 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 24 hours | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.743 | +0.008 | +0.30% |
|
Bonny Light • 24 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 24 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 23 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 23 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 23 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 23 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
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ExxonMobil Overtakes Apple to Become the World's Largest Company
A year after it took the mantle of the world’s most valuable company from ExxonMobil (NYSE: XOM), Apple Inc. (NASDAQ: AAPL) had to hand it back following several difficult weeks which have seen its share price fall to a 12 month low.
Apple first overtook ExxonMobil as the world’s largest publically traded company on the 10th of August 2011 when Apple closed on $363.69 a share, and Exxon closed at $68.03 a share.
Since a record high last September shares have fallen by 37%.
Related article: Kirkuk Poised for Conflict, BP Enters Fray
Shares in Apple closed down 2.4% at a value of $439.88 a share, giving it a total market capitalisation of $413.06 billion; ExxonMobil on the other hand finished 0.4% up at $91.73 and a market capitalisation of $418.23 billion. Apple’s shares did manage to pass Exxon during the day, but could not hold that position at the close.
For the year to date Apple’s shares have dropped more than 17%, making it the worst performing company on the S&P 500 Index; the largest drop came on Thursday when the share value dropped by 12% on the back of disappointing growth forecasts, despite the record earnings also published. ExxonMobil on the other hand gained nearly 6%.
By. Joao Peixe of Oilprice.com
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