Buoyed by rising profit from lofty oil prices, Exxon Mobil Corp. passed General Electric Co. on Friday to become the largest U.S. corporation by stock market value.
The two Goliaths traded places after Exxon Mobil shares gained $1.28 to $59.41, while GE dropped 15 cents to $35.88. That vaulted Exxon Mobil ahead of GE in market capitalization, topping $383 billion, compared with about $379 billion for GE.
