Google for a short time surpassed Exxon Mobile to become the second-largest US company by market value.
The fast-growing tech giant briefly nudged past Big Oil's biggest player to become the second-largest US company.
Google shares have surged more than 50 percent in 2013, as the company's online ad growth helped the company earn profits.
According to Fox News, in regular trading, Google shares rose above Exxon's before settling back into the No. 3 slot with a market capitalization of 394.3 billion dollars.
For the past 18 months, Google, Exxon and No. 4 Microsoft have all lagged behind Apple, whose market value Friday stood at 463.6 billion dollars.
Google, meanwhile, has seen its shares rise 3.5 percent since the year began.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app