Google passes Exxon to be No 2 US company

Image
AP New York
Last Updated : Feb 10 2014 | 9:28 PM IST
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 USD 395.42 billion compared with the oil company's USD 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 USD 463.55 billion.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Feb 10 2014 | 9:28 PM IST

Next Story