Google becomes 2nd-most valuable American company
Google has passed Exxon to become the second most valuable American company by market capitalization.
According to FactSet data, the Internet company's market capitalization surpassed that of oil company Exxon Mobil Corp. last week. As of Friday's market close, it sat at $395.42 billion compared with the oil company's $392.66 billion.
Market capitalization is the number of outstanding shares multiplied by their value.
Shares of Google Inc. have been on a steady climb since the beginning of 2013, gaining 66 percent. Exxon's have risen just 5 percent.
Both companies trail Apple Inc.'s market capitalization of $463.55 billion.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Amazon.com distribution center planned for Pittsburgh’s West End
- Smartphone coupons just one way stores aim to increase spontaneous buys
- 10 million Americans sought help to enroll in Obamacare
- Health insurers will refund $5.2M to Pa. subscribers, group plans
- GM profit 2Q falls 85% on recall costs
- 3 ways to dig up dirt on people
- Morgan Stanley settles for $275M
- EQT posts $110.9 million profit in latest quarter
- Dunkin’ pushes cashiers to ‘upsell’
- Wesco posts higher profit, lowers full year outlook
- IMF cuts U.S., global growth forecasts for ’14