Google has outpaced Exxon Mobil Corp. to become the second on the list of the most valuable corporate giants by market capitalization, Agence France-Presse reported. It is the first time in its history when Google ranks second among the iconic companies worldwide measured by stock-market value.
After closing the trading session on the U.S. stock exchanges February 10, Google’s stock-market valuation equaled $394 billion compared with the oil company's $388 billion. The exchange quotes of both companies declined February 10. However, Exxon Mobil’s shares lost more of their value than Goggle’s ones.
Both companies trail Apple Inc.'s market capitalization estimated at $472 billion as of February 10. Apple Inc. became the most valuable company in the world in August 2011 leaving Exxon Mobil behind. In the next few years, Exxon Mobil managed to surpass Apple by market capitalization several times, but the iPhone producer was able to take back its leading position.
