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MOBIL EARNINGS DROP 3 PERCENT

Mobil Corp.'s profits fell 3 percent in the fourth quarter as marketing, refining and chemicals earnings declined, the company said Tuesday.

For the three-month period ended Dec. 31, Mobil's after-tax profit was $447 million, or $1.08 a share, down from $462 million, or $1.12 a share, a year ago. Revenue rose 13 percent to $15 billion from $13.4 billion.

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