Google overtakes ExxonMobil to become the number two by market value
Internet giant Google overtook US oil giant ExxonMobil to become the world’s number two company in terms of market value.
This the first time Google got to the second position in the list of the most expensive companies in the world, according to Agence France-Presse.
By the end of US trading session on Monday, February 10, Google’s market capitalization reached $394 billion, compared to ExxonMobil’s $388 billion. The shares of both companies did get down the same day, but ExxonMobil fell further down than Google.
The list of largest market value companies is headed by Apple, valued at $472 billion on February, 10. Apple became the leader of the list in August 2011, having taken the title from ExxonMobil. In subsequent years, ExxonMobil repeatedly overtook Apple’s as No. 1 by market capitalization, but the iPhone maker every time managed to regain the title.