Table 1
MOBIL CORPORATION
Third Quarter Nine Months
__________________ __________________
INCOME ($MM 1997 1998 Incr/ 1997 1998 Incr/
(Decr) (Decr)
----- ----- ----- ----- ----- -----
Petroleum Operations
E&P: United States 160 9 (151) 511 133 (378)
International 313 147 (166) 1,114 648 (466)
--- --- ---- ----- ---- ----
Total Exploration
& Producing 473 156 (317) 1,625 781 (844)
M&R: United States 230 179 (51) 382 459 77
International 116 183 67 496 622 126
--- --- ---- ---- ---- ----
Total Marketing
& Refining 346 362 16 878 1,081 203
--- --- ---- ---- ----- ----
Total Petroleum 819 518 (301) 2,503 1,862 (641)
Chemical 155 41 (114) 331 166 (165)
Corporate and
Financing a (82) (50) 32 (266) (172) 94
--- --- ---- ----- ----- ----
Net Income 892 509 (383) 2,568 1,856 (712)
========== === === ==== ===== ===== ====
COMMON SHARES OUTSTANDING (MM)
End of Period ... ... ... 784.9 772.1 (b) (12.8)
Average 785.8 780.7(b) (5.1) 787.0 781.5 (b) (5.5)
Average -- Assuming
Diluti on 816.0 808.4(b) (7.6) 815.8 809.7 (b) (6.1)
NET INCOME PER
COMMON SHARE ($)(c) 1.12 0.64 (0.48) 3.21 2.33 (0.88)
AssumingDilution(d) 1.09 0.63 (0.46) 3.15 2.28 (0.87)
DIVIDENDS
Common Stock
Total Paid ($MM) 416 446 30 1,251 1,337 86
Per Share ($ ) 0.53 0.57 0.04 1.59 1.71 0.12
Preferred Stock 13 13 ... 39 38 (1)
($MM)
(a) Includes corporate administrative expenses, net financing expense
and other items.
(b) Affected by net share repurchases and a required change in
accounting for shares held in a supplemental retirement trust.
(c) The net income per common share calculation is based on
income,less preferred stock dividend requirements, divided by
the weighted average number of common shares outstanding.
(d) Net income per common share assuming dilution includes the
dilutive effects of stock options and convertible preferred stock.
Table 2
MOBIL CORPORATION
Third Quarter Nine Months
__________________ __________________
INCOME ADJUSTED FO 1997 1998 Incr/ 1997 1998 Incr/
SPECIAL ITEMS ($MM) (Decr) (Decr)
----- ----- ------ ----- ----- ------
Petroleum Operations
E&P: United States 123 38 (85) 474 162 (312)
International 317 92 (225) 1,118 593 (525)
---- ---- ----- ------ ---- -----
Total Exploration
& Producing 440 130 (310) 1,592 755 (837)
M&R: United States 240 179 (61) 392 459 67
International 209 197 (12) 627 659 32
--- --- ---- ---- ---- ----
Total Marketing
& Refining 449 376 (73) 1,019 1,118 99
--- --- ---- ---- ---- ----
Total Petroleum 889 506 (383) 2,611 1,873 (738)
Chemical 102 41 (61) 278 166 (112)
Corporate and
Financing(a) (84) (50) 34 (268) (172) 96
--- --- ---- ----- ----- ----
Operating Earnings
(Before
Special Items) 907 497 (410) 2,621 1,867 (754)
Special Items (15) 12 27 (53) (11) 42
--- --- ---- ----- ----- -----
Net Income 892 509 (383) 2,568 1,856 (712)
========== === === ==== ===== ===== =====
EARNINGS PER COMMON SHARE ($)
BASED ON:
Operating Earnings
(Before Special
Items) (b) 1.14 0.62 (0.52) 3.28 2.34 (0.94)
Assuming Dilution 1.11 0.61 (0 50) 3.21 2.30 (0.91)
(c)
Net Income (b) 1.12 0.64 (0.48) 3.21 2.33 (0.88)
Assuming Dilution 1.09 0.63 (0.46) 3.15 2.28 (0.87)
(c)
(a) Includes corporate administrative expenses, net financing expense
and other items.
(b) The earnings per common share calculation is based on income, less
preferred stock dividend requirements, divided by the weighted
average number of common shares outstanding.
