Google temporarily outperforms Exxon to become 2nd most valuable company
Washington, Feb. 9 : Google for a short time surpassed Exxon Mobile to become the second-largest US company by market value.
The fast-growing tech giant briefly nudged past Big Oil's biggest player to become the second-largest US company.
Google shares have surged more than 50 percent in 2013, as the company's online ad growth helped the company earn profits.
According to Fox News, in regular trading, Google shares rose above Exxon's before settling back into the No. 3 slot with a market capitalization of 394.3 billion dollars.
For the past 18 months, Google, Exxon and No. 4 Microsoft have all lagged behind Apple, whose market value Friday stood at 463.6 billion dollars.
Google, meanwhile, has seen its shares rise 3.5 percent since the year began.
--ANI (Posted on 09-02-2014)
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