Google overtakes Exxon to become US’ second biggest firm
Tech giant Google has overtaken the world's No1 oil producer, Exxon, to rank as the US' second largest company by market capitalisation.
On Friday Google closed with a cap of $395.42bn (£240.96bn), versus Exxon's $392.66bn, according to FactSet data.
The shift marks the changing landscape of the US economy, as more of its capital shifts towards a sopshisticated technology sector.
Google joins fellow technology company Apple in the top two.
When terminal watchers spotted the change on Friday, Oppenheimer & Co. analyst Fadel Gheit told Bloomberg that the move was a "sign of the times" as markets saw "out with the old and in with the new."