(c) Earnings per common share assuming dilution includes the dilutive
effects of stock options and convertible preferred stock.
Table 3
MOBIL CORPORATION
1997 by Quarter and Year 1998
____________________________ ____________
SPECIAL ITEMS
AFFECTING INCOME ($MM) 1Q 2Q 3Q 4Q Year 1Q 2Q 3Q
--- --- --- --- ---- -- -- --
E&P United States
Asset Sales - - 53 - 53 - - -
Federal Royalty
Settlement - - - - - - - (29)
Litigation - - (12) - (12) - - -
Employee Performance
Award - - (4) - (4) - - -
E&P International
Asset Sales - - - 41 41 - - 55
Employee Performance
Award - - (4) - (4) - - -
M&R United States
Asset Impairment - - - (18) (18) - - -
LIFO/Other Inv. Adj. - - - 8 8 - - -
Employee Performance
Award - - (10) - (10) - - -
M&R International
LIFO/Other Inv. Adj. - - - 12 12 - - -
Restructuring (18) (20) (72) (148) (258) (10 )(13) (14)
Employee Performance
Award - (21) - (21) - - -
Chemical
Asset Sales - - 48 - 48 - - -
Litigation - - 10 - 10 - - -
Employee Performance
Award - - (5) - (5) - - -
Corporate and Financing
Asset Sales - - 39 - 39 - - -
Litigation - - (31) - (31) - - -
Employee Performance
Award - - (6) - (6) - - -
--- --- ---- ---- -- -- --- --- ---
Total Special Items (18) (20) (15) (105) (158) (10) (13) 12
=== === === ==== ==== === === ===
Table 4
MOBIL CORPORATION
Third Quarter Nine Months
__________________________ ___________________
INVESTMENT
SPENDING ($MM) 1997 1998 Incr/ 1997 1998 Incr/
(Decr) (Decr)
------ ------ ------- ------ ------ ------
Capital and Explor.
Expenditures
Petroleum Operations
Exploration & Producing
United States 117 89 (28) 325 361 36
International 714 793 79 1,809 2,059 250
------ ------ ----- ------ ------ ------
Total E&P 831 882 51 2,134 2,420 286
------ ------ ----- ------ ------ ------
Marketing & Refining
United States 72 95 23 224 258 34
International 107 85 (22) 351 198 (153)
------ ------ ----- ------ ------ ------
Total M&R 179 180 1 575 456 (119)
------ ------ ----- ------ ------ ------
Total Petroleum 1,010 1,062 52 2,709 2,876 167
Chemical 86 92 6 210 188 (22)
Other 7 44 37 38 142 104
------ ------ ----- ------ ------ ------
Total Capital and
Exploration
Expenditures 1,103 1,198 95 2,957 3,206 249
Cash Investments in
Equity Companies 42 23 193 480 587 107
------ ------ ----- ------ ------ ------
Total Investment
Spending 1,145 1,433 288 3,437 3,793 356
====== ====== ===== ====== ====== ======
Memo: Exploration
expenses
charged to income,
included above
United States 12 44 32 28 93 65
International 93 141 48 234 263 29
------ ------ ----- ------ ------ ------
Total Exploration
Expenses 105 185 80 262 356 94
====== ====== ===== ====== ====== ======
========================================================================
OTHER FINANCIAL DATA
($MM)
Total Revenues 16,397 13,634 (2,763) 49,332 40,497 (8,835)
Depreciation,
Depletion,
and Amortization 590 633 43 1,848 1,853 5
Income Taxes 770 331 (439) 2,372 1,252 (1,120)
AVERAGE U.S. PRICES
Crude($/BBL)--Mobil 16.83 11.44 (5.39) 17.29 12.15 (5.14)
Crude($/BBL)--
Mobil+Aera 15.93 10.49 (5.44) 16.77 10.86 (5.91)
NGL ($/BBL) 11.78 7.60 (4.18) 12.27 8.58 (3.69)
Natural Gas ($/MCF) 2.06 1.84 (0.22) 2.25 1.99 (0.26)
AVERAGE INT'L.
