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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): JULY 22, 1998


                               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 July 22, 1998, 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 july 22, 1998 reporting 
                 estimated earnings for the second quarter of 1998.

 
                                    PAGE 3

                                   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
NAME AND TITLE  Gordon G. Garney, Senior Assistant Secretary

DATE            July 22, 1998

 
                                    PAGE 4

                                 EXHIBIT INDEX


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

 99.    Mobil Corporation,                   Electronic
        News Release dated
        July 22, 1998