EXHIBITS
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EXHIBIT 11
MOBIL CORPORATION
COMPUTATION OF EARNINGS PER COMMON SHARE
(MILLIONS OF DOLLARS EXCEPT PER-SHARE AMOUNTS; NUMBER OF SHARES IN THOUSANDS)
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1995 1996 1997
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Net Income........................................... $ 2,376 $ 2,964 $ 3,272
Less: dividends on preferred stock................... 56 54 52
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Adjusted net income applicable to common shares...... $ 2,320 $ 2,910 $ 3,220
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Weighted average number of basic common shares
outstanding ......................................... 790,888 788,292 786,294
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Net income per common share ........................... $ 2.93 $ 3.69 $ 4.10
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Net Income............................................ $2,376 $ 2,964 $ 3,272
Less: additional contribution to ESOP................. 13 10 8
Less: Stock Appreciation Rights
compensation income (expense)................. 4 4 (4)
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Adjusted net income applicable to common shares....... $ 2,359 $ 2,950 $ 3,268
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Weighted average number of basic common shares ........ 790,888 788,292 786,294
Increment to assumed exercise of stock options to
reflect maximum dilutive effect..................... 7,968 9,418 11,445
Assumed conversion of preferred stock ................. 18,849 18,038 17,318
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Total ........................................... 817,705 815,748 815,057
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Net income per common share--assuming dilution ........ $ 2.88 $ 3.62 $ 4.01
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Prior year data have been restated to reflect a two-for-one stock split which
had a record date of May 20, 1997.
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Mobil -28-