PRICES
Crude ($/BBL) 18.38 12.07 (6.31) 19.12 12.78 (6.34)
Natural Gas ($/MCF) 2.53 1.95 (0.58) 2.75 2.18 (0.57)
Table 5
MOBIL CORPORATION
Third Quarter Nine Months
______________________________________________
1997 1998 Incr/ 1997 1998 Incr/
OPERATING HIGHLIGHTS (Decr) (Decr)
---- ---- ----- ---- ---- -----
NET PRODUCTION OF
LIQUIDS
(TBD)
United States 246 236 (10) 243 239 (4)
Australia 54 42 (12) 38 38 --
Canada 49 77 28 46 67 21
Equatorial Guinea 39 50 11 32 48 16
Indonesia 44 35 (9) 49 40 (9)
Kazakhstan 35 44 9 37 43 6
Nigeria 253 244 (9) 249 242 (7)
Norway 75 64 (11) 78 73 (5)
United Kingdom 72 56 (16) 74 60 (14)
Middle East/Other 71 73 2 70 70 --
------ ----- ----- ----- ----- -----
Total Internat'l 692 685 (7) 673 681 8
------ ----- ----- ----- ----- -----
Worldwide 938 921 (17) 916 920 4
====== ===== ===== ===== ===== =====
NET PRODUCTION
OF NATURAL
GAS (MMCFD)
United States 1,124 1,091 (33) 1,156 1,111 (45)
Canada 376 435 59 374 442 68
Germany 348 357 9 447 437 (10)
Indonesia 1,568 1,524 (44) 1,585 1,420 (165)
United Kgdom. 515 360 (155) 659 565 (94)
Other 285 359 74 299 362 63
----- ----- ----- ----- ----- -----
Total
International 3,092 3,035 (57) 3,364 3,226 (138)
----- ----- ----- ----- ----- -----
Worldwide 4,216 4,126 (90) 4,520 4,337 (183)
===== ===== ===== ===== ===== =====
TOTAL NET
PRODUCTION(TBDOE) 1,702 1,669 (33) 1,735 1,706 (29)
===== ===== ===== ===== ===== =====
Table 6
MOBIL CORPORATION
Third Quarter Nine Months
_________________________________________________
1997 1998 Incr/ 1997 1998 Incr/
OPERAT. HIGHLIGHTS (Decr) (Decr)
------ ------ ------ ------ ------ ------
REFINERY RUNS (TBD)
United States (a) 1,009 869 (140) 950 903 (47)
Europe (b) 380(c) 358 (22) 377 365 (12)
Asia-Pacific 704 700 (4) 658 724 66
All Other 190 186 (4) 186 170 (16)
----- ----- ----- ----- ----- -----
Worldwide 2,283 2,113 (170) 2,171 2,162 (9)
----- ----- ----- ----- ----- -----
PETROLEUM PRODUCT
SALES (d)
(TBD)
United States
Automotive Gasoline
Sales to Trade 584 619 35 567 596 29
Supply/Other Sales 280 256 (24) 256 229 (27)
----- ----- ----- ----- ----- ----
Total Automotive
Sales 864 875 11 823 825 2
Distillates/Jet Fuel 338 326 (12) 359 344 (15)
ther 265 285 20 242 265 23
----- ----- ----- ----- ----- -----
Total United States 1,467 1,486 19 1,424 1,434 10
Europe (b) 702 691 (11) 698 672 (26)
Asia-Pacific 806 815 9 811 828 17
All Other 458 495 37 401 460 59
----- ----- ----- ----- ----- -----
Total International 1,966 2,001 35 1,910 1,960 50
----- ----- ----- ----- ----- -----
Worldwide 3,433 3,487 54 3,334 3,394 60
----- ----- ----- ----- ----- -----
CHEMICAL SALES
(MM LBS)
Worldwide
Polyethylene Resin 722 719 (3) 2,098 2,125 27
Worldwide Paraxylene 492 438 (54) 1,175 1,383 208
CHEMICAL SALES BY
PRODUCT
CATEGORY ($MM)
Petrochemicals 574 370 (204) 1,625 1,261 (364)
Films Products 163 163 -- 548 502 (46)
Chemical Products 32 35 3 100 114 14
----- ----- ----- ----- ----- -----
Total 769 568 (201) 2,273 1,877 (396)
===== ===== ===== ===== ===== =====
(a) 1998 reflects reduced volumes due to Mobil's 50% interest in the
Chalmette joint venture.
(b) Includes Mobil's share for the M&R alliance with BP in Europe.
(c) Third quarter, 1997 refinery runs reflect a downward restatement.
(d) Includes trade and supply sales.