Apple and Exxon Flirt Over Being Most Valuable Company In The World

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The stock market is busy collapsing like my attempts at a souffle — which has caused all sorts of repercussions to the market. Not in the least is the fact that it has caused some jostling among Apple and Exxon over which of the two companies is the most valuable publicly traded company in the world. Around 10:30AM this morning, Apple passed Exxon for the first time ever, $341.55 billion to $341.42 billion.

The two danced over the course of the day, but ended with ExxonMobile barely retaining their first place with a market cap of $348.32 billion while Apple hit $346.74 billion.

[via href="http://www.macrumors.com/2011/08/09/apple-now-ranks-as-most-valuable-company-in-the-world/">MacRumors]

This as all based on market cap, which to put simply is the share price times the number of shares around.