Apple becomes largest U.S. company

August 09, 2011

SAN FRANCISCO/NEW YORK (Reuters) - Apple Inc briefly edged past oil majorExxon Mobil to become the most valuable company in the United States after days of volatile stock market action.

The market value of Apple rose on Tuesday to $341.5 billion, just above Exxon's at $341.4 billion, even as the oil major rakes in more than four times Apple's annual revenue.