Mobil Executive Robert J. McCool-- who led U.S. Marketing and Refining -- to retire.

FAIRFAX, Va.--(BUSINESS WIRE)--May 5, 1997--Mobil Corp. (NYSE: MOB) announced today that Robert J. McCool, vice president of Mobil Oil Corporation and chairman, Downstream Coordination Council, who is credited with significantly improving the company's U.S. marketing and refining business, will retire June 1 after 34 years service.

"Bob McCool has made an outstanding contribution to the continuing success of Mobil, by positioning the company as a leader in the marketing and refining business in the United States," said Eugene A. Renna, director and executive vice president, Mobil Corporation. "He is a marketer in the truest sense of the word, bringing insights and great leadership skills to bear on our business which I have admired and respected over the years. He has built an exemplary team of employees who share his vision and dedication to growing our business."

McCool joined the company as a marketing representative in the New England District in 1963 when it was known as Socony Mobil Oil Company, Inc. At that time, the North American marketing and refining group generated sales worth just over $700 million. At the time of his retirement, after assuming positions of ever- increasing responsibility, that same marketing and refining organization produces $15 billion in revenues.

In addition, during the five-year period when he led the domestic marketing group, its performance improved considerably in all areas by all measurable benchmark standards.

"I have worked with a great team of people, all of whom contributed to the successes we achieved over the years together, and I thank them for that," said McCool. "We faced some considerable challenges and overcame them. We were able to turn the business around. That is a tribute not only to all those people, but also to the organization which created the environment to make that happen."

McCool advanced through a number of marketing and planning assignments, including regional controller, manager of U.S. Marketing, planning and financial analysis, general manager for Mobil's Northeast region and general manager for Mobil's Lube and Commercial Marketing.

In 1985, he was named president of Mobil South, a Mobil Oil service company responsible for Mobil's marketing and manufacturing operations in the Far East, Latin America and Africa.

Five years later he was promoted to vice president and general manager for the U.S. Marketing and Refining Division, with responsibility for the marketing and distribution of the company's petroleum products through a network of retail, wholesale, and commercial customers within the United States. McCool became executive vice president Americas, Marketing and Refining U.S. (1992). He assumed his current position in 1996.

McCool was educated at Boston Latin School, graduating in 1957 and Columbia University where he earned a B.A. degree in economics in 1961 and an M.B.A. in marketing from Columbia's Graduate School of Business in 1963.

In 1996 he was awarded an honorary degree of doctor of business administration by the University of Massachusetts Dartmouth. He was cited for his work in making "... Mobil as effective and successful a business as it had the potential to be, and to safeguard the environment and help it flourish as it was meant to do."

He is a former director of the Western States Petroleum Association, the advisory board of the Virginia Coalfield Economic Development Authority, and the Highway Users Federation. He is also a former trustee of the Virginia Foundation for Independent Colleges and he served on the Virginia Business Council, the Greater Washington Board of Trade, the Governor's Regional Economic Development Council for District 6 and the Virginia Business Education Council. He is also a member of the Board of Trustees of Columbia College and serves as a director on the University of Massachusetts Dartmouth Foundation.

McCool also made a powerful contribution to the political and economic life in the state of Virginia, as he led many initiatives to help legislative and business leaders understand the nature and changes which have taken place in the oil industry.

As a member of the Virginia Coalfield Economic Development Authority, established to bring economic benefits to southwestern Virginia, he was instrumental in finding a supplier to fill a multi- million dollar contract for Mobil's business.

He is married to the former Patricia Devlin and they have three grown children: Lauren, Rob and Steven. They have residences in Osterville, Massachusetts and Scottsdale, Arizona.

CONTACT: Mobil

Tom Cooney, 703/846-4476