Mobil building in Farmers Branch. (Mobil Corp. to build office in Texas)

Oil giant to consolidate technology operations at suburban office campus

DOWNTOWN - Mobil Corp., a fixture of central Dallas for more than eight decades, plans to build a 440,000-square-foot office facility in Farmers Branch to house its Dallas-based technology operations.

That plan may mean Mobil (NYSE: MOB) will be moving entirely out of central Dallas, where its red Pegasus symbol has had a home since the 1910s.

"That hasn't been determined yet," said Beth Ann Black, public affairs adviser for Mobil, referring to whether the relocation would include the operations at Renaissance Tower and Mobil Place. "They are still deciding that. They are studying the feasibility of staying where we are now vs. consolidating all our locations there (Farmers Branch)."

Mobil, one of the nation's major oil companies, has more than 2,300 employees in 20 affiliate divisions in the Dallas area, spread among four …