Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Feb 10, 2014

Google passes Exxon to be second most valuable US company

Google passes Exxon to be second most valuable US company
None

Google has passed Exxon to become the second most valuable US company by market capitalisation.

According to FactSet data, the internet company's market capitalisation surpassed that of oil company Exxon Mobil Corp. last week. As of Friday's market close, it sat at $395.42 billion compared with the oil company's $392.66 billion.

Shares of Google Inc. have been on a steady climb since the beginning of 2013, gaining 66 percent.

Market capitalisation is the number of outstanding shares multiplied by their value.

Meanwhile, Exxon's have risen just 5 per cent. Since the beginning of this year, they've lost about 10 per cent of their value.

Both companies trail Apple Inc.'s market capitalisation of $463.55 billion.
 

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search