Friday, February 18, 2005

Exxon is King

Sorry Ed, but you're #2 now:

Feb. 18 (Bloomberg) -- Exxon Mobil Corp. overtook General Electric Co. as the world's biggest company by market value, underscoring the emergence of energy stocks as leaders amid surging oil prices.

Exxon Mobil, the largest publicly traded oil producer, was valued at $385.8 billion as of 2:30 p.m. in New York, according to data compiled by Bloomberg. The figure surpassed the $378.59 billion value of GE, whose 11 units include financial services, health care and the NBC television network.

3 comments:

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