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Exxon Becomes World’s Most Valuable Company… Again…

By on January 26, 2013

EXXON HAS ONCE AGAIN SURPASSED APPLE AS THE WORLD’S MOST VALUABLE COMPANY…

 

THE ASSOCIATED PRESS REPORTS THAT APPLE INC.’S STOCK HAS BEEN ON THE DECLINE SINCE THE COMPANY’S QUARTERLY EARNINGS REPORT ON WEDNESDAY SUGGESTED THAT ITS FAST GROWTH RATE, RATE FOR A COMPANY OF ITS SIZE, MAY BE COMING TO AN END.

 

APPLE’S STOCK FELL 2.4 PERCENT TO CLOSE FRIDAY AT $439.88 FOR A MARKET CAPITALIZATION OF $413 BILLION. THAT FOLLOWED A 12 PERCENT SLIDE ON THURSDAY, THE BIGGEST ONE-DAY DROP FOR THE COMPANY SINCE 2008. EXXON MOBIL CORP. GAINED 38 CENTS ON FRIDAY TO CLOSE AT $91.73, GIVING THE COMPANY A MARKET CAPITALIZATION NUMBER OF $418 BILLION.

 

APPLE FIRST SURPASSED EXXON IN THE SUMMER OF 2011, DISPLACING THE OIL COMPANY FROM A PERCH IT HAD HELD SINCE 2005. THE TWO COMPANIES TRADED PLACES THROUGH THE FALL OF 2011, UNTIL APPLE SURPASSED EXXON FOR GOOD IN EARLY 2012… AT LEAST UNTIL FRIDAY…