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The following is an excerpt from a S-4 SEC Filing, filed by EXXON CORP on 4/5/1999.
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EXXON MOBIL CORP - S-4 - 19990405 - THE_OFFERING
                      ITEM NUMBER                                          LOCATION IN JOINT PROXY
                      IN FORM S-4                                           STATEMENT/PROSPECTUS
-------------------------------------------------------------------------------------------------------------------

A.   INFORMATION ABOUT THE
     TRANSACTION

1.   Forepart of Registration Statement
     and Outside Front Cover Page of Prospectus......     Facing Page of the Registration Statement; Outside Front
                                                          Cover Page of Joint Proxy Statement/Prospectus

2.   Inside Front and Outside Back Cover Pages
     of Prospectus...................................     Where You Can Find More Information; Table of Contents;
                                                          Comparative Per Share Data; Where You Can Find More
                                                          Information

3.   Risk Factors, Ratio of Earnings to Fixed
     Charges and Other Information...................     Outside Front Cover Page of Prospectus; Summary;
                                                          Interests of Certain Persons in the Merger; Selected
                                                          Historical Financial Data; Selected Historical and Pro
                                                          Forma Financial Data; The Merger Transaction;
                                                          Comparative Per Share Market Price and Dividend
                                                          Information; Chapter Two - Information About the
                                                          Meetings and Voting

4.   Terms of the Transaction........................     Outside Front Cover Page of Prospectus; Summary; The
                                                          Merger Transaction; Opinions of Financial Advisors; The
                                                          Merger Agreement; Chapter Two - Information About the
                                                          Meetings and Voting; Chapter Three - Certain Legal
                                                          Information.

5.   Pro Forma Financial Information.................     Unaudited Pro Forma Condensed Combined Financial
                                                          Statements; Notes to Unaudited Pro Forma Condensed
                                                          Combined Financial Statements.

6.   Material Contacts with the Company Being
     Acquired........................................     Summary; The Merger Transaction; The Merger
                                                          Agreement.

7.   Additional Information Required for




     Reoffering by Persons and Parties Deemed
     to be Underwriters..............................     *

8.   Interests of Named Experts and Counsel..........     *

9.   Disclosure of Commission Position on
     Indemnification for Securities Act
     Liabilities.....................................     *

B.   INFORMATION ABOUT THE REGISTRANT

10.  Information with Respect to S-3 Registrants.....     *

11.  Incorporation of Certain Information by

     Reference.......................................     Where You Can Find More Information

12.  Information with Respect to S-2 and S-3
     Registrants.....................................     Summary; The Merger Transaction; Where You Can Find
                                                          More Information

13.  Incorporation of Certain Information by
     Reference.......................................     *

14.  Information with Respect to Registrants
     Other Than S-3 or S-2 Registrants...............     *

C.   INFORMATION ABOUT THE COMPANY
     BEING ACQUIRED

15.  Information with Respect to S-3
     Companies.......................................     *

16. Information with Respect to S-2 or S-3
    Companies........................................     Summary; The Merger Transaction; Where You Can Find
                                                          More Information

17.  Information with Respect to Companies
     Other Than S-2 or S-3 Companies.................     *

D.   VOTING AND MANAGEMENT
     INFORMATION

18.  Information if Proxies, Consents or
     Authorizations are to be Solicited..............     Outside Front Cover Page of Joint Proxy
                                                          Statement/Prospectus; Summary; Interests of Certain
                                                          Persons in the Merger; The Merger Agreement; The Stock
                                                          Option Agreement; Chapter Two - Information About the
                                                          Meetings and Voting; Chapter Three - Certain Legal
                                                          Information;  Where You Can Find More Information

19.  Information if Proxies, Consents or
     Authorizations are not to be Solicited
     or in an Exchange Offer.........................     *


* Omitted because the Item is inapplicable or the answer is negative.

ii

[PRELIMINARY DRAFT DATED APRIL 5, 1999, SUBJECT TO COMPLETION]

EXXON logo Mobil logo

MERGER PROPOSED -- YOUR VOTE IS VERY IMPORTANT

The Boards of Directors of Exxon Corporation and Mobil Corporation have approved a merger agreement which provides for the combination of the two companies. We believe the combined company will be able to create substantially more shareholder value than could be achieved by the companies individually.

Our combined company would be named Exxon Mobil Corporation, with its headquarters in Irving, Texas. Sometimes in this booklet we will refer to the combined company as "Exxon Mobil".

If the merger is completed, holders of Mobil common stock will receive, for each Mobil share, 1.32015 shares of Exxon Mobil common stock, and each share of Mobil ESOP preferred stock will be converted into an equivalent share of a newly created class of Exxon Mobil preferred stock. Exxon shareholders will continue to own their existing shares after the merger. Sometimes in this booklet we refer to Exxon stock after the closing of the merger as "Exxon Mobil stock".

