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Mobil and Exxon Confirm Discussions about Possible Combination

30 November 1998

Exxon And Mobil Joint Statement

    IRVING, Texas and FAIRFAX, Va.--Nov. 27, 1998-- Exxon and Mobil confirm that they are in discussions concerning a possible combination transaction.
    No definitive agreement has been reached. We cannot give any assurance that an agreement will be reached. Beyond this statement, we have no further comment.