NEW YORK — Google has passed Exxon to become the No. 2 most valuable U.S. company by market capitalization.
According to FactSet, Google’s market capitalization surpassed that of Exxon Mobil Corp. last week. As of market close Friday, it sat at $395.42 billion compared with Exxon’s $392.66 billion.
Google Inc. shares have climbed since the start of 2013, gaining 66 percent. Meanwhile, Exxon’s have risen 5 percent. Since 2014 began, they’ve lost about 10 percent of their value.
Market capitalization is the number of outstanding shares multiplied by their value.
Both trail Apple Inc.’s $463.55 billion market capitalization.