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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): January 31, 1997
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 January 31, 1997,
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 January 31,
1997 which announced that the Board of Directors
voted today to split Mobil's outstanding common
stock two shares for one subject to Mobil
stockholders approval. The Board also voted
an increase in quarterly dividends on common
stock.
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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 January 31, 1997
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EXHIBIT INDEX
EXHIBIT SUBMISSION MEDIA
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99. Mobil Corporation, Electronic
News Release dated
January 31, 1997
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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