Published February 07, 2014
Google (GOOG) briefly vaulted into the No. 2 position in global market value on Friday before energy behemoth ExxonMobil (XOM) rallied late in the day to narrowly reclaim its spot behind Apple (AAPL).
The intraday takeover by Google marked the first time Exxon had been knocked from the top two spots in almost a decade.
According to FactSet (FDS), Google sported a market capitalization of $393.61 billion on Friday afternoon, trumping Exxon’s $390.15 billion and edging closer to the $400 billion threshold.
However, Exxon rallied late in the day to regain its No. 2 status. The energy giant's market cap ended the day at $395.70 billion, just above Google's $395.42 billion
Google closed up 1.51% to $1,177.44, while Exxon gained 0.87% to $90.58.
Apple, which rallied 1.45% on Friday amid enthusiasm for aggressive stock buybacks, still has a comfortable lead over its peers with a market cap of $464.03 billion.
In the market cap race, Google and Exxon are well ahead of a slew of other household names, including Microsoft (MSFT), General Electric (GE), Johnson & Johnson (JNJ), Wal-Mart (WMT) and Swiss drug maker Roche.