Amazon Just Beat Oil Giant Exxon Mobil In A Major Way
Amazon on Monday became the world’s fourth-most valuable company by market capitalization, usurping scandal-struck oil giant Exxon Mobil.
The internet giant’s stock price rose by just over 1 percent, bringing its value up to about $366 billion. Hobbled by plummeting oil prices, shares of the world’s biggest oil company fell by more than 2 percent, dragging their total value down to about $356 billion.
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