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EXXON MOBIL CORP

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                                                                      EXHIBIT 12
 
                               EXXON CORPORATION
 
               COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                             (MILLIONS OF DOLLARS)
 


                                             YEAR ENDED DECEMBER 31,
                                       ----------------------------------------
                                        1996     1995     1994    1993    1992
                                       -------  -------  ------  ------  ------
                                                          
Income before cumulative effect of
 accounting changes..................  $ 7,510  $ 6,470  $5,100  $5,280  $4,810
Excess/(shortfall) of dividends over
 earnings of affiliates owned less
 than 50% accounted for by the equity
 method..............................       33       25     (20)    (24)    (28)
Provision for income taxes(1)........    4,893    4,428   3,025   3,113   2,811
Capitalized interest.................     (389)    (418)   (306)   (291)   (287)
Minority interests in earnings of
 consolidated subsidiaries...........      382      299     231     246     229
                                       -------  -------  ------  ------  ------
                                        12,429   10,804   8,030   8,324   7,535
                                       -------  -------  ------  ------  ------
Fixed Charges:(1)
 Interest expense--borrowings........      359      478     530     533     580
 Capitalized interest................      520      533     405     374     364
 Rental expense representative of
  interest factor....................      447      416     401     387     382
 Dividends on preferred stock........        3        3       3       7      29
                                       -------  -------  ------  ------  ------
                                         1,329    1,430   1,339   1,301   1,355
                                       -------  -------  ------  ------  ------
Total adjusted earnings available for
 payment of fixed charges............  $13,758  $12,234  $9,369  $9,625  $8,890
                                       =======  =======  ======  ======  ======
Number of times fixed charges are
 earned..............................     10.4      8.6     7.0     7.4     6.6

---------------------
Note:
(1) The provision for income taxes and the fixed charges include Exxon
    Corporation's share of non-consolidated companies 50% owned.
 
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