Exhibit 99


Report of Ernst & Young LLP
Independent Auditors

Board of Directors and Shareholders
Mobil Corporation

We have audited the consolidated balance sheets of Mobil Corporation as of
December 31, 1998, and the related consolidated statements of income, changes in
shareholders' equity, and cash flows for each of the two years in the period
ended December 31, 1998 (not presented separately herein).  Our audits also
included the financial statement schedule listed in the Index at Item 14 (not
presented separately herein).  These financial statements and schedule are the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States.  Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial statements are
free of material misstatement.  An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements.  An
audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation.  We believe that our audits provide a reasonable basis
for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the consolidated financial position of Mobil Corporation
at December 31, 1998, and the consolidated results of its operations and its
cash flows for each of the two years in the period ended December 31, 1998, in
conformity with accounting principles generally accepted in the United States.
Also, in our opinion, the related financial statement schedule, when considered
in relation to the basis financial statements taken as a whole, presents fairly
in all material respects the information set forth therein.


                                                    /s/ ERNST & YOUNG LLP

McLean, Virginia
February 26, 1999

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