A nickel-chromium-cobalt-molybdenum alloy with an exceptional combination of metallurgical stability, strength, and oxidation resistance at high temperatures. Resistance to oxidation is enhanced by an aluminum addition. The alloy also resists a wide range of corrosive aqueous environments. Used in gas turbines for combustion cans, ducting, and transition liners; for petrochemical processing; for heat-treating equipment; and in nitric acid production.