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US oil giant Exxon Mobil has overtaken General Electric as the world's most valuable public company.
The firm, which last month made a record $25.3 billion profit for 2004, has been buoyed by rising profits from booming oil prices.
Exxon Mobil passed General Electric to become the largest corporation by stock market value.
On Friday Exxon Mobil shares gained more than 2.0 per cent, having surged 43 per cent from a year ago - while GE's price slipped. — Internet
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