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MOBIL INCREASES DIVIDEND

 FAIRFAX, Va., Oct. 29 /PRNewswire/ -- Mobil Corporation (NYSE: MOB) announced that the board of directors voted today to increase the quarterly dividend of $.80 on the company's common stock by 5 cents per share, or 6.25 percent, to $.85 per share. This brings Mobil's dividend payments in 1993 to $3.25 per share, up from $3.20 in 1992.
 Chairman Allen E. Murray said: "The board's action reflects our strong earnings performance and balance sheet and our continued optimism about future growth opportunities. This increase is consistent with Mobil's goal of enhancing shareholder value."
 The dividend is payable Dec. 10 to shareholders of record at the close of business Nov. 8.
 -0- 10/29/93
 /CONTACT: John Lord of Mobil, 703-846-2500/
 (MOB)


CO: Mobil Corporation ST: Virginia IN: OIL SU: DIV

TW -- NY053 -- 8521 10/29/93 12:30 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
Words:141
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