• 4 minutes USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 10 minutes IT IS FINISHED. OPEC Victorious
  • 16 minutes GOODBYE FOREIGN OIL DEPENDENCE!!
  • 10 mins Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 3 hours End of EV Subsidies?
  • 10 mins Maersk's COO statment.
  • 1 day The Great Climate Change Swindle
  • 3 hours Price Decline in Chinese Solar Panels
  • 2 hours China Builds LNG Icebreaker
  • 2 hours Trump accuses Google Of Hiding 'Fair Media' Coverage of him
  • 4 hours EPA To Roll Back Carbon Rule On New Coal Plants
  • 2 hours OPEC Cuts Deep to Save Cartel
  • 1 day Exxon buys green power.
  • 2 days More OPEC Members May Leave
  • 2 days S. Australia showing the way
  • 2 days Feudalism: The Most Resilient System?
The Solar Tech Flying Under The Radar

The Solar Tech Flying Under The Radar

Though Tesla’s Solar Roof tiles…

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



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
-->