Exxon Mobil will issue approximately 1.03 billion shares of Exxon Mobil common stock to Mobil shareholders in the merger, based on outstanding shares on March 1, 1999. These shares will represent approximately 30% of the outstanding Exxon Mobil common stock after the merger. Exxon shares held by Exxon shareholders before the merger will represent approximately 70% of the outstanding Exxon Mobil shares after the merger.

We are asking shareholders of Exxon to approve the merger and related matters and to vote on the election of Exxon directors and other Exxon annual meeting matters described in this booklet.

We are asking shareholders of Mobil to approve the merger agreement and the merger and to vote on the election of Mobil directors and other Mobil annual meeting matters described in this booklet. If the merger is completed, these Mobil annual meeting matters will, as a result, be superseded.

We cannot complete the merger unless shareholders of both companies approve it. Approval of the other annual meeting matters is not a condition of the merger.

The dates, times and places of the meetings are:

For Exxon shareholders:

Thursday, May 27, 1999
10:00 a.m., Central Time
Trinity Conference Center
Wyndham Anatole Hotel
2201 Stemmons Freeway
Dallas, Texas

For Mobil shareholders:

Thursday, May 27, 1999
10:00 a.m., Central Time
Regency Ballroom of the Fairmont Hotel 1717 North Akard Street
Dallas, Texas

/s/ Lee R. Raymond         /s/ Lucio A. Noto

Lee R. Raymond             Lucio A. Noto
 Chairman of the Board       Chairman of the Board and Chief Executive Officer
 Exxon Corporation           Mobil Corporation


Neither the Securities and Exchange Commission nor any state securities regulators have approved the Exxon Mobil stock to be issued under this Joint Proxy Statement/Prospectus or determined if this Joint Proxy Statement/Prospectus is accurate or adequate. Any representation to the contrary is a criminal offense.

Joint Proxy Statement/Prospectus dated _____ __, 1999, and first mailed to shareholders on April 9, 1999.


[Note: Page for Exxon Booklet only.]

EXXON logo

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS OF EXXON CORPORATION

Time:
10:00 a.m., Central Time

Date:
May 27, 1999

Place:
Trinity Conference Center
Wyndham Anatole Hotel
2201 Stemmons Freeway
Dallas, Texas

Purpose:
o Vote on the proposed merger of Exxon and Mobil and related matters
o Elect directors
o Ratify appointment of independent accountants
o Vote on four shareholder proposals
o Conduct other business if properly raised

Only shareholders of record on March 29, 1999 may vote at the meeting. Only shareholders or their proxy holders and Exxon guests may attend the meeting.

Your vote is important. Please complete, sign, date and return your proxy card in the enclosed envelope promptly, or authorize the individuals named on your proxy card to vote your shares by calling the toll-free telephone number or using the internet as described in the instructions included with your proxy card.

/s/ T.P. Townsend
T.P. Townsend
Secretary

April 9, 1999


[Note: Page for Mobil Booklet only.]

Mobil logo

NOTICE OF ANNUAL MEETING
TO BE HELD ON MAY 27, 1999

To the Shareholders of Mobil Corporation:

The annual meeting of shareholders of Mobil Corporation will be held on Thursday, May 27, 1999, at 10:00 a.m., at the Regency Ballroom of the Fairmont Hotel, 1717 North Akard Street, Dallas, Texas, for the following purposes:

1. To consider and vote upon a proposal to approve and adopt the Agreement and Plan of Merger, dated as of December 1, 1998, among Mobil, Exxon Corporation and a subsidiary of Exxon, and the merger, as described in the attached joint proxy statement/prospectus;

2. To elect four members to the Board of Directors of Mobil;

3. To approve and ratify the appointment of Ernst & Young LLP as Mobil's independent auditors for 1999;

4. To vote upon two shareholder proposals; and

5. To transact such other business as may properly come before the meeting or any adjournment or postponement.

Holders of record of Mobil common stock and of Mobil ESOP preferred stock at the close of business on March 29, 1999, will be entitled to vote at the Mobil meeting or any adjournment or postponement. A list of shareholders entitled to vote will be kept at Mobil Place at 3000 Pegasus Park Drive, Dallas, Texas 75247, for ten days before the meeting.

If you attend the meeting, you must register before entering. We will give priority seating to shareholders of record, beneficial owners who have evidence of ownership, or their authorized representatives, and guests of management. You may bring one guest.

Please do not send any certificates for your stock at this time.

/s/ Carole J. Yaley
Carole J. Yaley
Secretary

April 9, 1999

Your vote is important. Whether or not you plan to attend the Mobil meeting, please complete, date and return your proxy card in the enclosed envelope promptly or authorize the individuals named on your proxy card to vote your shares by calling the toll-free telephone number or using the internet by following the instructions included with your proxy card.


