing shareholder value, and reflect record
operating earnings in 1996, a strong balance sheet and confidence
in the future of our business."  Mr. Noto added, "This is the
tenth year in a row that Mobil has increased the dividend
payment."
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