FX.co ★ Top companies compete in race for the best results

A new leader has appeared in the capitalization rating of the major companies worldwide. Exxon Mobil, the American oil company, resumed its top position having beaten the Apple company, the technology and software colossus, into the second place. Referring to the data of analysts from Ernst & Young, the market capitalization figures of the “oilers” have surged to $402 billion; meanwhile, Apple has been able to reach the mark of $372 billion for the same period. The third place of honour is given to Google Inc, the owner of the largest search engine. In the estimation of specialists, the web giant's capitalization makes up $292 billion. It stands to mention that the overall majority in the top ten, namely 9 out of 10 ranks, are occupied by the American companies. Only ICBC, the Chinese bank, managed to get into the pace setters' rating. According to a representative of Ernst & Young, while European companies are suffering from the consequences of the debt crisis, American ones are reaping the benefits of the advanced domestic economy. Such moves in the race to the top were prompted by the forecasts of a slowdown in the sales of the Apple's flagship model – iPhone. As a result, the company's stock value dropped to $419 per share; the capitalization of the multicorporate concern was totaling $400 billion at that time.