Google Inc (NASDAQ:GOOG) has surpassed Exxon in becoming the second most valuable U.S. company based on market capitalization, according to FactSet. Google surpassed Exxon Mobile last week as of the market close on Friday.
Google hit $395.42 billion compared to Exxon’s $392.66 billion. Google’s stock has been climbing steadily since the beginning of 2013. The largest company is Apple, which has a market cap of over $470 billion.
Market capitalization is the number of outstanding shares in a company multiplied by the stock price.