Google is 2nd most valuable US firm

Comment on this story


IO_scitech google logo0

AP

Google is offering a million-dollar prize for a breakthrough that would make solar or wind generated electricity more enticing for everyday uses.

New York - 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 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 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 five percent. Since the beginning of this year, they've lost about 10 percent of their value.

Both companies trail Apple’s market capitalisation of $463.55-billion. - Sapa-AP

Hungry for more scitech news? Sign up for our daily newsletter


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks