Apple surpasses Exxon as most valuable US company


AP/Washington Post
January 26, 2012

Apple briefly surpassed Exxon as the most valuable U.S. company after an excellent quarter, though the oil company has regained the lead at the market’s close.

… Exxon Mobil Corp.’s stock closed up 4 cents at $87.22 for a market capitalization of $418 billion. Apple’s increased 6 percent to $446.66 for a market cap of about $415 billion.

… Cupertino, Calif.-based Apple first topped Exxon in August, then fell back to second place. Irving, Texas-based Exxon had held the top spot since 2005.

Apple overtook Microsoft Corp., now in the No. 3 slot, in 2010.

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