Google is now the second most valuable company in the world
Technology giant Google surpassed ExxonMobil oil company by market capitalization and took second place among the companies on this indicator.
According to FactSet what happened last week, officials said, cited by BTA .
At the close of the market on Friday, the market capitalization of Google was 395.42 billion dollars against 392.66 billion dollars of Exxon.
Since the beginning of 2013 the stock price of the technology company is constantly increasing, as they have risen by 66%. Market capitalization represents shares outstanding multiplied by their value. While securities of Exxon rose only 5 percent. Since the beginning of the year they lost about 10% of its value. The two companies rank after Apple, whose market capitalization is 463,55 billion dollars.