Exxon Mobile has become the most expensive corporation
US Exxon Mobil oil corporation again leads the capitalization rating of the world companies. It has displaced technological giant Apple from this place, Reuters quoted experts of Ernst & Young. In the first half of 2013 market capitalization of Exxon Mobil reached $402 billion, while value of Apple during the same period was $372 billion. The owner of internet search portal – Google company with the capitalization of $292 billion – is in the top three.Experts of Ernst & Young claim that 9 out of 10 corporations leading in the market capitalization are American.
The top ten list includes only one Chinese ICBC bank.
1. Exxon Mobil
5. Berkshire Hathaway
7. Johnson & Johnson
8. General Electric
10. Industrial and Commercial Bank of China
“While European companies suffer from the consequences of the debt crisis, the American companies reap the fruits of development of local economy,” said Thomas Harms, representative of Ernst & Young.* ExxonMobil is the world biggest oil company. It originated from Standard Oil trust founded by billionaire John Rockefeller in 1882. In 1999 Exxon and Mobile merged and Exxon Mobil company was established. The company manufactures oils, fuel and other lubricating materials under brand names Exxon, Esso and Mobil.