TABLE OF CONTENTS

CHAPTER ONE - THE MERGER

 QUESTIONS AND ANSWERS ABOUT THE
   MERGER.............................................................I-1

 SUMMARY..............................................................I-2
   The Companies......................................................I-2
   Reasons for the Merger.............................................I-2
   Merger Recommendations to Shareholders.............................I-2
   The Merger.........................................................I-2
   Other Exxon Annual Meeting Matters.................................I-6
   Other Mobil Annual Meeting Matters.................................I-6

 SELECTED HISTORICAL AND PRO FORMA FINANCIAL DATA.....................I-7

 SELECTED HISTORICAL FINANCIAL DATA...................................I-8
   Selected Historical Financial Data of Exxon........................I-8
   Selected Historical Financial Data of Mobil........................I-9
   Selected Unaudited Pro Forma Combined Financial
      Data...........................................................I-10
   Comparative Per Share Data........................................I-11

 CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING
   STATEMENTS........................................................I-12

 YEAR 2000 ISSUE.....................................................I-13

 THE MERGER TRANSACTION..............................................I-14
   General...........................................................I-14
   Background of the Merger..........................................I-14
   Our Reasons for the Merger........................................I-19
   Exxon Mobil's Senior Management Team..............................I-22
   Factors Considered by, and Recommendation of,
     the Exxon Board.................................................I-22
   Factors Considered by, and Recommendation of, the Mobil
      Board..........................................................I-24
   Accounting Treatment..............................................I-26
   Material Federal Income Tax Consequences of the
      Merger.........................................................I-27
   Regulatory Matters................................................I-28
   Appraisal Rights..................................................I-29
   Federal Securities Laws Consequences; Stock Transfer Restriction
      Agreements.....................................................I-29

 COMPARATIVE PER SHARE MARKET PRICE
   AND DIVIDEND INFORMATION..........................................I-30
   Effect of Merger on Mobil Dividend Reinvestment Plan..............I-31
 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL
   STATEMENTS........................................................I-32

 NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL
   STATEMENTS........................................................I-37

  OPINIONS OF FINANCIAL ADVISORS.....................................I-39
    Opinion of Exxon Financial Advisor...............................I-39
    Opinion of Mobil Financial Advisor...............................I-44

 INTERESTS OF CERTAIN PERSONS IN THE MERGER..........................I-49
   Board of Directors................................................I-49
   Indemnification; Directors' and
      Officers' Insurance............................................I-49
   Employee Severance Plan...........................................I-49
   Incentive Compensation and Stock
      Ownership Plans................................................I-51
   Management Retention Plan.........................................I-52
   Rabbi Trust.......................................................I-52
   Application of Past Practices.....................................I-52

 THE MERGER AGREEMENT................................................I-54
   Structure of the Merger...........................................I-54
   Timing of Closing.................................................I-54
   Merger Consideration..............................................I-54
   Treatment of Mobil Stock Options;
     Other Mobil Stock-Based Awards..................................I-54
   Exchange of Shares................................................I-54
   Exxon Mobil Board and Related Matters.............................I-55
   Certain Covenants.................................................I-55
   Representations and Warranties....................................I-58
   Conditions to the Completion of
     the Merger......................................................I-58
   Termination of the Merger
     Agreement.......................................................I-59
   Other Expenses....................................................I-60
   Amendments; Waivers...............................................I-61
   Stock Option Agreement............................................I-61

CHAPTER TWO- INFORMATION ABOUT THE MEETINGS AND VOTING

   Matters Relating to the Meetings..................................II-1
   Vote Necessary to Approve Exxon and
     Mobil Proposals.................................................II-4
     Proxies.........................................................II-5
     Other Business; Adjournments....................................II-7

CHAPTER THREE - CERTAIN LEGAL INFORMATION

 COMPARISON OF SHAREHOLDER RIGHTS...................................III-1
   Summary of Material Differences Between Current
     Rights of Mobil Shareholders and Rights Those
     Shareholders Will Have as Exxon Mobil Shareholders
     Following the Merger...........................................III-1

 DESCRIPTION OF EXXON CAPITAL STOCK.................................III-8
   Authorized Capital Stock.........................................III-8
   Exxon Common Stock...............................................III-8
   Exxon Preferred Stock............................................III-8
   Amendment of Exxon Charter......................................III-10
   Transfer Agent and Registrar....................................III-11
   Stock Exchange Listing; Delisting and
     Deregistration of Mobil Common Stock..........................III-11

 LEGAL MATTERS.....................................................III-11
 EXPERTS...........................................................III-11

CHAPTER FOUR - OTHER EXXON ANNUAL MEETING PROPOSALS

CHAPTER FIVE - OTHER MOBIL ANNUAL MEETING PROPOSALS

CHAPTER SIX - ADDITIONAL INFORMATION FOR SHAREHOLDERS

 FUTURE SHAREHOLDER PROPOSALS........................................VI-1

 WHERE YOU CAN FIND MORE INFORMATION.................................VI-1

ANNEXES

Annex A..................Agreement and Plan of Merger
Annex B..................Stock Option Agreement
Annex C..................Opinion of J.P. Morgan Securities Inc.
Annex D..................Opinion of Goldman, Sachs & Co.

ii

CHAPTER ONE

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