Thursday, July 12, 2007

Exxon Mobil Is First Company With Market Value of Exceeding $500 Billion

(Bloomberg) -- Exxon Mobil Corp., the oil company
John D. Rockefeller formed in 1882, became the first publicly
traded company valued above half a trillion dollars.

Shares of Exxon Mobil rose 2.7 percent today, pushing the
market capitalization of the Irving, Texas, company to $504.9
billion. That's more than the annual economic output of
Argentina, Finland and Kazakhstan combined. A 40 percent gain in
the past 12 months has made Exxon Mobil 26 percent bigger than
General Electric Co., the next largest U.S. company.


Read more at Bloomberg Energy News

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