Beyond Apple, The 9 Most Valuable Companies In History
Bangalore: For most of the people, the phrase “most valuable company” always reminds of Apple, the Cupertino tech giant who hit $623 billion valuation on August. Many referred to it as the history’s most valuable company. But it ignited a debate over why people don’t consider inflation while evaluating the companies. The fact is, if you look back into history, Apple doesn't even make it into the top five, as there were companies which had hit as high as $7.4 trillion in valuation, when adjusted to inflation.
Here are history’s most valuable companies, compiled by Yahoo Finance.
#9 Exxon-Mobil in 2007
Value then: $513.3 billion
Adjusted to 2012: $572.9 billion
Exxon-Mobil, the American multinational oil and gas corporation was formed on November 30, 1999. It is still the world’s largest company by revenue. At its peak in 2007, Exxon Mobil's reserves were 72 billion oil-equivalent barrels. With refineries in 21 countries, it is also the largest refiner in the world.
With the subsided oil prices and also the market deflections, the company now stands at a value of $401.77 billion.
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